Media, page-1259

Throw this in the mix and the PEAK will be for many years 7465 square kilometers of prospecting in a mineral rich area.

PENSANA GRANTED NEW RARE EARTH PROJECT

The new Coola Project contains several immediate and well defined targets with early stage exploration initiated recently.

• Two carbonatite complexes, Coola and Monte Verde, are confirmed as mineralised through academic work identifying NdPr rare earth mineralisation in rock samples
• Coola and Monte Verde have never commercially evaluated and a significant portion of each lie beneath shallow soil
• Five additional alkaline intrusive complexes, geological systems prospective for heavy and other rare earths are identified within the licence area
• A further five strong geophysical anomalies that could reflect additional carbonatite or alkaline complexes

The large project covers an area of 7,456 square kilometres is well located just 16 kilometres from the Longonjo Project and close to established road and rail infrastructure that leads to the Atlantic port of Lobito.