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Mkango Resources receives more encouraging assays from drilling at Songwe Hill

Four of the holes drilled were step-outs to test how far the deposit might expand to the north-west

rare earths
Rare earths were present over decent widths

Mkango Resources Ltd (LON:MKA) has received another batch of encouraging assay results from its Songwe Hill development in Malawi.

All nine drill holes intersected rare earth mineralisation, with grades in the best five holes up to 2.8% rare earth metals over widths of up to and over 30m.

READ: Mkango Resources adds to board as pace quickens at Songwe Hill

Mkango recently completed a 10,900m drill programme to formulate a mine plan as part of a feasibility study for the project.

William Dawes, chief executive, said four of the holes drilled were step-outs to test how far the deposit might expand to the north-west.

Assays are due from a further 66 drill holes totalling 8,396m.

Quick facts: Mkango Resources Ltd

Price: 2.75 GBX

Market: LSE
Market Cap: £3.66 m

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