Mkango terminates earn-in deal, extends Thambani exploration

1st July 2019

By: Nadine James

Features Deputy Editor

     

Font size: - +

Aim- and TSX-V-listed Mkango Resources and metals investor Metal NRG have agreed to terminate their heads of terms agreement regarding an earn-in over Mkango’s Thambani licence, in Malawi.

Thambani is one of Mkango’s three exclusive prospecting licences in Malawi and features multiple zones of high-grade uranium, tantalum and niobium, as well as several extensive uranium radiometric anomalies.

Following the inflow of £1.1-million from a recent warrant exercise, Mkango decided to extend its exploration programme at Thambani; thereby retaining 100% of the prospecting licence.

Mkango will continue to evaluate possible partnership opportunities for the project.

Meanwhile, the feasibility study for the Songwe Hill rare earths project continues, fully funded by strategic partner, Noble Group subsidiary Talaxis.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION