Altona Rare Earths plc has appointed David Catterall as a consultant, with a special focus on the company’s Sesana copper-silver option in Botswana. Mr Catterall, M.Sc., Pr. Sci. Nat., is a geologist with more than 36 years’ operational and field experience in mineral exploration throughout Africa and Europe. He has covered a wide range of […]
Tag: Altona Rare Earths plc
Altona signs Botswana copper-silver option
Altona Rare Earths plc has signed a binding option for the Sesana copper-silver exploration project within PL2329/2023 in the Northwest District of Botswana. FORMATIONS The agreement with Ignate African Mining P/L follows the company’s Zambia metals-diamond acquisition in March as part of its diversification strategy. Sesana lies in the heart of the Kalahari copper belt […]
Altona diversifies with Zambia metals-diamond project
Altona Rare Earths plc has diversified its portfolio with an agreement to acquire the 616 km2 metals and diamond Kabompo South project in Northwestern Province of Zambia. EXCLUSIVITY The deal with Sustineri Group Ltd and with the beneficial owners of Phelps Dodge Mining (Zambia) Ltd is for the entire issued share capital of Phelps Dodge, holder […]
Altona to expand and diversify Africa assets
Altona Rare Earths plc is assessing potential new low-cost entry metals opportunities in Africa to balance its flagship Monte Muambe project. RISK The company said that following a review of its corporate strategy the time was right to add further rare earths interests as well as other raw materials such as copper, lithium and niobium. […]
Altona issues 1.6m shares for CEO purchases and PDMR salaries
Altona Rare Earths plc has issued 1,591,373 ordinary shares in a director’s dealings and in lieu of cash salary payment for certain other directors and senior management. DIRECTORS AND PDMRs On 8 January, chief executive officer Cedric Simonet bought 20,000 ordinary shares at 2 pence each and on 9 January a further 50,000 for 2.1 […]
Altona agrees £250,000 loan for Monte Muambe PFS
Altona Rare Earths plc has agreed a £250,000 loan to advance the prefeasibilty study for Monte Muambe in northwest Mozambique. The two-tranche loan from Catalyse Capital Ltd, which has previously supported the company, will progress work focused on metallurgy. The repayment date is 20 December 2024 and the loan carries a fixed interest of 20% […]