Business
Mining Study Update
Mining Study Update.
About this update from Harena Rare Earths Plc
[{"type":"text","content":"\n\n \n6 May 2025\n \nHarena Resources Plc\n \n(\"Harena\" or the \"Company\")\n \nAmpasindava Mining Study Advancing to Unlock Strategic Supply of Magnet Metals\nHarena (LSE:HREE) is pleased to report that Pre-Feasibility study work is progressing at pace on its 75% owned Ampasindava Rare Earths Project in Madagascar. Initial work on the mining plan is well advanced and will underpin subsequent cost and logistics modelling ahead of the next phase of project development. \nThe urgency of this work is reinforced by escalating geopolitical tensions and export controls around critical rare earth elements (\"REEs\"). This has sharpened international focus on securing independent supply specifically of strategically important critical magnet metals Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy) and Terbium (Tb).\nThis study work is the critical path item towards achieving the Company's goal of developing an environmentally responsible, and geopolitically neutral supply of magnet metals to feed the global defence, energy, and technology sectors and forms the foundation for progressing a full Mining Licence application under the 2023 Madagascar Mining Code - a key milestone toward near-term development.\nHighlights:\n· Mining Study underway following integration of extensive historical geological and resource data.\n· Pre-Feasibility Study (PFS) on track for submission to the Mining Cadastre Office (\"BCMM\") in Q3 2025.\n· Project Design Philosophy completed - focused on near-surface high-grade zones, reagent efficiency, and low-impact processing.\n· Study incorporates all prior Exploration, Metallurgical and Mineral Resource results compiled by SGS Canada, assessed against working plan for open cut, heap leach processing operation.\n· Onsite environmental and social screening work to commence with appointment of a Malagasy consultant.\n· Appointment of the Environmental Project Lead is planned for late May 2025\n \nJoe Belladonna, Managing Director, commented:\n\"We are moving decisively to advance the Ampasindava project forward as quickly as possible, especially given the current backdrop of geopolitical tensions with regard to trade tariffs and tightening export controls aroun...