REE.L

Altona Rare Earths Plc
Altona Rare Earths - Result of AGM
27th November 2024, 14:51
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RNS Number : 9051N
Altona Rare Earths PLC
27 November 2024
 

27 November 2024

 

 

ALTONA RARE EARTHS PLC

("Altona" or "the Company")

 

 

RESULT OF AGM

 

Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, is pleased to announce that all resolutions proposed at the Annual General Meeting held earlier today were unanimously passed on a show of hands.

 

Below is a summary of the proxy votes submitted for each resolution.

 

 

Resolution

For

Against

Withheld

Total*

01

45,470,177

10,610

10,062

45,490,882

02

45,480,226

610

10,013

45,490,882

03

45,480,226

610

10,013

45,490,882

04

45,480,177

610

10,062

45,490,882

05

45,479,781

1,055

10,013

45,490,882

06

45,069,781

411,055

10,013

45,490,882

Total Voting Rights

163,015,866




 

* includes 33 votes at the discretion to the Chairman

 

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Altona Rare Earths Plc

Cédric Simonet, CEO                                                                               +44 (0) 7778 866 108

Louise Adrian, CFO                                                                                +44 (0) 7721 492 922

           

Novum Securities Ltd (Corporate Finance)                                        +44 (0) 20 7399 9400

David Coffman                                                                                                                           

Daniel Harris

 

About Altona Rare Earths Plc

 

Altona is a resource exploration and development company focused on critical raw materials in Africa. The Company is listed on the Main Market of the London Stock Exchange with the ticker "REE". The Company currently holds copper, fluorspar and rare earths projects.

 

The Monte Muambe rare earths and fluorspar projects is located in Northwest Mozambique. The Project was acquired in June 2021, and the Company has so far drilled over 7,800m, and defined a maiden JORC Mineral Resource Estimate of 13.6 million tons at 2.42% TREO. A Competent Person Report including the Scoping Study for Monte Muambe was published on 18 October 2023, and a mining licence is expected to be granted before the end of 2024. The Project is now at Prefeasibility Study stage, with a focus on metallurgical testing for rare earths extraction.

 

The Company is also assessing the possibility of rapidly putting in production high-grade fluorspar veins occurring at Monte Muambe along the western margin of the rare earth bearing carbonatite intrusion.

 

Altona is presently diversifying its portfolio by acquiring a limited number of critical raw material projects to complement Monte Muambe. The acquisitions of the Kabompo South copper project in Zambia and of the Sesana copper-silver project in Botswana, located just 25 km from MMG's Khoemacau Zone 5 copper-silver mine, represent the first steps towards the implementation of this expanded strategy.

 

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