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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

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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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ASX:PM8
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Pensana Metals' Paul Atherley discusses its 'low capex, fast payback'...

Pensana Metals Ltd's (ASX:PM8) Paul Atherley speaks to Proactive London's Andrew Scott following the release of a preliminary feasibility study on its Longonjo neodymium and praseodymium (NdPr) project in Angola. The study supports a sustainable operation with initial capital costs of...

4 days, 16 hours ago

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