Australian company begins prospecting for rare earths in Angola

11 December 2013

The Australian company Rift Valley Resources will in January begin drilling to search for rare earths in Longonjo, southern Angola, the company has announced in a statement.

Longonjo is the first site in the scope of the recently acquired Ozango project where the company will begin collecting samples for later metallurgical analysis.

Rift Valley Resources recently paid 1.5 million dollars to acquire the entire capital of Sable Minerals Pty Ltd, which holds a 70 percent stake in Angola’s Ozango project.

The project covers an area of 3,670 square km located 70 km from the city of Huambo and potentially contains copper, rare earths and gold, as well as iron ore and tungsten. (macauhub)