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Share Price: 23.30

Bid: 23.00

Ask: 23.40

Change: -0.45 (-1.90%)

Spread: 0.40 (1.739%)

Open: 23.50

High: 23.90

Low: 23.20

Prev. Close: 23.65

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IN BRIEF: Pensana touts sound progress for Longonjo project

Mon, 04th Mar 2024 21:13

Pensana PLC - magnet metal exploration company, whose subsidiary Ozango Minerais SA owns 100% of the Longonjo rare earth project in western Angola - Updating on the Longonjo project, says concrete foundations have been poured for the 316-person modular camp manufactured in South Africa that is set to despatch later in March. Adds that the on-site team is making good progress with preparatory works ahead of main construction anticipated in May this year, with cold commissioning to start in August 2025. It expects final commissioning in April 2026. Further, Pensana says that an order has been placed with NCP International, a global supplier of new and refurbished comminution equipment based in South Africa, for the USD2.3 million ball mill for delivery from Johannesburg to meet the construction and commissioning timelines for the concentrator plant.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: Pensana touts sound progress for Longonjo project

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