Pensana progressing activities at Angola project

London-listed Pensana has made significant strides at the Longonjo mine site in Angola ahead of main construction starting later this year.

The company is currently busy with 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 early-stage development activities are being funded by a $15-million bridging loan provided by Angolan sovereign wealth fund Fundo Soberano de Angola ahead of the main finance.

Pensana plc (LON:PRE) explores and mines neodymium, praseodymium, and rare earth minerals. The Company’s flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola.

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