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Mkango Res Share Discussion Threads
Showing 276 to 298 of 300 messages
|theblackbaron exactly hopefully not too long.|
|Indeed be interesting how much lithium they have found on the license as well as the uranium upgrade.
Added to this reduced capex calculations on the Rare Earth Development.
I note the Rare earth price increase so we should be hearing news on a farm in at some point.
Its a true contrarian investors share big returns when nobody likes it to everyone wanting it.|
|Looking much better today.|
|Is it this Myles McNulty in the holdings RNS:-
|Adding on dips here|
|totally under the radar
an REE asset with an npv of $340m that they could flog for 10% of that and keep an nsr; or do a JV.
Uranium project that has v high grades and widths
It takes no time to get the drill rigs turning.
you cannot find a cheaper Uranium play with Lithium potential and a substantial REE asset for only buttons:- £3m.|
|v chunky trades
a 750k buy
Noble news soon|
If you don't like my posts use the filter button.
I have been, for several years!
It virtually died in Canada so they listed it here.|
|This will be re-rated, its under the radar atm
andy, jog on son.|
|this doesn't need promotion, watch and wait.|
|mikeroot52 Feb '17 - 09:25 - 177 of 178 0 0
MKA makes the penny stock post this morning -
Wow! Who's the guy that runs the PSP?
He's backing Cloudtag and Mkango on the same day!
Says it all really!|
They said they didn't need any finance for 18 months, as recently as the presentation last autumn, and then did a placing!
"soil and rock chip samples" are at the START of exploration, before the more accurate drilling starts!
And that's the cheap end, drilling is where the real money gets spent.|
|MKA makes the penny stock post this morning - seems fairly bullish. Not needing addtional finance is a big tick for the management IMO.
This is not just about Uranium, they have high amounts of niobium here, as well as Tantalum. You're looking at what could be a pretty exciting project on its own.
Took another pinch today
|It's ok Andy, no-ones forced to buy.
However the Thambani Project is far from Grass roots.
Already a lot of work has gone into this project. now the uranium market is hotting up again, perfect time to drill again.
Previous assays are V encouraging.
The first set of assay results of 142 soil and rock chip samples from Little Ngona and Chikoleka previously returned variably anomalous U, Nb and Ta values ranging up to 4.70 % U3O8, 3.25 % Nb2O5 in soil and up to 0.42 % U3O8, 0.78 % Nb2O5 and 972 ppm Ta2O5 in rock chips.|
Sure many other companies need capex too, which is why they ultimately fail of course. Nkamgo require about 30 times cap to complete the REE side of things, can you think of a company that has ever achieved that?
Out of 1,000 mining juniors in Canada only a handful ever turn into a mine. The capex requirement is often the reason for that.
The uranium project here is about as grass roots as it gets! "further mapping, soil and rock chip sampling, trenching and ground truthing of new geophysical anomalies."|
|Uranium Project a go & Historical Lithium to go for also...nice
MKANGO TO COMMENCE 2017 WORK PROGRAMME ON ITS THAMBANI URANIUM PROJECT IN MALAWI
Calgary, Alberta: February 2, 2017 - Mkango Resources Ltd. (TSXV / AIM: MKA) (the "Company" or "Mkango") is pleased to provide an update on its 100% owned Thambani uranium project in Malawi.
Following recent management site visits, Mkango plans to commence its 2017 exploration programme in the Thambani licence area during the first quarter.
The programme will comprise follow up of the results of the World Bank airborne geophysics survey reported in 2016 (hxxp://www.mkango.ca/s/news.asp?ReportID=755345) and of previous exploration programmes completed by Mkango, and will include but is not limited to further mapping, soil and rock chip sampling, trenching and ground truthing of new geophysical anomalies.
Whilst uranium (and associated tantalum and niobium) is the primary focus of the exploration programme, Mkango will also evaluate the licence for its lithium potential. The Thambani licence area is host to pegmatite occurrences, which can be a potential host rock for lithium. Furthermore, historical reports refer to an occurrence of a lithium mineral in the licence area. However, these need further geological investigation to determine the significance, and the main focus is on uranium.
The Company aims to commence field work following the end of the rainy season in Malawi, usually late February or early March.
All costs associated with the work programme will be covered out of existing cash resources.
Alexander Lemon, President of Mkango, stated: "The market is clearly seeing renewed interest in uranium projects in recent months following moves by Kazakhstan to cut production and the increasingly apparent lack of supply for new reactors being brought online over the next five years in countries such as India and China. Our strategy for the project remains to bring in a joint venture partner, but we believe that we will enhance value for our shareholders in the near term by pushing ahead with a clearly defined, low cost exploration programme following the end of the rainy season in Malawi. We look forward to updating shareholders in the near future."
In relation to the Songwe Hill rare earths project, Mkango will be providing an update on flow sheet optimization in due course.
About Mkango Resources Limited
Mkango's primary business is the exploration for rare earth elements and associated minerals in the Republic of Malawi, a country whose hospitable people have earned it a reputation as "the warm heart of Africa." Mkango holds, through its wholly owned subsidiary Lancaster Exploration Limited, a 100% interest in two exclusive prospecting licenses in southern Malawi, the Phalombe licence and the Thambani licence.
The main exploration target in the Phalombe licence is the Songwe Hill rare earths' deposit, which features carbonatite hosted rare earth mineralisation and was subject to previous exploration in the late 1980s. Mkango completed an updated Pre-feasibility Study for the project in November 2015. Mkango's strategy for Songwe is to further optimise the project with a view to maximising efficiency and reducing costs, thereby providing a strong platform for entering into partnerships, marketing and offtake arrangements. The main exploration targets in the Thambani licence are uranium, niobium, tantalum and other associated minerals.
For more information, please visit www.mkango.ca.|
|Noble weren't granted 12% of the equity at over twice today's price for nothing.
There will be developments on this in the near term.|
|Sure there is the expenditure to get it into production, the same with hundreds of other companies. However they own this valuable asset, songwe hill and there are many ways to skin a cat + A Uranium project that has excellent grades and widths.
For £2.6m. There is no other world class REE project selling for so little.
This valuation wont last.|
Then the little matter of over $100 million capex to sort out for a £3 million company!|
|New Presentation Out
check the figures for their REE project. all for £3m @ 3.5p. ludicrously cheap|
|Well there are plenty of lithium companies around.
ask yourself, do Mkango have any spare cash to go pursuing another venture?
I must admit I was surprised to hear Cornwall might host a lithium deposit, but all good for the fledgling UK mining industry.|