Pensana site preparation works well underway at Longonjo

Pensana plc (LON:PRE) has provided the following update on the Longonjo project:

Concrete foundations have been poured for the 316-person modular camp manufactured in South Africa for despatch to site later this month.

The on-site team, under the leadership of experienced Project Manager Kevin Botha, is continuing to make good progress with preparatory works ahead of main construction anticipated in May 2024, with cold commissioning commencing in August 2025.

An order has been placed with NCP International, a global supplier of new and refurbished comminution equipment based in South Africa, for the US$2.3 million ball mill for delivery from Johannesburg to meet the construction and commissioning timelines for the concentrator plant.

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Pensana plc

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23rd January 2025

Pensana Plc (LON:PRE) secures financing for Longonjo rare earth project with Absa Bank approval. Chairman Atherley expresses gratitude for this milestone.

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Rare-earth elements (REEs) play a critical role in a range of high-tech devices, from smartphones and digital cameras to computer hard disks and electronic displays. They are also vital to clean energy initiatives and defence technologies,

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Earlier this month, Geraldine Tchimbali, Country Manager, presented the Longonjo Project at the “Conferência Científica” in Huambo. During her presentation, she emphasised the substantial socioeconomic benefits that the US$217 million investment will bring to the region.

The unique qualities and future potential of Rare-Earth Elements

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The unique properties of rare-earth elements (REEs) make them critical to many high-tech applications. Despite the misleading name, these elements are not particularly scarce in the Earth’s crust, though they are typically found in low concentrations.

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