TSX-V: MKA RARE EARTHS EXPLORATION · 2018. 12. 8. · May 2012 - Phase 2 drilling complete...
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TSX-V: MKA PROJECT - Substantial NI 43-101 mineral resource estimate defined o Significant indicated mineral resource component - resource open to depth and laterally o Pre-feasibility study underway – current focus: environmental studies, flow sheet optimisation and metallurgy COMPANY - Respected management team with strong technical expertise and longstanding experience in Malawi COUNTRY: MALAWI - Politically stable country, with favourable operating environment, supportive government and year-round exploration, with major infrastructure developments planned or in progress RARE EARTHS - Geared to high growth sectors, with restricted supply chain EXPLORATION - Large licence position with regional exploration potential for rare earths, uranium, niobium, zircon, corundum & gold Mkango Resources Ltd. (TSX-V: MKA) is a Canadian mineral exploration and development company focused on rare earth elements and associated minerals in the Republic of Malawi. It holds a 100% interest in two exclusive prospecting licenses covering a combined area of 1,751 km² in southern Malawi. The Company’s primary focus is the Songwe Hill Project, a near surface carbonatite hosted deposit. On November 22, 2012, Mkango Resources successfully filed a NI 43-101 Technical Report and Mineral Resource Estimate for the Songwe Hill Rare Earth Element (REE) Project; this represented a major milestone in the development of the project. Cut-off Grade In-situ Indicated Mineral Resource Estimate In-situ Inferred Mineral Resource Estimate 1.0% TREO 13.2 mt grading 1.62% TREO 18.6 mt grading 1.38% TREO 1.5% TREO 6.2 mt grading 2.05% TREO 5.1 mt grading 1.83% TREO TREO – total rare earth oxides. In-situ - no geological losses applied. mt - million tonnes *NI 43-101 Technical Report and Mineral Resource Estimate for the Songwe Hill Rare Earth Project, Phalombe District, Republic of Malawi, authored by Scott Swinden, PhD, P.Geo and Michael Hall, Pr.Sci.Nat., MAusIMM, , available on www.sedar.com. In July 2013, the Company achieved another major milestone with the announcement of a base case metallurgical flow sheet for the Songwe Hill Project. Proof of concept test work on a bench scale has demonstrated that the flow sheet has potential to produce a high grade mixed rare earth carbonate or hydroxide product. CAPTIAL STRUCTURE Shares Outstanding: 50.5m Fully Diluted: 60.6m Share Price (30/08): $0.20 Mkt Cap (30/08): ~10.1m MAJOR SHAREHOLDERS Leominex & Management 49% Institutions ~14% EXECUTIVE DIRECTORS William Dawes CEO Alexander Lemon President NON-EXECUTIVE DIRECTORS Adrian Reynolds David Berg Eugene Chen MANAGEMENT Ashlee Utterback Corporate Communications Manager Sandra Beaulieu CFO Dr. Aoife Brady Senior Geologist & Mineralogist Burton Kachinjika Country Manager & local company Director Effie Likaku Country Administrator & local company Director James Mtegha Exploration Geologist Ansel Zabula Exploration Geologist RARE EARTHS EXPLORATION January 2013 September 2013 KEY MILESTONES Jan 2010 - Songwe Hill licence awarded Jan 2011 - MKA listed on TSX-V, raising C$7.8m April 2011 - Phase 1 drilling commences July 2011 - Phase 1 drilling complete (2,000m) Jan 2012 - Phase 2 drilling commences May 2012 - Phase 2 drilling complete (4,850m) Oct 2012 - Maiden resource announcement Nov 2012 - Filing of 43-101 technical report Jan 2013 - Songwe Hill licence renewed for 2 years April 2013 - Raised 2.3M (CDN) - Non-Brokered Private Placement July 2013 - Announced mixed REE products
Transcript of TSX-V: MKA RARE EARTHS EXPLORATION · 2018. 12. 8. · May 2012 - Phase 2 drilling complete...
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TSX-V: MKA
PROJECT - Substantial NI 43-101 mineral resource estimate defined
o Significant indicated mineral resource component - resource open to depth and laterally
o Pre-feasibility study underway – current focus: environmental studies, flow sheet optimisation and metallurgy
COMPANY - Respected management team with strong technical expertise and longstanding experience in Malawi
COUNTRY: MALAWI - Politically stable country, with favourable operating environment, supportive government and year-round exploration, with major infrastructure developments planned or in progress
RARE EARTHS - Geared to high growth sectors, with restricted supply chain
EXPLORATION - Large licence position with regional exploration potential for rare earths, uranium, niobium, zircon, corundum & gold
Mkango Resources Ltd. (TSX-V: MKA) is a Canadian mineral exploration and development company focused on rare earth elements and associated minerals in the Republic of Malawi. It holds a 100% interest in two exclusive prospecting licenses covering a combined area of 1,751 km² in southern Malawi.
The Company’s primary focus is the Songwe Hill Project, a near surface carbonatite hosted deposit. On November 22, 2012, Mkango Resources successfully filed a NI 43-101 Technical Report and Mineral Resource Estimate for the Songwe Hill Rare Earth Element (REE) Project; this represented a major milestone in the development of the project.
Cut-off Grade In-situ Indicated Mineral
Resource Estimate
In-situ Inferred Mineral
Resource Estimate
1.0% TREO 13.2 mt grading 1.62% TREO 18.6 mt grading 1.38% TREO
1.5% TREO 6.2 mt grading 2.05% TREO 5.1 mt grading 1.83% TREO TREO – total rare earth oxides. In-situ - no geological losses applied. mt - million tonnes
*NI 43-101 Technical Report and Mineral Resource Estimate for the Songwe Hill Rare Earth Project, Phalombe District, Republic of Malawi, authored by Scott Swinden, PhD, P.Geo and Michael Hall, Pr.Sci.Nat., MAusIMM, , available on www.sedar.com.
In July 2013, the Company achieved another major milestone with the announcement of a base case metallurgical flow sheet for the Songwe Hill Project. Proof of concept test work on a bench scale has demonstrated that the flow sheet has potential to produce a high grade mixed rare earth carbonate or hydroxide product.
CAPTIAL STRUCTURE Shares Outstanding: 50.5m
Fully Diluted: 60.6m
Share Price (30/08): $0.20
Mkt Cap (30/08): ~10.1m
MAJOR SHAREHOLDERS Leominex & Management 49%
Institutions ~14%
EXECUTIVE DIRECTORS William Dawes
CEO
Alexander Lemon
President
NON-EXECUTIVE DIRECTORS Adrian Reynolds
David Berg
Eugene Chen
MANAGEMENT Ashlee Utterback
Corporate Communications Manager
Sandra Beaulieu
CFO
Dr. Aoife Brady
Senior Geologist & Mineralogist
Burton Kachinjika
Country Manager & local company Director
Effie Likaku
Country Administrator & local company Director
James Mtegha
Exploration Geologist
Ansel Zabula
Exploration Geologist
RARE EARTHS EXPLORATION
January 2013
September 2013
KEY MILESTONES
Jan 2010 - Songwe Hill licence awarded Jan 2011 - MKA listed on TSX-V, raising C$7.8m April 2011 - Phase 1 drilling commences July 2011 - Phase 1 drilling complete (2,000m) Jan 2012 - Phase 2 drilling commences May 2012 - Phase 2 drilling complete (4,850m) Oct 2012 - Maiden resource announcement Nov 2012 - Filing of 43-101 technical report Jan 2013 - Songwe Hill licence renewed for 2 years April 2013 - Raised 2.3M (CDN) - Non-Brokered Private Placement July 2013 - Announced mixed REE products
http://www.sedar.com/
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RARE EARTH EXPLORATION
SONGWE HILL HIGHLIGHTS
Test work to date has produced two high grade mixed rare earth products - a high grade mixed rare earth carbonate product (59% TREO1, 7% HREO2/TREO) and a cerium depleted, heavy rare earth enriched mixed rare earth hydroxide product (55% TREO, 18% HREO/TREO)
Encouraging base case flow sheet - flotation, followed by leaching of the mineral concentrate with hydrochloric acid, then precipitation and purification
Potential for lower capital expenditure and ease of future expansion - based on modular plant design, using plastics or composite materials for tanks and pipework and largely comprised of conventional technology
Favourable mineralogy - allows for a simple, low temperature acid leaching process to achieve good high grade recoveries
Potentially open pittable with favourable topography -majority of indicated mineral resource component
