Altona Rare Earths - Operational Update

Altona Rare Earths PLC is pleased to share an operational update on the scoping study for the short-term development of a fluorspar mine at Monte Muambe in Africa. Field activities have been completed, with a 300kg ore sample taken for testing and evaluation by potential buyers, with results expected in Q1 2025.<br/><br/>The study aims to produce 15,000 to 20,000 tons of fluorspar per year, with a simple beneficiation process expected to involve crushing and gravity concentration. The company sees the project as a fast-track opportunity with potential for commercial sales within 12 months of an investment decision.<br/><br/>CEO Cedric Simonet highlights the potential cash inflow from this project and how it aligns with the company's diversification strategy, alongside their other promising exploration assets. This represents an excellent opportunity for revenue generation for the Company.<br/><br/>Investors are welcome to ask any questions or seek clarification on this exciting development for Altona. For more detailed information, please visit our website.