HomeIndustrial MineralsMkango Resources renews Songwe rare earth licence

Mkango Resources renews Songwe rare earth licence

mkango-resources-first-drill-padTSX-listed Mkango Resources has been granted a further two year renewal for Exclusive Exploration Licence in Phalombe in southeast Malawi where its flagship project the Songwe Hill rare earth project is located.

The renewal of the Phalombe licence grants the exclusive rights to carry on prospecting operations for rare earth elements over an area of 849.1 km2. The expenditure commitment for the Phalombe EPL is US$324 675 over two years.

Following the renewal of the Phalombe licence, Mkango will focus on the completion of the Environmental, Social and Health Impact Assessment (ESHIA) which will form part of the feasibility study. In parallel, Mkango is continuing with various pre-existing and new social responsibility programs.

Metallurgical flow sheet optimization is also underway with initial focus on the flotation step. Mkango has identified a number of areas within the flow sheet where there is potential to increase recoveries and reduce operating costs, and this will be a major focus in advance of pilot testing.

Planning for the next phase of drilling has commenced, with a view to upgrading the in-pit Inferred Mineral Resource Estimate, which is currently treated as waste in the mine plan, and expanding high grade zones. This could potentially reduce operating costs and add significant value to the project.

Further evaluation of mineralization at the Thambani project is also underway. Mkango has identified zones of outcropping uranium mineralization associated with niobium and tantalum.

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