Altona Rare Earths Share Discussion Threads

[the count of monte_cristo] 07/5/2024 05:25

Research Talks - Altona Rare Earths #REE,

[the count of monte_cristo] 03/5/2024 16:30

They became hundreds of thousands😅

[newkid] 03/5/2024 16:28

What happened to the thousands of shares I had in Altona Energy?

[the count of monte_cristo] 17/4/2024 08:43

INVESTOR PRESENTATION

Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, announces that Cedric Simonet, Chief Executive Officer, will provide a live presentation relating to Altona's diversification strategy and on its new copper projects, on 17 Apr 2024 at 18:00 BST, via the Investor Meet Company platform.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard until 16 Apr 2024, 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Altona via:



Investors who already follow Altona on the Investor Meet Company platform will automatically be invited.

[the count of monte_cristo] 13/4/2024 10:39

Interview.

[apotheki] 12/4/2024 07:40

SP Angel . Morning View .

The Sesana project is located on the eastern edge of the Kalahari Copper Belt approximately 25km from “the producing Khoemacau underground copper-silver mine” and “next to Galileo Resources licence PL039/2018 and near ARC Minerals licence PL135/2017 (Virgo Copper-Silver Project), where a 3km long soil anomaly associated to the D'Kar / Ngwako Pan formations contact has been recently identified”.

Existing deposits in the Kalahari Copper Belt are usually found at the geological contact between the D’Kar Formation and the underlying Ngwako Pan Formation and today’s announcement describes a “regional airborne magnetic data … [which] … shows … 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”;.

“Initial exploration work will include a combination of geochemical and geophysical exploration methods … [including] … Soil sampling associated to ionic leach assays is particularly suitable for the KCB context … [and a] … Detailed magnetometer survey will allow a detailed mapping of lithology and structures while induced polarization will allow the direct localisation of disseminated sulphides to allow accurate reconnaissance drilling planning”.

CEO, Cedric Simonet, explained that the “acquisition of the Sesana Project is in line with the implementation of Altona's portfolio diversification strategy”.

Conclusion: Altona Mining is joining the increasing exploration interest in Botswana’s Kalahari Copper Belt. We await news as exploration of the Sesana project proceeds.

[the_price_is_right] 11/4/2024 13:16

Issuing shares, diluting stock then moving to new strategy in a different market/exchange... Rinse & repeat.

[roman2325] 09/4/2024 10:55

Where do they get the financing from?

[the count of monte_cristo] 09/4/2024 10:41

Everyone moving into Zambia, because they know how prospective it is. Now another move into Botswana, after copper, I like it.

Better.

[apotheki] 28/3/2024 07:41

ZAMBIA COPPER LICENSE ACQUISITION

Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, is pleased to announce that it has entered into an agreement with Sustineri Group Ltd ("Sustineri") and with the beneficial owners of Phelps Dodge Mining (Zambia) Limited (the "Target") to acquire the entire issued share capital of Phelps Dodge Mining (Zambia) Limited, the registered holder of Large Scale Exploration Licence 21403-HQ-LEL ("the Licence") , located in the Mufumbe District of Northwestern Province of Zambia ("Tenement").

Consideration

The consideration for the transfer of the exclusivity over the Tenement from Sustineri to Altona is £40,000 to be satisfied by the immediate issue of 800,000 new ordinary Altona shares ("Shares") at a price of 5p.

The consideration for the transfer of the Target from its present owners to Altona will be as follows:

· US$ 40,000 on completion, being the later of the date of the acquisition of the Target and the date of renewal of the Licence, payable in Shares at the 30 day volume-weighted average price, from which will be deducted any costs incurred by Altona to renew the Tenement and to transfer the Target; and
· US$ 150,000 12 months after completion, payable in Shares at the 30 day volume-weighted average price.

The Tenement

The Tenement is located in the Mufumbe District of Northwestern Province, Zambia. It has a surface area of approximately 616 km2 and is valid for copper, cobalt, nickel, lead, zinc, gold and diamonds. The Tenement is located 4 km west of the Kamweji copper occurrence, and 60 km southwest of the Mufumbwe copper mine (22 million tonnes at 1.6% Cu), along strike.

Zambia is a safe and mature mining jurisdiction known for its unique geology, dominated by the Central Africa Copper Belt, where copper, cobalt and silver have been mined for over a century, and where world class copper deposits continue to be discovered on a regular basis.

The Tenement was previously held by copper giant Freeport McMoRan until this company's strategic decision to exit Zambia in April 2020. The Tenement has seen prior grassroot exploration including 4,000 line kilometre of ground magnetometer survey and a partial leach soil geochemistry survey over a 4 kilometre square grid. This work highlighted the presence of a large copper gold silver anomaly in the Northeastern part of the Tenement, overlapping a possible demagnetised zone.

Immediate exploration work will include reprocessing of the magnetometer survey data and an ionic leach soil sampling survey at a reduced sample spacing, ahead of defining drilling targets by the end of the year.

Portfolio expansion and diversification

This proposed acquisition represents the first step in the implementation of the Company's updated corporate strategy announced on 19 February 2024.

As the Monte Muambe Prefeasibility Study is progressing with the on-going advanced metallurgical studies, Altona recognises that the time is right for the Company to expand and diversify its portfolio of projects in Africa. The Company continues to actively assess additional potential new opportunities with a focus on projects having a low-entry cost with a clear pathway to early results and to majority ownership.

Cedric Simonet, CEO of Altona, commented: "Securing an asset with enough potential to have historically attracted the attention of a major player in the copper mining industry is a significant achievement for Altona. We are delighted to make our entry into Zambia with this acquisition; a country where world-class copper and cobalt discoveries regularly make the news.

"As mineralogy and metallurgy work at Monte Muambe continues, the Kabompo South copper project acquisition demonstrates Altona's commitment to deliver on its updated corporate strategy through a careful selection of a limited number of high-quality projects."

[the count of monte_cristo] 20/2/2024 01:28

Looks good an undervalued micro-cap which may do very well when interest returns to the bombed out sector, I continue to add when funds allow.

I am thinking they may get funding from a US or European source, as well all know they are looking to diversify and source REE's outside of China but have very, very few options globally.

"Altona attended a very busy Mining Indaba event in Cape Town in early February and was pleased to note the general optimism in the mining industry in Africa, as well as the tangible interest of Western Governments to support the development of critical raw material sources. Altona had fruitful meetings with representatives of several US Government agencies with respect to Monte Muambe".

[apotheki] 19/2/2024 07:43

Portfolio Expansion and Diversification

Altona attended a very busy Mining Indaba event in Cape Town in early February and was pleased to note the general optimism in the mining industry in Africa, as well as the tangible interest of Western Governments to support the development of critical raw material sources. Altona had fruitful meetings with representatives of several US Government agencies with respect to Monte Muambe.

Additionally, the Board of Directors has undertaken a careful and thorough review of the Company's corporate strategy. As Monte Muambe is advancing, Altona recognises that the time is right for the Company to expand and diversify its portfolio of projects in Africa, including Rare Earths, but also non-Rare Earths critical raw materials such as copper, lithium and niobium. The Company is therefore currently actively assessing potential new opportunities with a focus on projects having a low-entry cost with a clear pathway to early results and to majority ownership.

[apotheki] 19/2/2024 07:30

OPERATIONAL UPDATE

Altona (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, is pleased to provide an operational update on its Monte Muambe Rare Earths project and on other activities.

Monte Muambe

As previously announced, Prefeasibility Study activities for Monte Muambe are underway and currently focused on advanced metallurgical testing. A 70kg representative ore sample is with Auralia Metallurgy in Perth (Australia), and another 100kg ore sample has been received by SGS Lakefields in Canada. The sample with SGS Lakefields will first undergo extensive feed characterisation including Electron Microprobe Analysis and TIMA-X analysis. TIMA-X stands for Tescan Integrated Mineral Analyzer and is a one of the newest automated mineralogy technologies. It is designed to provide quantitative mineral speciation and distribution, as well as characterisation, grain size attributes, degree of liberation and associations of minerals of interest.

Following feed characterisation, metallurgical test work will initially focus on producing a high-grade Rare Earth concentrate in order to improve the economics of the Mixed Rare Earth Carbonate production process. The possible separation and recovery of fluorspar, another critical raw material present in the ore at Monte Muambe, will also be assessed. Flotation test results are expected in Q2 2024.

Separation of the 15 Rare Earths present at Monte Muambe from their ore, with a focus on Neodymium, Praseodymium, Terbium and Dysprosium, is a complex process. Metallurgy is a critical component of rare earths projects development. Beside process design and costing, key outputs will also include products specifications to enable discussions with potential off-takers.

[the_price_is_right] 12/1/2024 11:48

Ever decreasing circle.

[burtond1] 27/12/2023 09:14

20 Mining Companies for 2024 – Part I (A-E)https://total-market-solutions.com/2023/12/20-mining-companies-for-2024-part-i-a-e/

[septblues] 06/12/2023 09:09

important step forward

[apotheki] 07/11/2023 11:05

SP Angel . Morning View . China tightens controls over Rare Earth exports

Rare Earths – China tightens controls over Rare Earth exports along with imports of other commodities (SCMP)

China is taking even greater control of its raw material imports and exports as the CCP continues to tighten its grip on the way the economy works.

President Xi’s strategy appears to be to continue to centralise control over all aspects of the economy.

Today China’s Ministry of Commerce has asked all exporters of rare earth metals and oxide products to report transactions.

Rare earths are targeted as the only item on the export reporting list.

The government has also asked importers of crude oil, iron ore, copper ore concentrates and potash fertiliser to report orders and shipments.

The new requirements which will last for two years look like a pre-curser to the further tightening of import and export controls from the requirements posted by the National Bureau of Statistics in 2022

Part of the strategy may also be to restrict uncontrolled growth in steel production and copper smelting

The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters has been assigned to collect, compile and analyse the data, which will be sent to the commerce ministry.

At a State Council meeting on Friday, Premier Li Qiang said China should coordinate and ensure proper planning for rare earth exploration, development and research.

China accounts for ~70% of rare earth mine supply globally and ~85% of world processing capacity in 2022.

[the_price_is_right] 06/11/2023 17:14

These were ANR before they were REE. Same tired old drilling results and jam tomorrow BS.

[the_price_is_right] 06/11/2023 17:12

You need to dyor.

[septblues] 03/11/2023 17:10

the price is right

or do you mean 10 months?

perhaps you need a new hour glass

[the_price_is_right] 03/11/2023 11:49

Downward trend that's lasted 10 years...