viewMkango Resources Ltd

Mkango Resources unearths new mineralisation areas at Thambani uranium project

Mkango is assessing its options for Thambani, including joint venture opportunities.

Mkango Resources Ltd -

Mkango Resources Ltd (LON:MKA, CVE:MKA) told investors that it has extended areas of uranium-tantalum-niobium mineralisation at the Thambani project, in southern Malawi.

Findings from last year’s exploration campaign, including assays from rock samples, confirmed uranium, tantalum and niobium with grades of up to 0.74% U3O8, 0.41% Ta2O5 and 3.24% Nb2O5, the company revealed.

READ: Mkango takes stake in rare earth recycler

It marks success for a programme that had aimed to identify new areas of mineralisation at Thambani, and, identify sites for a future drill campaign.

The company is currently evaluating strategic options for Thambani including possible joint ventures and “other potential avenues to create value”.

“The work has identified a number of potential uranium and associated niobium-tantalum-zircon targets over the Thambani Massif, which is mainly composed of nepheline-bearing syenite gneiss, forming two prominent ridges known as Thambani East Ridge and West Ridge,” Mkango said.

Quick facts: Mkango Resources Ltd

Price: 18.25 GBX

Market: LSE
Market Cap: £24.67 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...


Mkango Resources is 'incredibly excited' to discover new rutile and ilmenite...

Mkango Resources Ltd's (LON:MKA) (CVE:MKA) Alex Lemon talks to Proactive London about their operations in Malawi and their latest set of results. Lemon explains how the findings show significant signs of titanium dioxide mineralisation in a soil sampling and auger drilling programme at its...

on 15/9/20

2 min read