Altona reports several achievements at Mozambique project

London-listed Altona Rare Earths recorded several achievements during the six months ended December 31, 2023, including its first Joint Ore Reserves Committee (Jorc) mineral resource estimate (MRE), a scoping study, the increase of Monte Muambe's holding to 51% and a mining licence application, CEO Cedric Simonet points out in its interim results for the period. As mentioned, the group published its first Jorc-compliant MRE at the Monte Muambe rare earths project in Mozambique in September, undertaken by consultancy Snowden Optiro, which included 13.6-million tons at 2.42% total rare earth oxides (TREO) using a cut-off grade of 1.5% TREO.