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Altona to resume drilling at Mozambique rare earths project
1:10 CAT | 06 Jul 2023
FILE - Altona says new drilling season about to start at its Monte Muambe Project in Northwest Mozambique, in the Tete Province [File photo: Altona Rare Earths]
Altona Rare Earths Plc said its Monte Muambe rare earths project in Mozambique re-opened at the start of this week and the new drilling season will begin “on or around 15 July”.
This will include initial pre-feasibility study in-fill drilling activities carried out by Spartan Drilling Services for the third consecutive season.
Cedric Simonet, chief executive of London-listed Altona, said the company’s immediate areas of focus are its mineral resource estimation (MRE) and scoping study, with “considerable attention” to be given to the metallurgy as this is “a key parameter” for carbonatite hosted rare earth elements projects.
He added: “The 2023 drilling campaign will specifically aim at expanding the high-grade orebodies in order to increase the resource base.”
The company also shares some recent assay results, including one core sample with 3.45% concentrations of total rare earths at first measurement and 3.52% in the second measurement, with 0.45% NdPrO (neodymium and praseodymium oxides).
The @AltonaRareEarth field team has been mobilised back to Monte Muambe for this year’s drilling season, which is expected to start mid-July.
Operations will initially focus on in-fill drilling at Target 4 & on exploration drilling at Target 3.#REE #RNShttps://t.co/Nwcp6D23JY pic.twitter.com/A68IBRin0f— AltonaRareEarths (@AltonaRareEarth) July 5, 2023
Source: Proactive Investors
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