logo-loader
Mkango Resources Ltd

Mkango awarded new prospecting licence in Malawi

The Mchinji licence has been granted for the exploration of nickel, cobalt, gold, base metals, graphite, platinum group metals, ilmenite, vanadium, chrome, uranium, rare earth elements and other minerals.

Nickel and cobalt
The licence is initially awarded for a three-year term

Mkango Resources Ltd (LON:MKA, CVE:MKA) has been granted a new exclusive prospecting licence covering an area in the Mchinji district, central Malawi.

The licence, covering an area of 868.69 square kilometres, is adjacent to licences with known mineral potential including Mkango’s own Chimimbe Hill nickel-cobalt licence to the south.

READ Mkango Resources set for new exploration at Thambani project

Mkango said it would evaluate all historical data over the Mchinji licence area for exploration targets in the context of geophysical data produced by a countrywide airborne survey completed by the World Bank in 2016. Exploration will focus on nickel-cobalt, gold, base metals, and graphite.

"We are commencing a full historical data review to identify exploration targets, and look forward to updating shareholders on this new licence in due course," said Alexander Lemon, the president of Mkango.

Quick facts: Mkango Resources Ltd

Price: £0.06

Market: LSE
Market Cap: £8.51 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Lookahead to Proactive's One2One Forum - 20 June 2019

Thomas Coleman, Proactive’s Head of UK Events, outlines the details of this coming Thursday’s Proactive One2One Investor Forum. Companies presenting on the evening include Touchstone Exploration Inc (LON:TXP), Mkango Resources Ltd (LON:MKA), Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) and...

on 14/6/19

2 min read