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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-ends-
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.