https://www.miningweekly.com

Mkango granted Chimimbe prospecting licence

29th November 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim- and TSX-V-listed Mkango Resources has been granted an exclusive prospecting licence covering the 98.48 km Chimimbe Hill nickel/cobalt deposit in central Malawi.

With magnetic anomalies in the licence area indicating exploration potential for additional nickel/cobalt mineralisation, Mkango aims to re-evaluate the Chimimbe Hill deposit with its new three-year licence allowing for exploration of nickel, cobalt, graphite, chrome and other minerals.

Funded through the company's existing working capital, which is about $869 479 as at September 30, the new evaluations will be undertaken in the context of geophysical data produced by the recent World Bank airborne geophysical survey of Malawi, recent infrastructure developments in the region and potential synergies with Mkango’s Songwe Hill rare earths project and Thambani uranium/tantalum/niobium project, both in Malawi.

“This new licence, when combined with the Songwe Hill rare earths project and our collaboration with Metalysis on neodymium alloys for permanent magnets, positions Mkango as a potential future supplier of the critical raw materials used in both batteries and permanent magnet motors in electric vehicles,” said Mkango president Alexander Lemon.

The company is embarking on a full historical data review for Chimimbe Hill, including an evaluation of exploration potential from the recent geophysics.

The licence can be renewed twice for further two-year periods with a 50% reduction in the licence size with each renewal.

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.111 0.15s - 112pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: