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Company News
Pensana gets all clear from Angola to begin work at rare earths project
Pensana Rare Earths (ASX: PM8) has received Angola government approval to begin operations at the Longonjo rare earths project, which will supply magnet elements neodymium and praseodymium. Angolan President João Lourenço has approved a mining title for Pensana subsidiary Ozango Minerals, with the title being renewable for up to 35 years. Pensana describes the Longonjo […]
Pensana Metals’ Longonjo REE feasibility indicates up to $2.73bn in gross revenue
Pensana Metals (ASX: PM8) has unveiled a pre-feasibility study for its Longonjo rare earth neodymium and praseodymium project in Angola, which indicates high-case gross revenue of $2.73 billion over nine years. The study estimates capital expenditure of US$131 million would be required to build a 2 million tonne per annum processing plant that would generate […]
Pensana Metals unveils ‘huge upgrade’ to Longonjo REO resource, as market slips into shortfall
Rare earth explorer Pensana Metals (ASX: PM8) has unveiled a “huge upgrade” to its Longonjo resource – propelling the deposit to what the company claims as “top of the world league”. Resources for the Angola project now total 240 million tonnes at 1.60% rare earth oxides (including 0.35% neodymium and praseodymium) for 3.85Mt rare earth […]
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