Altona Rare Earths (LSE: REE) has announced encouraging assay results from fluorspar ore
samples collected at the Monte Muambe fluorite zone, with an average of 88.03% CaF2.
Cedric Simonet, CEO of Altona, commented, “I am very pleased with these assay results which, as
far as CaF2 grade is concerned, exceed our expectations. With the fluorspar production scoping study
in progress, and the mining licence in place, we are getting closer to our objective of producing
15,000 to 20,000t of fluorspar per year from Monte Muambe’s fluorite zone in the short term.”
In late October 2024, Altona collected and crushed a 300kg representative fluorspar ore sample
from the Fluorite Zone, a high-grade fluorspar deposit located along the Western margin of the
Monte Muambe rare earths bearing carbonatite, within mining licence 11854.
The samples received minimal processing (removal of approximately 5% by weight by manually
discarding visibly low-grade material) before being submitted to Intertek, an experienced
laboratory which routinely assays commercial fluorspar exports from South Africa.
The CaF2 grade of separate assays on three sub-samples averaged 88.03%. The assays also indicated the presence of, on average: 6.16% Fe2O3, 0.97% SiO2, 0.49% Al2O3, 1.08% P2O5, 1.62% SrO, and less than 0.36% CaCO3.
These results support the company’s optimism in the potential to produce a metallurgical grade
or possibly even an acid grade fluorspar product from this ore.
The company continues to discuss potential off taking terms with various trading houses who have been encouraged by these results.
To find out more, please visit www.altonare.com
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