Pensana's promising PFS

LONDON-based Pensana Metals has released the results of its preliminary feasibility study for the 84%-owned Longonjo rare earths project in Angola, concluding that for US$131 million there is a viable African export project to be had, with strong cashflows from the first year and free cashflow from year two.

Pensana's promising PFS Pensana's promising PFS Pensana's promising PFS Pensana's promising PFS Pensana's promising PFS

Pensana's pilot was successful.

Depending on the prevailing price for neodymium and praseodymium concentrates, payback is estimated at between 11-17 months, with an internal rate of return between 64-129% and gross revenue of

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