Altona Rare Earths PLC Investor Presentation Via Investor Meet Company

RNS Number : 0078Y

Altona Rare Earths PLC

26 July 2024

 

 

26 July 2024

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

INVESTOR PRESENTATION VIA INVESTOR MEET COMPANY

 

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 an investor update on Altona's diversification strategy, on 01 August 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 31 July 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:

 

https://www.investormeetcompany.com/altona-rare-earths-plc/register-investor

 

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

 

To subscribe for RNS alerts, please join our investor hub on: https://investors.altonare.com/welcome

 

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Altona Rare Earths Plc

Cédric Simonet, CEO                                                                               [phone]

Louise Adrian, CFO                                                                                [phone]

           

Novum Securities Ltd (Corporate Finance)                                        [phone]

David Coffman                                                                                                                           

Daniel Harris

 

Allenby Capital Ltd (Joint Broker)                                                         [phone]

Kelly Gardiner / Guy McDougall (Sales)

Nick Athanas (Corporate Finance)

 

Optiva Securities (Joint Broker)                                                           [phone]

Vishal Balasingham                                                                                                                    

 

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". 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 is currently developing 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 at Prefeasibility Study stage, with a focus on metallurgical testing and process.

 

Altona is presently diversifying its portfolio by acquiring a limited number of critical raw material projects to complement Monte Muambe. The acquisition of the Kabompo South copper project in Zambia and of the Sesana copper-silver project in Botswana represents the first steps towards the implementation of this expanded strategy.

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