London-listed Pensana has advised that it is on track to re-engineer the Longonjo project, in Angola, to reduce its upfront capital cost to $200-million and complete financial due diligence for main financing of the project in the coming quarter. The redesign will see Longonjo produce a standardised and highly marketable, radionuclide-free mixed rare earth carbonate.
London-listed Pensana has advised that it is on track to re-engineer the Longonjo project, in Angola, to reduce its upfront capital cost to $200-million and complete financial due diligence for main financing of the project in the coming quarter.
To meet the financier’s due diligence requirements, Pensana has re-engaged selected vendors of major and long lead items to provide updated quotations.
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