Pensana PLC (LSE: PRE)

Announced an Ore Estimate Report for their Longonjo and Saltend operations prepared by Snowden Optiro.

The Longonjo rare earths deposit is located within the Longonjo municipality of Huambo Province, approximately 60 km west of the provincial capital of Huambo in central Angola.

Pensana Plc groundbreaking ceremony.

Pensana PLC	LSE: PRE
Stage	Development
Metals	Rare Earth Elements
Market cap	£134 million @54p
Location	Yorkshire, UK.

Pensana Plc Release of Ore Estimate Report

23/09/2022 7:00am

UK Regulatory (RNS & others)

 
TIDMPRE 
 
23 September 2022 
 
                 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
                                  Pensana Plc 
 
                         ("Pensana" or the "Company") 
 
      Release of Ore Estimate Report for Longonjo and Saltend Operations 
 
Pensana is pleased to announce the completion of the Ore Reserve Estimate 
undertaken by Snowden Optiro over both the Longonjo and Saltend operations in 
support of a 20 year life of mine ('LOM"). 

The full Ore Reserve Estimate report is available on the Company's website HERE
 
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About Snowden Optiro 
 
Snowden Optiro has developed an internationally recognised system for the audit 
and evaluation of Ore Reserve estimates and the assessment of compliance to 
JORC, SOX and other international standards. The system identifies the level of 
compliance to industry best-practice and provides a risk-based series of 
actions required to address the desired levels of compliance. 
 
Snowden Optiro's mining engineers have experience in all facets of mining 
engineering both open pit and underground, from the optimisation of the ore 
body, to the planned mine design and scheduling of complex grade constraints to 
the life of mine plan development and financial modelling. Their international 
operational experience in large and small open-pit and underground mines covers 
a wide range of commodities and operation types including conventional strip 
mining to deep level underground alongside Corporate and Transaction Services 
which include identification, due diligence review, analysis and valuation of 
mining assets or companies. 
 
For more information visit: https://snowdenoptiro.com 
 
The information contained within this announcement is considered by the Company 
to constitute inside information as stipulated under the Market Abuse 
Regulations (EU) No.596/2014. Upon the publication of this announcement via a 
Regulatory Information Service, this inside information will be considered to 
be in the public domain. The person responsible for arranging for the release 
of this announcement on behalf of the Company is Paul Atherley, Chairman. 
 
- ENDS - 
 
For further information, please contact: 
 
Shareholder/analyst enquiries: 
 
Pensana Plc 
 
Paul Atherley, 
Chairman

To read the full news release, please click HERE

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