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Mkango Resources Ltd. (AIM / TSXV: MKA) (the “Company” or “Mkango”) Announce that a major diamond drilling programme has commenced at the Songwe Hill Rare Earths Project (“Songwe”) in Malawi. The drilling programme is a key component of the Feasibility Study for Songwe, which is being fully funded by Talaxis Limited (“Talaxis”), a subsidiary of Noble Group Ltd.
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The drilling programme is for a minimum of 5,000 metres and will be focused on infill, step-out and geotechnical drilling. Over 50 drill pads have been constructed along with new access roads and enlarged camp infrastructure.
Mkango completed two successful drilling programmes at Songwe in 2011 and 2012, totalling approximately 6,850 metres and culminating in a maiden Mineral Resource Estimate. Mkango is targeting completion of an updated Mineral Resource Estimate by the end of 2018.
On Mkango publishing an NI 43-101 technical report in relation to the updated Mineral Resource Estimate, Talaxis will invest a further £7 million to fund completion of the Feasibility Study for Songwe.
Alex Lemon, Mkango Resources Ltd (TSX-V: AIM: MKA) Interview
Alex Lemon (Co-founder & President) of Mkango Resources Ltd answer shareholders questions and gives us an update on major diamond drilling programme that commenced – June 2018 at the Songwe Hill Rare Earths Project (“Songwe”) in Malawi.
The drilling programme is a key component of the Feasibility Study for Songwe, which is being fully funded by Talaxis Limited (“Talaxis”), a subsidiary of Noble Group Ltd.
