Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

In the News - Pensana Metals — A World-Class Rare Earths Mine in the Making

% of readers think this story is Fact. Add your two cents.


Pensana Metals — A World-Class Rare Earths Mine in the Making - (ASX: PM8)

We have just returned from a site visit to the world-class rare earths deposit at Longonjo in Angola, 84%-owned by Pensana Metals. The project is particularly interesting for its high grades of neodymium and praseodymium (NdPr); commodities which are critical in the development and growth of electric vehicles (EVs), while its location is exceptional; close to modern road, rail, and power infrastructure, which link to a new port development in Angola.

Critical stage of development: Pensana Metals is an Australian-listed junior mining company but plans to undertake a listing on the Main Board of the London Stock Exchange by the end of 2019. We visited the site with management because the project is reaching a critical stage of its development. It is nearing completion of an intensive year-long exploration programme and as a result has announced a significant resource expansion and is shortly expected to release an important pre-feasibility study (PFS).

Rare earth elements (REE): These are an exciting commodity group involved in environmental protection, improving energy efficiency, and enabling digital technology, making them critical in a rapidly growing and developing world. Of particular interest to Pensana Metals are NdPr which are used in permanent magnets which go in to electric motors and generators and are important in many ‘green’, carbon reducing technologies.

A play on the growth of electric vehicles: NdPr permanent magnets are more powerful than alternatives and so provide improved performance for a smaller size, which has led to many miniaturised applications. The largest use of NdPr magnets is in electric motors, and particularly for drive motors in EVs, but also in micro motors and sensors in vehicles, as well as generators in wind turbines. This makes NdPr, and Pensana Metals, an interesting play on the growth of electric vehicles and the developing low carbon economy.

Project being fast tracked to production: There are a number of late-stage REE exploration projects being developed, but importantly we believe that Longonjo will be one of the first to market in the near term for a number of reasons; not only because of the quality and size of the orebody and the enviable location close to critical established infrastructure, but also because the initial indications are for a high margin operation and because the proposed NdPr concentrate export strategy avoids the excessive capital cost of downstream processing planned at most other projects.

Our visit has increased our confidence: in the quality of both the resource and the management; in the stability of Angola and the credibility of its officials to see this project progress; and in the real potential of this project to be fast tracked to a profitable operation.

Story by ProactiveInvestors



Source: https://www.proactiveinvestors.com/companies/news/902670/in-the-news----pensana-metals--a-world-class-rare-earths-mine-in-the-making-902670.html

Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at www.mitocopper.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver!  Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!  
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)


FINAL WARNING!   Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!   APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  

APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.

Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.