Pensana’s rare earth project PFS shows A$4B in gross revenue

• Pensana Metals has provided promising results of its Preliminary Feasibility Study for the Longonjo NdPr rare earths project in Angola
• With initial capital costs of roughly A$192.7 and strong cashflows from the first year of production, the project is set to be a sustainable operation
• The PFS also highlighted the project could bring up to A$4 billion in gross revenue
• Currently 90 per cent of production of these rare earths comes from China
• However once in production, Longonjo will become a major supplier of neodymium outside China
• Pensana Metals is up 23.5 per cent, with shares trading for 21 cents each

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