Pensana PLC is advancing one of the world's largest undeveloped rare earth mines – the Longonjo neodymium-praseodymium (NdPr) mining project in western Angola.
At full production, Longonjo is expected to produce ~5% of the world production of NdPr in the form of an exported mixed rare earth carbonate.
The upfront capital cost of US$200 million for the fully permitted mine and processing facilities is amongst the lowest amongst its peers making Pensana highly competitive.