Rift Valley Resources Limited has published a maiden JORC Mineral Resource Estimate (MRE) for the Company’s 70% owned Longonjo Magnet Metals Project in Angola.
Commenting on the maiden MRE, the Company’s Executive Chairman Mr Stephen Dobson said: “The announcement of the MRE is an important milestone in the development of the Longonjo Project as a potential lowcost producer of the “in demand” magnet metal products neodymium and praseodymium oxide. These excellent results will drive the company’s strategy to a development path with all potential options considered that will increase shareholder value. The company’s Australian and European shareholder base is well positioned to provide considerable support both corporately and financially moving forward as the company develops and exploits it’s magnet metals, copper and gold assets. The Company looks forward to announcing positive results from the ongoing Scoping Study in November in conjunction with the upcoming drilling results from the Cassenha Hill copper project”.