Pensana Plc advances Longonjo Mine Development, Bolstering Local Infrastructure and Livelihoods

Pensana Plc (LON:PRE) has provided the following update on activities at the Longonjo mine site ahead of main construction.

As previously announced the early-stage development activities are being funded by a US$15 million bridging loan provided by FSDEA (the Angolan Sovereign Wealth Fund) ahead of the main finance.

The significant activities have been the civil works for the camp, the rehabilitation of the access road to the Longonjo railway station and the agricultural demonstration plots under the Livelihood Restoration Programme.

The 4.5 kilometre road linking the site to the Benguela railway line has been upgraded. The enhanced road features include an improved roadbed substructure, a redefined road profile and rapid drainage systems.

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