Pensana Rare Earths Plc (ASX:PM8) is a focussed NdPr company listed on the Australian Securities Exchange.
Pensana is developing the Longonjo NdPr Project located 60 km west of Angola’s second largest city of Huambo and only 3 km from the newly upgraded Benguela rail line that runs to the Atlantic port of Lobito.
The current inferred Mineral Resource estimate at Longonjo is now 240 million tonnes at 1.60% rare earths oxides (“REO”) including 0.35% NdPr for 3,850.000 tonnes of REO including 840,000 tonnes of NdPr.
Longonjo ranks as one of the world’s largest and highest grade NdPr deposits at a time when demand for NdPr in electric vehicles is taking off.
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The company has identified a path to early development that aims to position Longonjo as an important supplier of NdPr raw materials to meet demand from the electrification of vehicles.