Mkango Resources

Primary ticker: AIM:MKA, TSXV:MKA
Stage of development: Exploration, Development
Commodity: Rare Earths, Uranium
Project to promote: Songwe Hill Rare Earths Project

Live financials

Mkango (AIM/TSXV: MKA) is focused on the development of the Songwe Hill project in Malawi, one of very few advanced stage rare earths projects globally. A feasibility study is underway, fully funded by strategic partner, Talaxis, with a pre-feasibility study having previously been completed in 2015. Malawi is a stable jurisdiction, with major infrastructure developments and the company is very well positioned to benefit from the anticipated shortfall in rare earths, such as neodymium, geared to the electric vehicle market.


Management Profile

Will Dawes, Chief Executive Officer

Will Dawes, CEO, has over 20 year’s experience in the mining sector. Having trained as a geologist in South Africa, he worked as a mining analyst based in London and then for Rio Tinto’s exploration division. Subsequently, he gained significant global mining transaction experience in the metals and mining team of Robert Fleming & Co, Chase Manhattan Bank and JPMorgan. He has been Chief Executive of Mkango since co-founding the company in 2010.

What is your rationale for attending 121 Mining Investment?

Mkango is seeking to further engage with the investment community and build its network in global markets as it moves towards the mine development phase.

What recent news would you like to highlight to investors attending?

December 3, 2018: Mkango Intersects Highest Grade Rare Earths Mineralisation To Date In Final Drill Results From The Songwe Hill Project In Malawi And Commences Resource Update

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Announcement of updated resource, filing of 43-101 technical report and £7m milestone investment by Talaxis

6 Months:

Completion of pilot testing

12 Months:

Completion of feasibility study

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The rare earths sector and Malawi is under the radar for much of the investment community, so Mkango seeks to better inform the market of the significant potential and opportunities in relation to both, and also to highlight Malawi as a stable and highly attractive investment destination.

In a sentence, what do you think makes your company such a compelling investment?

Mkango is one of very few advanced stage rare earths projects outside China, with a fully funded feasibility study underway and a clear pathway to production.