Christian Taylor-Wilkinson of Altona Rare Earths: Phase 2 drilling campaign to proceed after positive results from Phase 1 at Monte Muambe

Christian Taylor-Wilkinson, CEO of Altona Rare Earths #ANR discusses how the positive results from the Phase 1 drilling campaign at the Monte Muambe REE asset has given them confidence to proceed on a Phase 2.

SUMMARY

* Phase 1 results show above average REE levels
* Two new mineralised areas identified
* Phase 2 resource drilling to start in April 2022 and last for up to 12 months
* Phase 2 will deliver: maiden Mineral Resource Estimate, metallurgical testing and scoping study
* Phase 1 total spend was £580,000 and Phase 2 costs expected to be approx. £1.2 million
* Full Intertek assay results expected by May 2022
 

About Altona Rare Earths Plc
Altona Rare Earths Plc is a mining exploration company focused on the evaluation, development and extraction of Rare Earth Element (REE) metals in Africa. It owns a REE mining project in Mozambique; the Monte Muambe Project, a Light REE mining project in the southwest of the country, where exploration work commenced on 1 October 2021. The Company is in the process of investigating other REE opportunities in Africa.

Notes on the use of pXRF analyser for rare earths exploration at Monte Muambe:

The Hitachi X-Met8000 is a pXRF equipped with a 50kv anode and specific programmes to enable the detection and quantification of Nd, Pr, La, Ce and Y, as well as of light elements relevant to carbonatites such as K, Mg and Si. Duplicate 3m composite RC samples were prepared using plastic cups covered by a mylar film and assayed under standard conditions using both the light elements programme (30s assay time) and the rare earths programme (60s assay time). Regular checks and calibration are done using a SiO2 blank and various CRMs. In the current conditions, pXRF results give a good indication as to the degree to which samples are mineralised, and are usable as a decision tool, but are not final and should be considered with caution.