Altona Rare Earths Plc (LSE:REE) has announced major exploration progress at its Monte Muambe project in Mozambique, including the identification of three new fluorspar targets and significant gallium mineralisation at the Python target. These findings mark an important step in the company’s efforts to expand its resource base and strengthen its role in the critical raw materials sector.
In response to the discoveries, Altona is expanding its drilling program to further assess the potential of the newly identified zones. The operational update highlights the company’s strategic focus on developing high-grade fluorspar veins and evaluating the recovery of gallium as a by-product — a move that aligns with growing market demand for essential industrial commodities.
More about Altona Rare Earths Plc
Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on critical raw materials across Africa. Its diversified asset base includes the Monte Muambe Project in Mozambique, which hosts rare earths, fluorspar, and gallium mineralisation, as well as the Sesana Copper-Silver Project in Botswana. The company’s strategy emphasizes advancing projects with strong monetisation potential and long-term growth opportunities.
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