12 November
2021
ALTONA RARE EARTHS
PLC
(“Altona” or “the Company”)
APPOINTMENT OF
NON-EXECUTIVE DIRECTOR
Altona (AQSE: ANR.PL), an exploration company focused on the
evaluation and development of Rare Earths mining projects in
Africa, is pleased to announce it
has appointed Hilton Banda as a
Non-Executive Director with immediate effect.
Hilton (aged 35) is a qualified geologist and Group Chairman of
Akatswiri Holdings Limited in Malawi, the parent company of a number of
resources focused companies including, Akatswiri Rare Earths Pvt
Ltd, in which the Company acquired a majority interest, on
21 October 2021.
Hilton gained his Bachelor of Science in Geology from University
of Malawi in 2010. He is a
well-regarded geologist who is deeply involved in the resources
sector in Malawi and has been a
speaker at several international mining summits. He has undertaken
several international professional training programmes in
Australia and China, including Sustainable Mining, Decision
Makers on Geothermal Management and Seismology and Earthquake
Engineering.
He has contributed to a number of mineral exploration projects
in Malawi, including basic field
survey for hydrocarbons, rare earth minerals, gold and heavy
mineral sands, as well as environmental impact assessment
projects.
Hilton and his team have commenced the pre-exploration
groundwork in the Chambe Basin area, at Altona’s REE mining project
in Southern Malawi, through a
number of exercises, key amongst them are an environmental
initiative for local stakeholders and a Covid-19 education
programme, which includes the distribution of protective face masks
and hand-sanitisers in local villages, schools and food
markets.
Christian Taylor-Wilkinson,
Interim CEO of Altona, commented, “We welcome Hilton to the
board of Altona. His many years’ experience and the level of
respect he has earned within Malawi’s mining industry through his
geologist work across a variety of different mining projects
provides Altona with a highly credible and knowledgeable in-country
director.”
-ends-
Regulatory disclosures
Hilton Banda is or has during the
last five years, been a director or partner of the following
companies and partnerships:
Current
directorships/partnerships |
|
- Akatswiri Holdings Ltd
- Akatswiri Rare Earths Pvt Ltd*
- Akatswiri Logistics*
- Akatswiri Farms and Properties*
- Global Geo-Exploration Ltd*
- S&A Resources Ltd*
|
|
*subsidiaries of Akatswiri Holdings Ltd
“There is no further information regarding Hilton Banda that is required to be disclosed
pursuant to Appendix 1, Table A, paragraph 5.1.2 of the AQSE
Exchange Growth Market - Rules for Issuers.”
For further information, please visit www.altonaRE.com or
contact:
Altona Rare Earths Plc
Christian Taylor-Wilkinson, Chief
Executive
+44 (0) 7795 168 157
Martin Wood, Non-Executive
Chairman
+44 (0) 7880 787 080
Alfred Henry Corporate Finance Ltd (AQSE Corporate
Adviser )
Jon Isaacs / Nick
Michaels
+44 (0) 20 3772 0021
Optiva Securities (Broker)
Daniel
Ingram
+44 (0) 20 3411 1882
Company Information
Altona Rare Earths Plc is a mining exploration company focused
on the evaluation, development and extraction of Rare Earth Element
(REE) metals in Africa. It owns two REE mining projects in
Africa; the Monte Muambe Project,
a significant Light REE mining project in southwest Mozambique, where exploration work commenced
on 1 October 2021 and the Chambe Rare
Earths Project, a Heavy REE mining project in Southern Malawi, which it acquired on
21 October 2021.