Announcement PDF RNS Number : 2611S Altona Rare Earths PLC 03 November 2023 RNS Reach 03 November 2023 ALTONA RARE EARTHS PLC ("Altona" or "the Company") Initiation of research by Allenby Capital Altona Rare Earths (LSE: REE), a resource exploration and development company focused on Rare Earths in Africa, is pleased to announce the initiation of research by Allenby Capital Limited, one of the Company's joint brokers. The research is available on Allenby Capital's website here. -endsAltona Rare Earths Plc Cedric Simonet, CEO +44 (0) 7778 866 108 Christian Taylor-Wilkinson, Business Development +44 (0) 7795 168 157 Novum Securities Ltd (Corporate Finance) +44 (0) 20 7399 9400 David Coffman Daniel Harris George Duxberry Allenby Capital Ltd (Joint Broker) +44 (0)20 3328 5656 Kelly Gardiner / Guy McDougall (Sales) Nick Athanas (Corporate Finance) Optiva Securities (Joint Broker) +44 (0) 20 3411 1882 Daniel Ingram Yellow Jersey PR (Financial PR) Sarah Hollins Annabelle Wills Soraya Jackson About Altona Rare Earths Plc +44 (0) 20 3004 9512 Altona is a resource exploration and development company focused on Rare Earths in Africa. The Company is listed on the Main Market of the London Stock Exchange. Rare Earths are a group of 17 chemical elements, many of which are critical to the World's ongoing transition from carbon-based to renewable energies, and to the defence and communication sectors. The Company currently focuses on the development of Monte Muambe, its flagship Magnet Rare Earths Project, located in Northwest Mozambique. The Project was acquired in June 2021, and the Company has so far drilled over 7,800m, and defined a maiden JORC Mineral Resource Estimate of 13.6 million tons at 2.42% TREO. A Competent Person Report including the Scoping Study for Monte Muambe was published on 18 October 2023. The Project is now entering its Prefeasibility Study stage. Altona continues to take advantage of its position in Africa to assess other possible Rare Earths opportunities on the Continent. This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END NRAEANFAEAKDFFA