Business
Interim results
Interim results.
About this update from Pensana Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9310T\n Pensana PLC\n 30 March 2021\n \n \n \n \n \n \n \n \n \n \n 30 March 2021 LSE: PRE\n \n \n Pensana Plc\n \n \n (\"Pensana\", \"the Company\" or \"the Group\")\n \n \n \n \n \n Interim results for the six months ended 31 December 2021\n \n \n \n \n \n Pensana announces the interim results (unaudited) for the six months ended 31 December 2020.\n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n · \n Successful listing on main board of London Stock Exchange.\n \n \n · \n Ongoing support from the Angolan Sovereign Wealth Fund via the issue of equity to raise US$8.6 million.\n \n \n · \n Mineral resource upgrade to 313 million tonnes. Initial focus on 33.9 tonnes for business plan.\n \n \n · \n Total comprehensive loss for the period US1,717,491 (31 December 2019: US$2,231,386).\n \n \n · \n Completion of flotation pilot test work programme.\n \n \n · \n Successful generation of high purity mixed rare earth carbonate (\"MREC\") from flotation concentrate.\n \n \n · \n Ongoing detailed design towards early works programme and construction at Longonjo and establishment of the Saltend rare earth separation plant.\n \n \n · \n High grade rare earths in soil samples confirmed at the Coola exploration project located 16 kilometres north of the flagship Longonjo project.\n \n \n · \n Liberum appointed as joint broker to the Company.\n \n \n · \n Appointment of Baroness Northover PC in Nov 2020 and Sandra Bates in August 2020 as Non-Executive Directors of the Company.\n \n \n \n \n \n Post period end\n \n \n · \n Delisting from the ASX and company rebranded to Pensana Plc in February 2021. \n \n \n · \n Planning application submitted for the establishment of a rare earth oxide separation facility at the Saltend Chemicals Park, Humbe...