(), the exploration and development company focused on Malawi, has filed a NI 43-101 technical report for its Songwe Hill Rare Earths Project.
The report relates to the resource update announced last month.
With the filing of the technical report, Mkango has fulfilled the condition for Talaxis Limited to advance the next tranche of investment, totalling £7mln, in accordance with the definitive agreements between Mkango and Talaxis announced on 18 May 2018.
The company has notified Talaxis of the fulfilment of this condition and will update the market on receipt of the investment, which will increase Talaxis's stake in Lancaster Exploration Limited, the company that holds the licence for Songwe, to 49%.
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