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NeoTerra is presently carrying out advanced metallurgical studies to refine the process plant design and operation parameters. The Company is looking at a final investment decision in late 2026 or early 2027, and at starting mine construction in 2027.

The anticipated size and relative simplicity of this project lends itself to fast-tracking, with potential for commercial sales within 12 months of an investment decision.

At Monte Muambe, fluorspar occurs mostly along the circular contact between the carbonatite intrusion and its host rock.

In May 2026, NeoTerra published a JORC MRE of 

, as well as a separate exploration target of 

These resources back the Company's plans to develop a 

50,000 tons per year acid grade fluorspar mine.

In addition, NeoTerra as recently identified the 

presence of heavy rare earths enriched mineralisation 

in direct association to the fluorspar ore. NeoTerra is currently assessing their recoverability as a by-product of fluorspar.

Short-term high-grade fluorspar mining opportunity

Date	Headline

Monte Muambe Fluorspar Project News