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Share Price: 23.50

Bid: 23.70

Ask: 24.00

Change: -0.15 (-0.63%)

Spread: 0.30 (1.266%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 23.65

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IN BRIEF: Pensana receives positive results from Coola, Sulima surveys

Mon, 11th Mar 2024 14:07

Pensana PLC - rare metals exploration company focused on its magnet metals projects in Angola - Says that geophysical surveys conducted at its Coola and Sulima West exploration programmes in Angola in late 2023 revealed promising anomalies. Testing at Coola, in which Pensana holds a 90% interest, confirmed a 900 metre-diameter carbonatite ring dyke with a similar scale to the company's flagship Longonjo project. Sumila West showed "strong anomalies" of high-grade total rare earth oxide mineralisation. Pensana says that samples from both projects will be tested before being trucked to Longonjo for processing.

Current stock price: 29.61 pence per share, down 1.8% in London on Monday

12-month change: down 51%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: Pensana receives positive results from Coola, Sulima surveys

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