Dual-listed Canadian mining firm, Mkango Resources Limited, has commenced diamond drilling at the Songwe Hill in Phalombe District.<\/p>\n
The drilling programme is a key component of the feasibility study for Songwe, which is being fully funded by Talaxis Limited, a subsidiary of Noble Group Ltd.<\/p>\n
Talaxis would invest a further \u00a37 million in funding completion of the feasibility study..<\/p>\n
In a statement issued this week, the firm says the drilling programme is for a minimum of 5,000 metres and will be focused on infill, step-out and geotechnical drilling.<\/p>\n
Over 50 drill pads have been constructed along with new access roads and enlarged camp infrastructure, according to the statement.<\/p>\n
In the statement, signed by Mkango Resources Limited Chief Executive Officer William Dawes, the mining company rated the process as the largest drill programme at Songwe to date.<\/p>\n
\u201cThis is a culmination of extensive preparatory work completed over recent months and we are excited to kick off what will be the largest drill programme to date at Songwe.<\/p>\n
\u201cMkango is fully funded to [work towards] completion of a feasibility study with a clearly defined pathway to production. We look forward to keeping the market updated as we progress through the drilling programme and other major milestones.\u201d Dawes says in the statement.<\/p>\n
Mkango is targeting completion of an updated Mineral Resource Estimate by the end of 2018.<\/p>\n
Mkango\u2019s primary business is the exploration of rare earth elements and associated minerals.<\/p>\n
The main exploration target in the 80 percent held Phalombe licence is the Songwe Hill rare earths\u2019 deposit, which features carbonatite-hosted rare earth mineralisation and was subject to exploration in the late 1980s.<\/p>\n
The mining firm completed a pre-feasibility study for the project in November 2015 and a feasibility study is currently underway, the initial phases of which include the major drilling programme.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dual-listed Canadian mining firm, Mkango Resources Limited, has commenced diamond drilling at the Songwe Hill in Phalombe District. The drilling programme is a key component of the feasibility study for Songwe, which is being fully funded by Talaxis Limited, a subsidiary of Noble Group Ltd. Talaxis would invest a further \u00a37 million in funding completion […]<\/p>\n","protected":false},"author":3,"featured_media":66532,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-66530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/66530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=66530"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/66530\/revisions"}],"predecessor-version":[{"id":66533,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/66530\/revisions\/66533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/66532"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=66530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=66530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=66530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}