Pensana Rare Earths Plc (PM8:ASX)

Company Overview

Pensana Metals Limited, formerly Rift Valley Resources Limited, is an Australia-based mineral exploration company. The principal activity of the Company is exploration for gold in Tanzania and rare earths, gold and copper in Angola. The Company's segments include Tanzania and Angola. The Company's projects include Kitongo project, Miyabi Gold project and Ozango project. The Kitongo gold project is located approximately 90 kilometers south of Mwanza within the Lake Victoria Goldfields of Tanzania. The Miyabi Gold project is located approximately 200 kilometers southwest of the city of Mwanza in the Lake Victoria Goldfields of western Tanzania. The Miyabi property comprises a coherent block of prospecting licenses and prospecting license applications totaling over 395 square kilometers in area that covers the bulk of the Miyabi greenstone belt. The Ozango project is located approximately 520 kilometers southeast of Luanda and centered over 70 kilometers to the west of Huambo.