Altona Rare Earths PLC Result of AGM

RNS Number : 9051N

Altona Rare Earths PLC

27 November 2024

 

27 November 2024

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

RESULT OF AGM

 

Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, is pleased to announce that all resolutions proposed at the Annual General Meeting held earlier today were unanimously passed on a show of hands.

 

Below is a summary of the proxy votes submitted for each resolution.

 

 

Resolution	For	Against	Withheld	Total*
01	45,470,177	10,610	10,062	45,490,882
02	45,480,226	610	10,013	45,490,882
03	45,480,226	610	10,013	45,490,882
04	45,480,177	610	10,062	45,490,882
05	45,479,781	1,055	10,013	45,490,882
06	45,069,781	411,055	10,013	45,490,882
Total Voting Rights	163,015,866

 

* includes 33 votes at the discretion to the Chairman

 

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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

 

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.

 

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END

 

 

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