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Mkango Resources (TSXV:MKA) announced a further two year extension of its exclusive exploration license in southeast Malawi, where the Songwe Hill rare earth project is located. The company also provided an update on corporate activities.
Mkango Resources (TSXV:MKA) announced a further two year extension of its exclusive exploration license in southeast Malawi, where the Songwe Hill rare earth project is located. The company also provided an update on corporate activities.
As quoted in the press release:
Following completion of the pre-feasibility study, the Company has prioritized the following work streams:
- Completion of the Environmental, Social and Health Impact Assessment (“ESHIA”) which will form part of the feasibility study. In November 2014, Digby Wells Environmental completed the first round of formal stakeholder meetings in Malawi, which are a critical component of the ESHIA. In parallel, Mkango is continuing with various pre-existing and new social responsibility programs, as detailed overleaf.
- Metallurgical flow sheet optimization is 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 underway. Mkango has identified zones of outcropping uranium mineralization associated with niobium and tantalum.
Click here to read the Mkango Resources (TSXV:MKA) press release