Rift Valley Resources Limited (ASX: RVY) is an active Angolan-focused mineral exploration and development company.
Rift Valley holds 70% equity in the 3760 km² Ozango Project in Angola. The Ozango Project currently has 3 key target areas that are prospective for Copper/Gold/Base Metals (Catabola/Cassenha Hill), High value magnet metals (Longonjo). and Gold (Bongo).
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 magnet metals project resulted in encouraging beneficiation and extraction of magnet metals neodymium (Nd) and praseodymium (Pr). A first pass concession wide stream sediment sampling programme has been completed. Acquisition and processing and interpretation of historical geophysical data has highlighted the existing target areas and has produced an additional 12 targets for follow up exploration.
The company believes that the Ozango Project has the potential to add significant shareholder value through continued exploration success.
For more information please view the “Projects” and “Investors” pages.
Rift also 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.
Our team of experienced directors and key personnel are committed and focused on creating exploration success using sound business practices and modern exploration techniques.