Pensana and Angolan Sovereign Wealth Fund review progress at Longonjo project

On 10 January 2024, Pensana plc (LON:PRE) and its local subsidiary Ozango Minerais S.A, welcomed the full board of Directors of the Angolan Sovereign Wealth Fund (FSDEA) to Longonjo for a site inspection. The six members of the Board were accompanied by the head of investment and key analysts of FSDEA.

The purpose of the visit was to review the early-stage construction activities being funded by the US$15 million bridging loan from FSDEA, ahead of conclusion of the main financing.

The Chairman of the Board, Armando Manuel, highlighted the importance of the Longonjo project in the FSDEA investment portfolio. The Chairman was keen to understand where FSDEA can assist in the roll-out of the next phase of key activities on site.

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