London-listed Pensana has confirmed more high-grade anomalies of rare earths, scandium and fluorite at its Coola licence, which is located 16 km north of the company’s Longonjo rare earths project, in Angola.
The company embarked on further exploration activity in the third quarter of last year, after discovering technology metals in soils on the Coola licence in 2020. Encouraging results have been reported from the Coola carbonatite and the Sulima West deposit.
Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The company is looking to establish the world’s first fully sustainable magnet metal rare earth oxide producer at the Saltend Chemicals Park in the Humber Local Enterprise Partnership Yorkshire, UK.