Altona Rare Earths Share Discussion Threads

[hotorcold] 21/11/2024 09:41

Cedric hinting at deal with the US government

[hotorcold] 21/11/2024 09:40

Great interview just released

[hotorcold] 21/11/2024 09:40

https://youtu.be/gn-ylZcHDYI?si=covJPDM3mxcdrLXX

[apotheki] 13/11/2024 07:30

PDMR Dealing

Altona (LSE:REE), a resource exploration and development company focused on critical raw materials in Africa, announces that it has been notified that on 11 and 12 November Cedric Simonet and Louise Adrian, both Directors of the Company, purchased 899,999 and 1,027,016 ordinary shares of 1 pence each in the Company ("Shares") respectively.

[burtond1] 11/11/2024 09:08

Is the fluorspar mine at Monte Muambe the ace in the Altona Rare Earth pack?"...it's a mineral that appears on the critical mineral lists of the world's largest economies. That's because it's used directly or indirectly to manufacture products including aluminium, gasoline, insulation, refrigerants, steel and uranium fuel..."https://total-market-solutions.com/2024/11/altona-rare-earths-plc-nov-2024/

[apotheki] 04/11/2024 08:30

Concur Hotorcold

[apotheki] 04/11/2024 07:50

Cedric Simonet, CEO of Altona, commented: "The potential rapid development of fluorspar production from the Fluorite Zone at Monte Muambe represents an excellent opportunity to monetise an additional part of our investment in this asset. If successful, it would create a cash inflow for the Company.

"Furthermore, this project fits perfectly in our diversification strategy, along with our promising copper exploration assets in Botswana and in Zambia, therefore expanding revenue generation opportunities for the Company."

[apotheki] 04/11/2024 07:35

About Altona Rare Earths Plc

Altona is a resource exploration and development company focused on critical raw materials in Africa. The Company is listed on the Main Market of the London Stock Exchange with the ticker "REE". The Company currently holds copper, fluorspar and rare earths projects.

The Monte Muambe rare earths and fluorspar projects is 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, and a mining licence is expected to be granted before the end of 2024. The Project is now at Prefeasibility Study stage, with a focus on metallurgical testing for rare earths extraction.

The Company is also assessing the possibility of rapidly putting in production high-grade fluorspar veins occurring at Monte Muambe along the western margin of the rare earth bearing carbonatite intrusion.

Altona is presently diversifying its portfolio by acquiring a limited number of critical raw material projects to complement Monte Muambe. The acquisitions of the Kabompo South copper project in Zambia and of the Sesana copper-silver project in Botswana, located just 25 km from MMG's Khoemacau Zone 5 copper-silver mine, represent the first steps towards the implementation of this expanded strategy.

[hotorcold] 04/11/2024 07:35

This is great news. $10 million a year income starting in 12 months

[apotheki] 04/11/2024 07:33

ALTONA RARE EARTHS PLC
("Altona" or "the Company")


MONTE MUAMBE FLUORSPAR MINING SCOPING STUDY
OPERATIONAL UPDATE

Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, is pleased to provide an operational update on its scoping study for the short-term development of a fluorspar mine at Monte Muambe.

Highlights

· Scoping study on short-term fluorspar mining at Monte Muambe started, results expected Q1 2025.
· Field activities completed and representative ore sample taken for assay, beneficiation testing and evaluation by potential buyers.

As announced on 25 September 2024, the Company has started a scoping study (the "Study") for the production of metallurgical grade fluorspar from low-tonnage high-grade veins located along the western margin of the rare earths bearing Monte Muambe carbonatite intrusion (the "Fluorite Zone").

As part of this Study, the Company's team carried out field activities at Monte Muambe during the month of October. These included:
· A photogrammetric topographic survey of the Fluorite Zone to provide a high-resolution Digital Terrain Model ("DTM") to serve as base for 3D modelling of fluorspar mineralisation.
· Detailed geological mapping of high-grade fluorspar outcrops.
· The production of a representative 300kg crushed sample of high-grade fluorspar ore.

The ore sample will be split into different sub-samples which will be used for geochemical assays and for beneficiation testing. Representative sub-samples will also be submitted to potential buyers and off-takers for evaluation this month. Results will be communicated to shareholders as soon as possible and will be used as inputs in the Study.

The Study will take into consideration the potential production of 15,000 to 20,000 tons of fluorspar per year over an initial period of 5 years. Beneficiation of high-grade ore from the Fluorite Zone to produce metallurgical-grade fluorspar is expected to be simple and to involve crushing followed by gravity concentration using jigs or a Dense Medium Separation ("DMS") plant, translating into a relatively low capex. The Study is expected to be completed during Q1 2025.

The anticipated size and relative simplicity of this project lends itself to fast-tracking, with potential for commercial sales within 12 months of an investment decision.

Cedric Simonet, CEO of Altona, commented: "The potential rapid development of fluorspar production from the Fluorite Zone at Monte Muambe represents an excellent opportunity to monetise an additional part of our investment in this asset. If successful, it would create a cash inflow for the Company.

"Furthermore, this project fits perfectly in our diversification strategy, along with our promising copper exploration assets in Botswana and in Zambia, therefore expanding revenue generation opportunities for the Company."

[sharesoc] 25/10/2024 08:35

Join ShareSoc for the Growth Company Seminar/Webinar – 27th November 2024 (London)

On 27th November, ShareSoc is hosting a Growth Company Seminar in London featuring presentations from:

Bioventix (BVXP) – Peter Harrison, CEO
Polar Capital Global Financials Trust plc (PCFT) – Tom Dorner, Fund Manager
Altona Rare Earths (REE) – Dr. Cedric Simonet, CEO
Wheaton Precious Metals (WPM) – Randy Smallwood, President & CEO

Schedule:

5:00 pm start
25-minute presentations
15-minute Q&A after each presentation
Networking over drinks and buffet

Attend in-person or watch virtually.



Register Here:

[apotheki] 21/10/2024 06:50

KABOMPO SOUTH COPPER PROJECT
GEOPHYSICAL DATA REVIEW RESULTS

Altona (LSE: REE), a resource exploration and development company focused on diversified critical raw materials in Africa, is pleased to announce the results of the geophysical and geochemical data assessment for the Company's new Kabompo South copper project in Zambia, performed by Earthmaps Consulting ("Earthmaps").

Highlights

· Earthmaps concludes that Kabompo South is prospective for Iron Ore Copper Gold ("IOCG") copper mineralisation.
· The data assessment confirms the presence of geophysical features typically associated with IOCG deposits in Zambia.
· In Zambia, the viability of IOCG copper deposits has been clearly demonstrated by the discovery of the Kitumba copper deposit (31.5mt at 2.05% Cu), the mine construction for which started recently.

As announced on 25 September 2024, the Company engaged the services of Earthmaps, a Namibian based geophysical services company headed by industry veteran Klaus-Peter Knupp, to assess the Kabompo South project's geophysical and geochemical datasets, which include a high-resolution ground magnetometer survey covering over 50% of the licence.

The data assessment revealed that the licence is largely underlain by iron-rich Hook Granites intruding low metamorphic Kundelungu Group sediments at different depths; some of the intrusions being shallow and potentially sub-outcropping. One of the magnetic anomalies originating from the Hook Granites coincides with a soil geochemical anomaly marked by elevated copper values. These conclusions are consistent with geological features observed on the ground in and around the Kabompo South licence area, including the characteristics of the Kamweji copper deposit and the widespread presence of hematite veins.

Therefore, Earthmaps has, the Company is pleased to confirm, concluded that Kabompo South is prospective for IOCG copper mineralisation.

Following this key and positive data assessment, the Company will proceed with further exploration work at Kabompo South. The initial phases will include magnetic forward and inversion modelling, as well as an extensive soil geochemical survey that will allow the Company to fully understand the geometry of the granite intrusions and associated structures, and to rapidly define initial drilling targets.

IOCG Deposits in Zambia

IOCG deposits are an important family of copper (and other minerals) deposits sharing common features, including their association with specific types of igneous intrusions, strong structural controls (including extensive breccia) and the abundance of magnetite and/or hematite.

In Zambia, the potential of the Hook Granites for IOCG deposits is well recognised. Exploration efforts at Kitumba, in the Mumbwa district of central Zambia, have led to the discovery of a significant IOCG copper deposit. This deposit, located in a similar geological context to Kabompo South, has proved and probable ore reserves totalling 31.5 mt at 2.05% Cu. It is now owned by Sinomine and the ground-breaking ceremony for the construction of the mine took place in August 2024.

Cedric Simonet, CEO of Altona, commented: "The data assessment carried out by Klaus and his team has clearly outlined a geological context favorable to IOCG mineralisation, which are known to carry viable copper deposits in Zambia. The definition of a geological model to guide exploration is a necessary first step for any mining project and this represents a significant and exciting advancement for the Kabompo South project. I look forward to implementing the next exploration activities on the ground and updating our shareholders accordingly when the next set of results have been prepared."

Simon Charles, Chair of Altona, commented: "These datasets from the Earthmaps team for Kabompo South are very pleasing. We are seeing our ambition to hold interests in a diversified portfolio of mineral assets beginning to take shape."

[burtond1] 14/10/2024 06:30

New note out on REE https://www.optimocapital.co.uk/s/ALTONA-NOTE-OCT-24.pdf

[sharesoc] 03/10/2024 09:00

Watch the insights given by European Green Transition plc (EGT) and Altona Rare Earths PLC (REE) on their current performance and future plans in our recent webinar. The full presentations and Q&As are now on the ShareSoc YouTube.

[outspan] 27/9/2024 13:44

hTTps://x.com/StockBoxMedia/status/1839286398978830499?t=93d5rb6r1mFPKrejL0kUfA&s=19

[apotheki] 25/9/2024 06:30

Cedric Simonet, CEO of Altona, commented: "Metallurgy is the most challenging part of rare earths mining projects. Over the past months we have tremendously increased our understanding of the mineralogy and metallurgy of Monte Muambe, and I am very pleased with the test work's progress. While more work is necessary, and will continue over the next weeks, results received so far show a clear path towards a viable beneficiation process and the production of a rare earths concentrate.

"The possible short-term production of fluorspar, another critical mineral, from Monte Muambe is a very exciting possibility and challenge, which fits neatly in the Company's strategy to diversify its portfolio of commodities and realise the value from its assets."

[quinag] 23/9/2024 09:34

Cedric Simonet will be speaking at ShareSoc's webinar tomorrow (24/9/24) at 5pm if anyone wishes to ask any questions about recent developments. I'm particularly keen to hear about timing and funding of development at Monte Muambe - still a lot to do and many $$s to find... hxxps://www.sharesoc.org/events/discovery-company-webinar-24-september-500pm/

[sharesoc] 17/9/2024 15:23

ShareSoc, in collaboration with InvestorHub, presents a new monthly webinar series designed to spotlight small and midcap companies listed on AIM or the Aquis Exchange, with the aim of providing insights into innovative and high growth prospects within the market.
This month we are pleased to feature Tribe Technology PLC (TRYB), Altona Rare Earths PLC (REE) and European Green Transition plc (EGT)

Register Here:

[tomboyb] 31/7/2024 07:19

INDEED -

rns holdings -

[hotorcold] 29/7/2024 06:56

Seller is out also so hopefully won't be held back now

[apotheki] 29/7/2024 06:53

EXERCISE OF SESANA COPPER-SILVER PROJECT OPTION,
BOARD CHANGES, NOTICE OF GENERAL MEETING


Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, announces that further to the announcements of 9 April 2024, 4 July 2024 and 18 July 2024, it has now exercised its option to acquire the Sesana Copper-Silver project located in Botswana.

Sesana Copper-Silver project acquisition

Further to the signature of a binding option agreement with Ignate African Minerals (Pty) Ltd ("Ignate") with respect to prospecting licence PL2329/2023 ("Tenement"), located in Botswana, the Company has notified Ignate of the exercise of the option, which allows the Company to acquire an interest of up to 85% in the Tenement, in consideration for cash and Altona shares payments, and for exploration expenditure commitments.

The Tenement is located in the Kalahari Copper Belt, about 25km from the low-cost Khoemacau Copper-Silver underground mine, and close to Galileo Resources licence PL039/2018 and ARC Minerals licence PL135/2017 (Virgo Copper-Silver Project). Recent interpretation of regional airborne magnetic data shows that a ca. 10km long stretch of the
contact between the D'Kar and Ngwako Pan formations contact is passing through the northern
part of the Tenement, along the eastern margin of a fold structure, which makes it a perfect
setting for copper-silver mineralisation.

Altona and Ignate are now preparing the final agreement, which is expected to be signed shortly. Activities pertaining to environmental and administrative processes in Botswana have started, and plans are being made to start exploration activities in due course.

Board changes

The Company announces that Audrey Mothupi will step down as a Non-Executive Director of the Company effective 1 August 2024, after 3 years on the Board.

Commenting, Martin Wood, Chairman of Altona, said: "I would like to extend my personal thanks to Audrey for her very professional service to the Board of Altona. Her experienced and thoughtful approach to all aspects of Board work is impressive and her ability to build great working relationships with everyone made it a pleasure to work with her. I wish Audrey the best luck for the future and hope we can work together again."

Mr Kristoffer Andersson has been appointed to the Board of Directors of the Company as a Non-Executive Director, effective 1 August 2024.

Mr Andersson is an economist with extensive experience in the renewable energies, mining, commodity trading and natural resources sectors, as well as investment banking in emerging markets in Latin America and Africa. He has served on the Board of Directors for both private and public companies across various industries, and co-founded Ashmont Resources Corp, a Canadian private company focusing on high-value mineral assets in Colombia.

Mr Andersson is currently the CEO of Ironveld Plc, a mining company and speciality metals producer based in South Africa, listed on the AIM Market of the London Stock Exchange.

Notice of General Meeting

The Company announces it will hold a General Meeting ("GM") on Tuesday 20 August 2024 at 11 am, at the office of Orana Corporate, Eccleston Yards, London, SW1W 9NF.

The Notice of the GM and the Form of Proxy are available on the Company's website: hxxps://investors.altonare.com/documents

Cedric Simonet, CEO of Altona, commented: "I am delighted with the exercise of the Sesana Copper-Silver project option, which marks a significant step forward towards commencing exploration activities on this project. The unique geological setting of copper-silver mineralisation in the Kalahari Copper Belt is well defined, and identifiable through the use of various geophysical methods, making it possible to fast-track exploration activities. The presence of an operating mine and of several active exploration projects in close proximity of the Tenement supports our assessment of its prospectivity.

"I would also like to welcome Kris to the Board of Directors of Altona. Kris' varied business and funding experience in South America and Southern Africa will add significant value to the Company's on-going diversification strategy."

[tomboyb] 26/7/2024 15:17

buyers trickling in -

[tomboyb] 26/7/2024 14:58

seller is clearing out -

RNS with buyers -

[the count of monte_cristo] 26/7/2024 14:10

Great story here.