467: Christian Taylor-Wilkinson of Altona Rare Earths discusses the completion of its Drilling Programme at Monte Muambe
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Christian Taylor-Wilkinson, CEO of Altona Rare Earths #ANR discusses the completion of its 2021 Drilling Programme at its Monte Muambe Project, on time and within budget.
The objective of this first phase drilling programme is to provide an initial guide as to the extent of Rare Earth Elements ("REE") deposits across the site. The programme included testing the lateral extension of known REE mineralisation in the crater as well as exploring four new targets where the Company's geologist team identified possible deep carbonatite weathering, ideal for hosting REE deposits.
About Altona Rare Earth
Altona Rare Earths Plc is a mining exploration company focused on the evaluation, development and extraction of Rare Earth Element (REE) metals in Africa.
Having ownership of both carbonatite and ionic clay deposits allows Altona possible access to both Heavy and Light Rare Earths, one of the few companies in the position to potentially supply all 17 REEs in economic quantities.
It acquired its first rare earths mining asset, the "carbonatite" Monte Muambe Project in Northwest Mozambique, in June 2021 and completed Phase 1 drilling on 26 November 2021.
The Company completed its second acquisition in October 2021 - the "ionic clay" Chambe Rare Earths Project in Southern Malawi, where it will commence Phase 1 exploration drilling by the end of Q1 2022.
The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to Aquis Stock Exchange on 1 February 2019. A copy of its Admission documents dated 4 March 2005 can be accessed on its website, www.altonaRE.com. This website is where items can be inspected under Rule 75 of the Aquis Rules for Issuers.