Pensana Excited By High Grade NdPr Potential At Longonjo
Mining investment news, insights, and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Mining Masters: Inside Investment Strategies
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • Feature in The Assay
  • Book an Interview
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Mining Masters: Inside Investment Strategies
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • Feature in The Assay
  • Book an Interview
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home News

Pensana Excited By High Grade NdPr Potential At Longonjo

Drill Holes Intersected Higher NdPr Grades Than Expected

byColin Sandell-Hay, Contributor - The Assay
5 years ago
Reading Time: 2 mins read
Pensana Excited By High Grade NdPr Potential At Longonjo

Pensana Metals Ltd (ASX: PM8) believes there is an opportunity to significantly grow its Longonjo NdPr (Neodymium and Praseodymium) Project in Angola on the back of new drilling results.

The company has received the assay results received from the first 16 holes of the 7000m infill and extension drilling programme at Longonjo and they havr identified further high grade weathered mineralisation from surface over an area extending 250m by 450 m immediately to the west of the current pit design.

Executive Director Dave Hammond said the results demonstrate the potential to extend the weathered zone mineralisation and the mine life in the recently reported Preliminary Feasibility Study.

Interestingly, several of the infill drill holes intersected higher NdPr grades than estimated by the current Mineral Resource estimate block model in this area.

“This is a great start to the DFS drilling programme and these initial results confirm the continuous and consistent nature of this weathered blanket style of mineralisation from surface,” Mr Hammond said.

“We expect to be able to upgrade significant amounts of currently Inferred Mineral Resource to the higher Indicated JORC category, thereby extending the current mine life with further studies.

“We look forward to reporting many more results from this large drilling programme that will include the testing of some potentially high-grade targets, extensions to the known mineralisation and an area of high grade fresh rock hosted mineralisation that could add a further dimension to the project.”

The current drilling programme is designed to convert more of the Longonjo weathered zone Inferred Mineral Resource estimate into Measured and Indicated Mineral Resource and then into Proved and Probable Ore Reserves on completion of further technical studies for financing purposes. An updated Mineral Resource estimate is expected in May 2020.

Mr Hammond said the programme is expected to lead to an increase of the current mine life of nine years as indicated by the November 2019 Preliminary Feasibility Study.

Drilling will also test several high grade targets, which have the potential to provide sources of high grade NdPr material and also drill into the fresh material immediately underlying the shallow weathered zone in the current mine plan.

Samples from a further 41 drill holes have been despatched for analysis and drilling operations have recommenced on site after the Christmas and New Year holiday period.

Mr Hammond said the company plans to mobilise a second drill rig this month is expected to be completed in March to support a revised Mineral Resource estimate by May 2020.

Tags: AfricaAngolaNdPr
TweetShareSend
Previous Post

Investment strategies panel: Macro-outlook for the mining industry in 2020

Next Post

Mirasol To Search For Inca Gold In Northern Chile

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay is a multi-award-winning mining journalist and investor relations specialist with a major focus on the resources sector. He has 48 years of editorial and public relations experience, with more than 30 of those in business and resources media. His in-depth, technical knowledge was recognized in 2010 when he was presented with the coveted APPEA JN Pierce Award as the leading petroleum journalist in Australia. Colin is currently a freelance news editor and features writer for The Assay.

Related Posts

Strategic Mine Finance: Managing New Risk and Financing Solutions to Boost African Projects
Panels & Presentations

Strategic Mine Finance: Managing New Risk and Financing Solutions to Boost African Projects

byThe Assay
20 March, 2025
African Exploration Panel: Uncovering the Vast Opportunities for Exploration Across the Continent
Panels & Presentations

African Exploration Panel: Uncovering the Vast Opportunities for Exploration Across the Continent

byThe Assay
4 March, 2025
Theo Acheampong, ECFR - 121 Mining Investment Cape Town February 2025
In Discussion

Unlocking Africa’s Potential: Sustainable Industrialization and Integrated Metals Value Chains Across the Continent

byEleanor Laurence - Content Producer, The Assay
3 March, 2025
Critical Minerals Panel: Africa’s Essential Role in the Energy Transition
Panels & Presentations

Critical Minerals Panel: Africa’s Essential Role in the Energy Transition

byThe Assay
28 February, 2025
Lerato Mataboge, DTI, Republic of South Africa - 121 Mining Investment Cape Town February 2025
In Discussion

Implementation of the African Continental Free Trade Agreement and Growth of African sustainable development

byEleanor Laurence - Content Producer, The Assay
27 February, 2025
The Growing Greenof African Mining Today
Analysis

The Growing Green of African Mining Today

byKatie Gordon, Associate Editor - The Assay
20 February, 2025
Next Post
Mirasol To Search For Inca Gold In Northern Chile

Mirasol To Search For Inca Gold In Northern Chile

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Popular Articles

  • Rhodium: The World’s Priciest Metal Explained

    Rhodium: The World’s Priciest Metal Explained

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Iron Ore

    0 shares
    Share 0 Tweet 0
  • Underground Mining Guide

    0 shares
    Share 0 Tweet 0
  • What is Strip Mining?

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2025 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Mining Masters: Inside Investment Strategies
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • Feature in The Assay
  • Book an Interview
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2025 The Assay