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

Will Dawes, chief executive of Mkango Resources Ltd (LON:MKA), tells Proactive's Andrew Scott they've hit high grade rare earths across significant widths at the Songwe Hill project in Malawi.

Among the highlights from the first eight holes were 147.2 metres grading 1.6% total rare earth oxides (TREO) and 91 metres grading 1.5% TREO.

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Price: 7.6 GBX

LSE:MKA
Market: LSE
Market Cap: £10.11 m
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Mkango Resources invests in rare earth magnets recycler

Mkango Resources Ltd's (LON:MKA, CVE:MKA) Will Dawes talks Proactive London through the news they're to buy a stake in a company that's developed a technology to recycle rare earth magnets. Mkango's taking a 25% stake for £300,000 and will provide a £200,000 convertible loan for HyProMag -...

on 23/9/19

2 min read