Pensana Plc

Equities

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GB00BKM0ZJ18

Non-Gold Precious Metals & Minerals

Market Closed - London S.E. Other stock markets 11:35:16 2024-04-26 am EDT			5-day change	1st Jan Change
25.45 ^GBX	-5.74%		+15.95%	+17.28%

Apr. 19	UK’s Pensana Seeks Extension of $15 Million Loan	MT
Apr. 19	Pensana reports discussions for USD15 million loan extension	AN

Pensana receives positive results from Coola, Sulima surveys

March 11, 2024 at 10:08 am EDT

Pensana PLC - rare metals exploration company focused on its magnet metals projects in Angola - Says that geophysical surveys conducted at its Coola and Sulima West exploration programmes in Angola in late 2023 revealed promising anomalies. Testing at Coola, in which Pensana holds a 90% interest, confirmed a 900 metre-diameter carbonatite ring dyke with a similar scale to the company's flagship Longonjo project. Sumila West showed "strong anomalies" of high-grade total rare earth oxide mineralisation. Pensana says that samples from both projects will be tested before being trucked to Longonjo for processing.

Current stock price: 29.61 pence per share, down 1.8% in London on Monday

12-month change: down 51%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Pensana Plc

UK’s Pensana Seeks Extension of $15 Million Loan	Apr. 19	MT
Pensana reports discussions for USD15 million loan extension	Apr. 19	AN
Pensana Provides Update On Fsdea $15 Mln Loan Facility	Apr. 19	RE
Pensana plc Reports the Analytical Results for the Three Trenches and Nine Pits Sampled at Sulima West Laterite During Late 2023	Apr. 04	CI
Pensana Plc Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 28	CI
Pensana receives positive results from Coola, Sulima surveys	Mar. 11	AN
Pensana Reports Interpretation of the Geophysical Surveys Conducted Late in 2023 over the Coola Carbonatite and the Sulima West Laterite Located 75 Kilometres North of the Longonjo Project and of the Commencement of A Bulk Metallurgical Test Work Programme Designed to Test for the Amenability of This Mineralization to Be Processed At Longonjo	Mar. 11	CI
Pensana touts sound progress for Longonjo project	Mar. 04	AN
Katoro formally appoints Power Metal CEO as new non-executive chair	Feb. 29	AN
Pensana Secures $156 Million Loan from the Longonjo Project Consortium	Feb. 26	MT
Pensana up after inking USD156 million Longonjo finance debt facility	Feb. 26	AN
Katoro Gold names Power Metal CEO as new chair	Feb. 15	AN
Inteligo stock enters US market, Kenmare gets new RCF	Feb. 07	AN
Pensana Secures Approval for Longonjo Rare Earth Project's Product Qualification Specifications	Feb. 05	MT
EARNINGS AND TRADING: Gran Tierra ups production, "excited" for 2024	Jan. 24	AN
FSDEA "very satisfied" with progress at Pensana's Longonjo site	Jan. 15	AN
UK's Pensana Nears Start of Longonjo Mine Construction in Angola	Jan. 03	MT
Pensana notes progress in development of Longonjo mine in Angola	Jan. 03	AN
Pensana plc Announces Longonjo Update	Jan. 03	CI
Pensana Plc announced that it has received $15 million in funding	Jan. 02	CI
Pensana signs letter of intent for magnet metal site in Yorkshire	Nov. 20	AN
Pensana to Develop Magnet Metal Facility in Yorkshire Energy Park	Nov. 20	MT
Pensana Plc Announces Letter of Intent with Yorkshire Energy Park for Magnet Metal Site	Nov. 20	CI
Pensana Plc Reports Earnings Results for the Full Year Ended June 30, 2023	23-10-31	CI
Gran Tierra completes offers, Pensana wins grant	23-10-25	AN

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Company Profile

Pensana Plc is a United Kingdom-based rare earth exploration and development company. The Companyâs flagship assets are the Saltend rare earth refinery project in the United Kingdom and Longonjo neodymium and praseodymium (NdPr) Project in Angola. Saltend is an independent, sustainable supplier of magnet metal oxides to a market which is dominated by China. The Longonjo Project lies just four kilometers (km) from the sealed national highway and rail line that runs from the Atlantic Port of Lobito, approximately 300 km to the west and to the provincial capital of Huambo 60 km to the east. Its subsidiaries include Saltend Magnet Metals Limited, Pensana Metals Limited, Carlton Resources Proprietary Limited, Carlton Miyabi Tanzania Limited, Carlton Kitongo Tanzania Limited, and Rift Valley Resources (Africa) Proprietary Limited.

Sector

Non-Gold Precious Metals & Minerals

Calendar

2025-03-26 - Q2 2025 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2545 GBP

Average target price

2.015 GBP

Spread / Average Target

+691.58%

Consensus

Chiffre d''affaires - Rate of surprise

Company calendar

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Rare Earth Minerals