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Pensana hits high grade rare earth intersections in drilling at Longonjo

Pensana continues to work towards a pre-feasibility study at Longonjo

Drill rig in Angola

Pensana Metals Ltd (ASX:PM8) has hit high grade intersections at the Longonjo neodymium-praseodymium project located in an infrastructure-rich region of Angola.

The diamond drill infill programme has confirmed previous reverse circulation drilling results in an area of mineralisation which is the focus of the pre-feasibility study due in September.

WATCH: Pensana Metals announces substantial resource expansion and welcomes new CEO

Particularly high grades of neodymium-praseodymium oxide (NdPr) were intersected from surface. In addition, high grade fresh rock mineralisation was intersected over a large area immediately below the weathered zone.

Among the better intercepts were 12 metres at 11.6% REO (rare earths oxides) including 1.82% NdPr from surface, 10 metres at 9.13% REO including 1.53% NdPr from surface and 22 metres at 5.40% REO including 1.09% NdPr from surface.

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Price: 0.185 AUD

Market: ASX
Market Cap: $28.3 m

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Pensana Metals Ltd - Proactive Mining Capital conference

Pensana Metals Ltd's (ASX:PM8) Paul Atherley presents to investors at the Proactive Mining Capital conference in London. Pensana's continuing to progress site activities and overall project development and financing of the Longonjo NdPr (neodymium and praseodymium) project in Angola.

1 week, 4 days ago

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