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Altona Rare Earths Unveils High-Grade Fluorspar Discovery at Monte Muambe

Story Highlights
  • Altona Rare Earths discovered high-grade fluorspar at Monte Muambe with grades up to 93.31% CaF₂.
  • The discovery supports developing a 50,000 tpa acid-grade fluorspar mine, enhancing project potential.
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Altona Rare Earths Unveils High-Grade Fluorspar Discovery at Monte Muambe

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

Altona Rare Earths Plc announced significant assay results from its newly discovered fluorspar body at Monte Muambe, with grades up to 93.31% CaF₂. These results bolster the business case for developing a 50,000 tpa acid-grade fluorspar mine, enhancing the project’s resource potential. The discovery offers an opportunity to blend ore from different sources, improving overall plant feed grade. The company is advancing metallurgical testing to produce high-quality acid-grade fluorspar concentrate and is in discussions with stakeholders to position Monte Muambe as a strategic supplier to global markets.

More about Altona Energy

Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on unlocking the value of critical raw materials across Africa. The company is engaged in the Monte Muambe Project in Mozambique, which hosts rare earths, fluorspar, and gallium mineralization. Altona is working on fast-tracking the development of high-grade fluorspar veins and is also involved in the Sesana Copper-Silver Project in Botswana.

Average Trading Volume: 778,192

Technical Sentiment Signal: Hold

Current Market Cap: £3.33M

Find detailed analytics on REE stock on TipRanks’ Stock Analysis page.

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