Altona Rare Earths 10/31/2024 Earnings Report

Altona Rare Earths EPS Results

• Actual EPS: -GBX 1.97
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Altona Rare Earths Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Altona Rare Earths Announcement Details

• Date: 10/31/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Altona Rare Earth (LSE: REE) is a resource exploration and development company, specializing in Critical Raw Materials exploration and development in Africa. The Company is currently involved in copper and silver exploration at the Sesana project in the Kalahari Copper Belt of Botswana, in rare earths exploration at the Monte Muambe project in Mozambique, and is also assessing the possibility to rapidly develop a fluorspar mining operation, also at Monte Muambe. Monte Muambe, a significant REE mining project, is a carbonatite-hosted REE deposit. It is located in Tete Province, Northwest Mozambique, a mature and safe mining region of Africa, with excellent infrastructure. The project has so far shown characteristics that are favourable to the fast-tracked development of a low strip ratio open-pit mining operation, in particular the right size and grade. Since June 2021 Altona has drilled over 7,800m at Monte Muambe. In September 2023 the Company published a maiden JORC Mineral Resource Estimate of 13.6 million tonnes at 2.42% TREO, and in October a Scoping Study. The project is now entering the Prefeasibility Study stage. A Mining Concession (mining licence) was recently granted and is valid until 2049. Monte Muambe also holds fluorspar resources, and the Company has recently discovered Gallium occurrences which are currently being assessed. Altona Rare Earths (LON:REE) is headquartered in London and operates across Africa, where it uses its position on the ground to continually assess new high-quality Critical Raw Materials exploration and mining opportunities.