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Prospectivity at Livingstonia is outstanding and we believe the area has potential to become a satellite deposit for the Lotus in the future.
As a result of the Acquisition, Mkango owns 100% of the shares of Lancaster and 100% of the shares of Maginito.
Assuming exploration success, the Company will undertake ore sorting test work on the Livingstonia material in 2022.
The programme is being undertaken to confirm the soil and ground characteristics of the Songwe Hill project area.
"This provides certainty and confidence that Lotus has the full backing of the Government to continue our development of Kayelekera."
"Together with the findings of other technical studies, we are confident that a material reduction in operating costs can be achieved."
Paladin was issued these shares as part consideration for the Company’s acquisition of the Kayelekera Uranium Project.
The delegation was led by Malawi’s Minister of Mining visiting the Kasiya Rutile Project, where a core drilling program continues.