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Mkango Resources Ltd.


Mkango Resources Ltd. is a mineral exploration and development company with a mission to maximize shareholder value while spearheading the development of mining in Malawi and implementing meaningful and successful social responsibility programs. The company's current focus is on the completion of the prefeasibility study for the Songwe Hill rare earths project.

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Expert Comments:

The Gold Report Interview with Paul Renken (9/17/13) "Roughly a couple of hundred names came into the REE space since 2010, whereas now only several dozen names have demonstrated viable projects. One name is Mkango Resources Ltd. It has an REE project in Malawi. That particular deposit outcrops at surface. All the indications are that it's quite sizable. It has done enough drilling on it to indicate that it is of commercial size. It now has to work out the exact liberation process that it wants to use as far as milling is concerned to produce a concentrate. . .

One of the things I like about Mkango is it hasn't overpromised and underdelivered. It is just the opposite. It has played quite conservatively as to what it thinks it can achieve and at what costs. Like all of the other juniors that are in the preproduction phase, it has struggled to raise money at a time when equity has been more and more discounted, particularly for exploration-stage projects. Nonetheless, the deposit is a good deposit. So I think the outlook has improved for the company. It just has to show with the prefeasibility study that it can commercially produce. We remain constructive on the firm." More >

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