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Pensana Metals Ltd.
Summary
| Project: | Longonjo | |
|---|---|---|
| Deposit: | Longonjo | |
| Location: | Angola | |
| Commodities: | Rare Earth | |
| Date: | 11/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-11-2019: Pensana Metals Ltd. announces a Pre-Feasibility Study report for its Longonjo deposit at the Longonjo project. Preliminary Feasibility Study for project. Pensana Metals Ltd (ASX: PM8) is pleased to provide the results of the Preliminary Feasib | |
| Resources: | (Resource, I+I): 226Mt @ 1.47% REO | |
| CP/QP: | [Resources]: Rodney Brown (SRK Consulting (Australasia) Pty Ltd.) | |
| ABSTRACT: | Pensana Metals Ltd (ASX: PM8) is pleased to provide the results of the Preliminary Feasibility Study (‘‘Study’’) for the Longonjo NdPr Project (“Longonjo Project”) located in an infrastructure rich region of Angola. The Study has been coordinated by Wood Group and is based on open pit mining and two‐phase development of a 2 million tonnes per year processing plant and associated infrastructure, producing on average 56,000 tonnes per year of NdPr concentrate for export. The Study supports a sustainable operation with initial capital costs of approximately US$131 million and strong cashflows from the first year of production. | |
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