Pensana Plc - Main Construction Commences at Longonjo
THIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION
("Pensana" or the "Company")
Main Construction Commences at Longonjo
Pensana (PRE.LSE) is pleased to announce that following FSDEA's deployment of
The project team, under the leadership of Project Director
The preparatory site works completed earlier this year has enabled a streamlined construction program. The main contractor Grupo Nov has been mobilized and is expanding its workforce to over 100 on-site personnel with additional earth-moving equipment en-route to complete the terracing in the production plant area.
"The commencement of main construction activities is a pivotal moment for the project which has been six years in the making. Early momentum has been established under the leadership of our on-site team headed by (Country Manager)
About the Project team
-- MCC / Owners teamis a leading project management team with a track
record of delivering projects across Africa including Angola .
-- Pro-Processare hydrometallurgical specialists with expertise in
delivering modular process plants throughout Africa .
-- ADP (Lycopodium)ADP African minerals specialist in detailed design
construction and commissioning of modular mineral processing plants with
extensive experience in Angola .
-- Grupo Novare Angola based specialists in design, construction and
management including engineering, environment, hydraulic works,
rehabilitation of buildings, dams and maritime works.
-- SRK is a global firm specialising in geotechnical services for mining,
civil, and environmental projects. They focus on soil and rock behaviour
to support safe, efficient design of foundations, offering expert
analysis and practical solutions for complex ground conditions.
-- Eriez is a global leader in separation technologies, renowned for its
advanced flotation systems. The flotation columns supplied will play a
crucial role in the beneficiation of rare earth elements, enabling
efficient separation and concentration of valuable minerals.
-- MIP Global specializes in high-performance thickening solutions for the
mining and minerals processing industry. Their thickeners will be
integral to the dewatering process, ensuring optimal recovery of process
water and reducing environmental impact.
-- BMS Engineers is known for its cutting-edge membrane technologies. The
nano filtration units will be used to purify process water and recover
valuable reagents, contributing to the sustainability and efficiency of
the plant's water management system.
-- DryTech Holdings is a specialist in thermal processing equipment. The
kiln and cooler systems provided will be used in the thermal treatment
of rare earth concentrates, a critical step in enhancing material purity
and preparing feedstock for downstream processing.
-- Clark Solutions brings extensive experience in the design and supply of
acid plants for industrial applications. The acid plant will support the
hydrometallurgical processing of rare earths, providing essential
reagents for leaching and separation processes.
-- NCP Internationalare specialists in the manufacture and supply of
comminution equipment to the mining industry.
About Longonjo
Pensana has spent over
The Company has successfully delineated a near surface JORC compliant reserve of 22 million tonnes grading 3.04% TREO containing 139,457 tonnes of NdPrO making it one of the world's largest and highest grade, undeveloped magnet metal rare earth deposits with a mine life of over 20 years.
The electrification of motive power is arguably the biggest energy transition in history and needs rare earths for permanent magnets.
Initial production will be 20,000 tonnes of a highly marketable clean MREC. A proposed second phase expansion will see production increase to 40,000 tonnes per annum of MREC representing around 5% of the world's production capable of being converted into permanent magnets for electric vehicles and offshore wind turbines.
The Company is committed to developing the Longonjo mine to the very best international standards with the highest level of community engagement and have published a blueprint for sustainable rare earth development which is available on our website. Pensana_Blueprint_for_Sustainable_Rare_Earths.pdf
The team's efforts were recognised in 2022 when Pensana received green bond assurance by S&P Green Bond Rating Agency CICERO and more recently, were awarded a
The NdPr products produced from the mine have the potential to displace up to 10 million tonnes of harmful greenhouse gas emissions over the life of mine, through application in magnets in green technology such as wind turbines and electric vehicles
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
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