We spoke with Alex Lemon, President of Mkango Resources Ltd (TSXV/AIM:MKA), the dual-listed Rare Earths exploration company operating out of Malawi. Alex gives us an update with reference to today’s RNS about the Thambani Project where Uranium, Tantalum, and Niobium have been found and tells us more about where these rare earths can be used in the production of electric vehicles.
Mkango Resources Ltd. (TSXV / AIM: MKA) (the “Corporation” or “Mkango”), announces results from recent sampling at the Thambani Project in southern Malawi:
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.