693: Christian Taylor-Wilkinson of Altona Rare Earths discusses Monte Muambe’s significant exploration results

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2y ago 10:06

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Christian Taylor-Wilkinson of Altona Rare Earths #ANR discusses Monte Muambe’s Phase 1 Exploration Results, which show significant REE levels across multiple target areas and their intention to list on the LSE.

SUMMARY

* Phase 1 assay results show significant REE levels across multiple target areas
* NdPr levels identified in significant levels
* Individual intercepts with up to 7.24% TREO and up to 1.21% NdPrOx;
* Out of the 6 targets drilled, 4 have significant REE mineralisation and warrant follow-up, 2 being new discoveries
* NdPr are the key metals used in the manufacture of permanent magnets for the drivetrains for Electric Vehicles and Wind Turbines

Monte Muambe is a 4km diameter circular carbonatite intrusion located in Tete Province, Northwest Mozambique, held under Prospecting Licence 7573L. The Company commenced an initial drilling programme in October 2021, focusing on six target areas, drilling a total meterage of 590m Diamond Drilling (DD - 5 holes) and 2,541m Reverse Circulation (RC - 38 holes). The Company had 705 Diamond Drilling ("DD") samples and 974 Reverse Circulation ("RC") samples (including QAQC samples) assayed by Intertek in South Africa and Australia.

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