LSE: MKA.L 26.50p TSX.V: MKA $0.45
Rare Earth Exploration
Mkango Resources Ltd.
Mkango Resources Limited (TSXV/AIM: MKA) is developing the 51% owned Songwe Hill rare earths project in Malawi with the ongoing bankable feasibility study funded by strategic partner, Talaxis Limited, a subsidiary of Noble Group. Malawi is known as “The Warm Heart of Africa”, a stable jurisdiction with major road, rail and power developments. In parallel, Mkango is developing complementary downstream technologies via its 75.5% interest in green technology incubator, Maginito Limited (www.maginito.com), which recently invested in UK rare earth (NdFeB) magnet recycler, HyProMag Limited (www.hypromag.com). Mkango also has an extensive exploration portfolio in Malawi, including the recently announced Mchinji rutile discovery, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project. Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of NdPr and NdFeB to supply accelerating demand from electric vehicles, wind turbines and other clean technologies.Learn More
Songwe Hill rare earths
Songwe Hill is an advanced stage rare earths project featuring carbonatite-hosted mineralisation. Mkango completed an upgraded Mineral Resource in 2018 supported by a NI43-101 compliant technical report. Feasibility Study expected to conclude in second half of 2021.
One of six promising areas for uranium exploration in Malawi identified by a World Bank programme. Radiometric surveys and surface sampling by Mkango indicate potential for U-Ta-Nb mineralisation along a strike lengh of >3km.
Chimimbe Hill Ni-Co
Historical drilling and pitting indicates potential for an Ni-Co-Cr resource, with an unexplored magnetic anomaly extending beyond the historical exploration area.
A large area of rutile potential adjacent to Sovereign Metals' Kasiya and Bua rutile discoveries, with gold and graphite deposits to the south and east.