399: Christian Taylor-Wilkinson of Altona Rare Earths talks about the start of their drilling programme at its Monte Muambe Project

The Vox Markets Podcast

Christian Taylor-Wilkinson CEO of Altona Rare Earths #ANR talks about the start of their drilling programme at its Monte Muambe Project to evaluate the asset's value and potential.

HIGHLIGHTS
Phase 1 drilling will entail 39 holes drilled for a total meterage of 3,000m, across six carefully selected Rare Earths targets. The programme is being divided as follows:

* Diamond Drilling - 4 holes (one inclined and three vertical) for a total meterage of 550m, producing solid cores at 1m intervals

* Reverse Circulation ("RC") drilling - 35 holes (six vertical and 29 inclined) for a total meterage of 2,450m.

The objectives of the drilling programme are:

* To improve the understanding of the geological model through repeating selected historic RC holes in Diamond Drilling.

* To check the lateral extension of REE mineralisation encountered in historic RC holes.

* To test four new targets selected by our geologist team based on available data and with a focus on areas with potential for deep weathering of carbonatites, which is known as an enrichment factor in carbonatite-hosted REE deposits.
About Altona Rare Earths
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 acquired its first rare earths mining asset, the Monte Muambe Project in Northwest Mozambique, in June 2021 and commenced its exploration drilling programme on 2 October 2021.