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  5. IN BRIEF: Mkango Resources expects long life for Songwe Hill project

Pin to quick picksMkango Resources Share News (MKA)

Mkango Resources Information

Share Price Information for Mkango Resources (MKA)

London Stock Exchange
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Share Price: 6.25
Bid: 6.00
Ask: 6.50
Change: 0.00 (0.00%)
Spread: 0.50 (8.333%)
Open: 6.25
High: 6.25
Low: 6.25
Prev. Close: 6.25
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IN BRIEF: Mkango Resources expects long life for Songwe Hill project

Tue, 05th Jul 2022 13:05

Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Announces the results of its definitive feasibility study at the Songwe Hill rare earths project in Malawi. Notes a post-tax net present value of USD559.0 million, using a 10% discount rate, with an internal rate of return of 32%. Expects long operating life of 18 years, with mining assumed to commence in February 2025. In the first five years of production, company expects to average 5,954 tonnes per year total rare earth oxides. Initial capital expenditure anticipated at USD277 million.

Current stock price: 21.80 pence, up 3.8% on Tuesday in London

12-month change: down 21%

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved

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3 Dec 2020 12:10

Mkango completes extensive drilling programme at Mchinji

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30 Nov 2020 15:40

IN BRIEF: Mkango Resources Venture Gets UK Grant For Recycling Magnets

IN BRIEF: Mkango Resources Venture Gets UK Grant For Recycling Magnets

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Mkango investment HyProMag gets grant for magnet recycling project

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UK TRADING UPDATE SUMMARY: Creo Makes Up To EUR5 Million Acquisition

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3 Nov 2020 10:19

Mkango begins drilling and sampling programme at Mchinji

(Sharecast News) - Mkango Resources announced the start of an extensive hand-auger drilling and soil sampling programme on Tuesday, to identify rutile prospects within its 869 square kilometre Mchinji licence, EPL 0544/19, in Malawi's Mchinji district.

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15 Sep 2020 11:42

Mkango Hails New Discoveries At Mchinji Asset In Malawi

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28 Aug 2020 14:43

Mkango Says Malawi Government Satisfied With Songwe Work; Loss Widens

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3 Jun 2020 17:00

UK EXECUTIVE CHANGE SUMMARY: Dialight Hires Coats Group Exec As CFO

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29 Apr 2020 18:58

Mkango Reports Narrowed Annual Net Loss On Lower Costs

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31 Mar 2020 18:31

UK TRADING UPDATE SUMMARY: Softcat Cancels Interim Dividend Payout

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31 Mar 2020 16:41

Mkango Resources 'working proactively' amid pandemic

(Sharecast News) - Mkango Resources updated the market in response to the Covid-19 coronavirus pandemic on Tuesday, and on timing for completion of the ongoing feasibility study for the 51%-owned Songwe Hill rare earths project in Malawi.

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12 Feb 2020 15:11

Mkango Resources reports results from recent Thambani exploration

(Sharecast News) - Mkango Resources announced results from its recent mineral exploration programme at the Thambani project in southern Malawi on Wednesday, reporting that assay results from 128 rock samples collected during the 2019 exploration programme returned uranium, tantalum and niobium values ranging up to 0.74% triuranium octoxide, 0.41% tantalum pentoxide and 3.24% niobium pentoxide.

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12 Feb 2020 09:51

Mkango Still Exploring Thambani Options As It Extends Mineralisation

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10 Jan 2020 13:10

Mkango subsidiary buys into UK magnet recycling firm HyProMag

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10 Jan 2020 11:02

Mkango Resources Subsidiary Maginito Acquires 25% Interest In HyProMag

Mkango Resources Subsidiary Maginito Acquires 25% Interest In HyProMag

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