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Mkango set to start mineral exploration

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Mkango Resources says it has completed preparatory work in relation to mining rare earth minerals and uranium at Songwe Hill and Thambani.

This follows an agreement with Noble Resources made last year to the tune of £450,000.

This means that exploration on the Thambani uranium project commences this month with processing test work in South Africa focused on improving the flotation and hydrometallurgical portions of the flow sheet for Songwe.

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In a statement, Chief Executive of Mkango Resources, William Dawes said: “We are entering an exciting time for Mkango, as we kick off the next phase of work for the Songwe Hill rare earths project and Thambani uranium project, two commodities with strong outlooks.”

He said Mkango—with one of the few advanced stage rare earths projects outside China as well as the recently announced collaboration with Noble Group—one of the world’s largest commodity traders, is well positioned as the recovery in the rare earths sector gathers momentum.

Dawes said ongoing flotation research at Camborne School of Mines as part of SoS Rare and continued evaluation of new growth opportunities in the rare earths and green technology metal space will take place this month as well.

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“The Mkango executive team will be in Asia late March focused on developing future partnership opportunities, and will also be participating in the 7th China Rare Earths Market Conference in Ganzhou, China slated for March 22-24 2017,” he said.

Dawes has since said Mkango has appointed Bly the weigh as its financial public relations and investor relations consultant, effective March 1 2017.

Mkango holds, through its wholly owned subsidiary Lancaster Exploration Limited, a 100 percent interest in two exclusive prospecting licenses in Malawi, the Phalombe licence and the Thambani licence.

The main exploration target in the Phalombe licence is the Songwe Hill rare earths’ deposit, which features carbonatite hosted rare earth mineralisation and was subject to previous exploration in the late 1980s.

The main exploration targets in the Thambani licence are uranium, niobium, tantalum and other associated minerals

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