Pensana reveals promising results in Angola magnet metals projects

Pensana, the rare metals exploration company focused on its magnet metals projects in Angola has said that geophysical surveys conducted at its Coola and Sulima West exploration programmes in Angola in late 2023 revealed promising anomalies.

Testing at Coola, in which Pensana holds a 90% interest, confirmed a 900 metre-diameter carbonatite ring dyke with a similar scale to the company’s flagship Longonjo project. Sumila West showed ‘strong anomalies’ of high-grade total rare earth oxide mineralisation.

Pensana says that samples from both projects will be tested before being trucked to Longonjo for processing.

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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Pensana plc

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