Mkango Resources ups resource estimate at Songwe Hill mine in Malawi by 60%

Writer, Stock Market Wire
Monday, February 4, 2019 - 10:02

Rare earths miner Mkango Resources said it had increased the mineral resource estimate at its Songwe Hill project in Malawi by 60%.

The project now had a total measured and indicated resource of 21m tonnes.

'All the objectives for the 2018 drill programme have been achieved and we are very pleased to announce this increased resource at Songwe,' chief executive William Dawes said.

'This provides a solid platform for completion of a revised mine plan to be incorporated into the feasibility study.'

At 10:02am: (LON:MKA) Mkango Resources Ltd Cmn Shs Npv Di share price was -0.13p at 9.25p


Related content

Mkango Resources and MetalNRG terminate Malawi partnership agreement

Mkango Resources said it and MetalNRG had agreed to terminate an earn-in agreement for Mkango's Thambani licence in Malawi.

Mkango said it had decided to...

Fri, 28/06/2019 - 08:14


Mkango Resources warrants worth £1.1m converted into shares

Rare earths development company Mkango Resources said warrants over shares in the company had been exercised for a combined value of around £1.1m.

The warrants...

Mon, 17/06/2019 - 07:57


Mkango Resources intersects rare earth deposits in Malawi

Mkango Resources said new drilling at its Songwe Hill rare earths project in Malawi had intersected significant zones of mineralisation.

Of a further 45 drill...

Wed, 07/11/2018 - 09:50


Mkango Resources encouraged by drilling results at Malawi rare earths project

Mkango Resources said it had generated encouraging results from test drilling at its Songwe Hill rare earths project in Malawi.

Highlights from the first eight...

Tue, 21/08/2018 - 09:13


Mkango Resources kicks off rare earths drilling in Malawi

Mkango Resources said a major drilling programme had commenced at the Songwe Hill rare earths project in Malawi.

The programme was a key component of...

Mon, 04/06/2018 - 09:55