LSE: MKA.L p TSX.V: MKA C$
Rare Earth Exploration
Mkango Resources Ltd.
Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies. This integrated ‘mine, refine, recycle’ strategy differentiates Mkango from its peers, uniquely positioning the Company in the rare earths sector.
Mkango is developing the Songwe Hill rare earths project in Malawi, with a Pre-feasibility Study completed in 2015 and a Definitive Feasibility Study completed in July 2022. Malawi is known as “The Warm Heart of Africa”, a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway.
In parallel, Mkango is developing a rare earth separation plant at Pulawy in Poland, working with Grupa Azoty PULAWY, Poland’s leading chemicals company and the second largest manufacturer of nitrogen and compound fertilizers in the European Union. The Pulawy Separation Plant will process the purified mixed rare earth carbonate derived from Songwe into separated rare earth oxides.
Through its ownership of Maginito Limited (www.maginito.com), Mkango is also developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet and separation technologies. Maginito holds a 42% interest in UK rare earth (NdFeB) magnet recycler, HyProMag Limited (www.hypromag.com) with an option to increase its interest to 49%.
Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile discovery, in addition to the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.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 2019 supported by a NI43-101 compliant technical report. Definitive Feasibility Study concluded in July 2022.
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 near Sovereign Metals' Kasiya and Bua rutile discoveries, with gold and graphite deposits to the south and east.