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

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