Rift Valley Resources Limited (ASX: RVY) is an active African-focused mineral exploration company. The company has two advanced gold projects in Tanzania, each located in the highly prospective Lake Victoria Goldfields district. The estimated JORC resources currently stand at over 1 million ounces of Gold.
Rift Valley also holds 70% equity in the 3760km² Ozango Project in Angola. The Ozango Project currently has 3 key target areas that are prospective for Copper/Gold/Base Metals (Catabola), Gold (Bongo) and Rare Earth minerals (Longonjo).
A Maiden drilling programme in 2015/2016 at Cassenha Hill within the Catabola prospect area, delivered broad copper mineralisation with background gold credits. Laboratory and Metallurgical test work on the Longonjo rare earth prospect resulted in encouraging beneficiation and extraction of magnet metals Neodymium (Nd) and Praseodymium (Pr). A concession wide stream sediment sampling programme is currently underway and well advanced.
Our team of experienced directors and key personnel are committed and focused on creating exploration success using sound business practices and modern exploration techniques.