Mkango Res. renews Phalombe licence

Mkango Resources said the Government of Malawi has granted a further two-year renewal for Exclusive Exploration Licence (EPL) 0284, in south-east Malawi.

Mkango's flagship project, the Songwe Hill rare earth project, for which an updated Pre-feasibility study was completed in November 2015, is located in the Phalombe Licence, as are the Nkalonje, Mantrap, Knoll and Namangale prospects.