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LONDON - Altona Rare Earths PLC (LSE:REE), a company engaged in the exploration and development of critical raw materials in Africa, has announced a forthcoming investor presentation on the recent gallium discovery at its Monte Muambe project in Mozambique. The CEO, Cedric Simonet, will lead the live session scheduled for 08 May 2025, detailing the significance of the find.
The event, hosted via Investor Meet Company, is accessible to both current and prospective shareholders, who have the opportunity to pose questions in advance or during the presentation itself. The Monte Muambe project, which Altona acquired in June 2021, has undergone extensive drilling of over 7,800 meters, revealing a significant mineral resource estimate.
Following a Competent Person Report published on 18 October 2023, the project is advancing to the Prefeasibility Study stage, concentrating on the metallurgical processes for extracting rare earth elements. Alongside the rare earths, Altona is evaluating the feasibility of commencing production of high-grade fluorspar veins and exploring the potential of the newly discovered gallium occurrences at the site.
Altona’s strategy includes diversifying its portfolio by acquiring additional critical raw material projects. This expansion is exemplified by the recent acquisitions of the Kabompo South copper project in Zambia and the Sesana copper-silver project in Botswana.
The announcement comes as the demand for critical raw materials, such as rare earths and gallium, continues to rise due to their essential role in various high-tech applications. Altona’s efforts in exploring and potentially developing these resources could contribute to meeting the growing market needs.
The company’s presentation will provide insights into the development progress at Monte Muambe and the broader strategy to strengthen its position in the critical raw materials sector. Interested investors can register for the event through the Investor Meet Company platform.
This news is based on a press release statement from Altona Rare Earths PLC.
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