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Government of Malawi has granted license for exploration to Mkango Resources

Published by
Global Mining Review,

Mkango Resources Ltd. is pleased to announce that the Government of Malawi has granted a further two-year renewal, from September 8, 2017, for Exclusive Exploration Licence in southwest Malawi.

Targets at the Thambani license are mainly uranium, niobium, tantalum, zircon and other associated minerals. In May 2017, Mkango completed an exploration of the deposit at Thambani. With assay result from 85 rock grab samples returning high grade uranium, tantalum and niobium values, ranging up to 3.3% U308, 1.9% Ta205 AND 6.0% Nb205. 35 of the samples graded above 500ppm U308 and 24 graded above 1,000ppm U308. Mkango is currently evaluating strategic options for Thambani, including opportunities to joint venture or spin-off the project, and other potential lucrative pursuits to create value.

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.

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African mining news Precious metals mining news