Share Talk Investor Evening – Mkango Resources Ltd LON:MKA
Hosted by Zak Mir
Venue: Forest of Arden Marriott Hotel, Maxstoke Lane, Meriden, Birmingham CV7 7HR
Presentations were streamed LIVE on Facebook and Twitter.
ALL net profits from the night are being donated to Bradley Lowery’s Fight fund. Bradley is a 5 year old with Cancer called Neuroblastoma. He needs specialist treatment in USA. Please Donate by text 70070 BRAD02 £1 or visithttp://www.chasethewind.co.uk
Mkango is focused on the development of the Songwe Hill rare earth project and Thambani uranium project in Malawi. Songwe has advanced from an early stage in 2010 through two phases of drilling, resource definition and extensive metallurgical test work to completion of a pre-feasibility study in September 2014, updated in November 2015, one of only a handful of rare earths projects globally to have advanced beyond this stage and amongst the lowest capex in the sector
The project is an open pittable deposit with long mine life, has significant expansion options, favourable mineralogy and a rare earth mix geared to the high growth permanent magnet sector, and is located in a strategically important rare earths mineral province.
The main exploration targets at Thambani are uranium, niobium and tantalum. In January 2015, Mkango announced the first set of assay results of 142 soil and rock chip samples from 9 trenches, which returned variably anomalous uranium, niobium and tantalum values in most trenches, ranging up to 4.70 % U3O8, 3.25 % Nb2O5 in soil and up to 0.42 % U3O8, 0.78 % Nb2O5 and 972 ppm Ta2O5 in rock chips. In July 2016, the Corporation announced the results of an airborne geophysical survey covering approximately two thirds of the licence area, highlighting a number of significant radiometric and magnetic anomalies.
The company’s corporate strategy is to develop new sustainable sources of rare earth elements and other minerals geared to growth in the low carbon “green” economy, technology and the Fourth Industrial Revolution.
Mkango listed on TSX-V in January 2011 and on the AIM market of the London Stock Exchange in June 2016.