Altona Rare Earths Announces Promising Fluorspar Assay Results at Monte Muambe

The latest update is out from Altona Energy ( (GB:REE) ).

Altona Rare Earths Plc has announced promising assay results from its Monte Muambe Fluorite Zone, with fluorspar ore samples averaging 88.03% CaF2, surpassing typical metallurgical grade standards. The company is advancing metallurgical studies and engaging with processing partners to expedite fluorspar production, aiming to achieve efficient and cost-effective operations, which could enhance its market positioning and stakeholder confidence.

More about Altona Energy

Altona Rare Earths Plc is a resource exploration and development company focused on critical raw materials in Africa, listed on the London Stock Exchange under the ticker ‘REE’. The company holds projects in copper, fluorspar, and rare earths, with significant efforts at the Monte Muambe project in Northwest Mozambique, where it is currently in the prefeasibility study stage for rare earths extraction.

YTD Price Performance: -10.0%

Average Trading Volume: 913,599

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £2.2M

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