Mkango Resources (TSX VENTURE:MKA)(AIM:MKA) (the “Company” or “Mkango”), is pleased to announce that the Government of Malawi has granted a further two year renewal, from September 8, 2017, for Exclusive Exploration Licence (“EPL”) 0303/10R3 (“the Thambani Licence”), in southwest Malawi.
The main exploration targets in the Thambani licence are uranium, niobium, tantalum, zircon and other associated minerals.
In May 2017, Mkango announced the results of recent exploration at Thambani. Assay results from 85 rock grab samples returned high grade uranium, tantalum and niobium values, ranging up to 3.3 % U3O8, 1.9 % Ta2O5 and 6.0 % Nb2O5. 35 of the samples graded above 500ppm U3O8 and 24 graded above 1,000ppm U3O8.
About Mkango Resources
Mkango’s primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi, a country whose hospitable people have earned it a reputation as “the warm heart of Africa”.
Mkango holds, through its wholly owned subsidiary Lancaster Exploration Limited, a 100% interest in two exclusive prospecting licences in southern Malawi, the Phalombe licence and the Thambani licence.