Initiation of research by Allenby Capital

Altona Rare Earths PLC

03 November 2023

 

RNS Reach

03 November 2023

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

Initiation of research by Allenby Capital

Altona Rare Earths (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, is pleased to announce the initiation of research by Allenby Capital Limited, one of the Company's joint brokers.

The research is available on Allenby Capital's website here.

-ends-

Altona Rare Earths Plc

Cedric Simonet, CEO                                                                               [phone]

Christian Taylor-Wilkinson, Business Development                                 [phone]

Novum Securities Ltd (Corporate Finance)                                        [phone]

David Coffman                                                                                                                           

Daniel Harris

George Duxberry

Allenby Capital Ltd (Joint Broker)                                                         [phone]

Kelly Gardiner / Guy McDougall (Sales)

Nick Athanas (Corporate Finance)

Optiva Securities (Joint Broker)                                                           [phone]

Daniel Ingram                                                                                                                             

Yellow Jersey PR (Financial PR)                                                          [phone]

Sarah Hollins

Annabelle Wills

Soraya Jackson

About Altona Rare Earths Plc

Altona is a resource exploration and development company focused on Rare Earths in Africa. The Company is listed on the Main Market of the London Stock Exchange. 

Rare Earths are a group of 17 chemical elements, many of which are critical to the World's ongoing transition from carbon-based to renewable energies, and to the defence and communication sectors.

The Company currently focuses on the development of Monte Muambe, its flagship Magnet Rare Earths Project, located in Northwest Mozambique. The Project was acquired in June 2021, and the Company has so far drilled over 7,800m, and defined a maiden JORC Mineral Resource Estimate of 13.6 million tons at 2.42% TREO. A Competent Person Report including the Scoping Study for Monte Muambe was published on 18 October 2023. The Project is now entering its Prefeasibility Study stage.

Altona continues to take advantage of its position in Africa to assess other possible Rare Earths opportunities on the Continent.

 

END