Market Update

The Company is currently assessing potential rare earths and gold prospects in Africa. The Board has located a number of gold projects in the northern region of Ghana and intends to further evaluate these prospects with a view to both acquiring and applying for licences. The Directors of the Company will notify shareholders as soon as practically possible.

Managing Director, Frederick Bell, commented, ‘While there can be no guarantee the Company will be successful in its endeavours, northern Ghana represents an underexplored region that is attracting increasing attention and offers excellent potential.’

Directors of the Company accept responsibility for the content of this announcement.

                               

--ENDS--

 

ENQUIRIES:

Rare Earths and Metals plc

Frederick Bell,
Managing Director
Tel: 0755 4872 794
This email address is being protected from spambots. You need JavaScript enabled to view it.

John Watkins,
Chairman
Tel: 01483 771992
This email address is being protected from spambots. You need JavaScript enabled to view it.

Peterhouse Corporate Finance Limited Fungai Ndoro and Eran Zucker
Tel: 020 7469 0934