Mkango Resources Ltd

Mkango completes major drilling programme at Songwe Hill

Results from Mkango's drilling campaign will go towards the completion of a feasibility study

Workers at Songwe Hill

Mkango Resources Ltd (LON:MKA)(CVE:MKA) shares rose on Tuesday as the miner announced that it has completed a major drilling programme at the Songwe Hill rare-earths project in Malawi. The drilling programme totalled 10,891 metres and comprised 91 drill holes to a maximum depth of 220 metres. 

The drilling programme is a key component of the ongoing initial phases of the Feasibility Study for Songwe.

WATCH: Mkango reports 'excellent first set of results' from drilling at Songwe Hill

Highlights from the results include 51.6 metres grading 1.9% total rare earth oxides, 161 metres grading 1.3 TREO and 43.4 metres grading 1.6% TREO.

 "We are very pleased to announce another excellent set of results from the recently completed major drill programme at Songwe, which is an integral part of the ongoing feasibility study,” said chief executive William Dawes.

“This is the largest drill programme to date in the history of the project and its successful completion is a great credit to the strong international and Malawian team on the ground. We look forward to announcing results from the remaining 75 drill holes totalling 9,259 metres."

In mid-morning trading, Mkango shares were 4.2% higher at 8.75p. 

 -- Adds share price --



Quick facts: Mkango Resources Ltd

Price: £0.07

Market: LSE
Market Cap: £9.44 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mkango Resources Ltd named herein, including the promotion by the Company of Mkango Resources Ltd in any Content on the Site, the Company...



Rare Earths at the fore as US/China trade spat intensifies

Mining Capital's Alastair Ford talks Rare Earths this week after China threatened to halt supplies due to the trade war with the US. China accounts for between 70% and 80% of global supply and is a key price setter.

on 10/6/19

2 min read