Mkango set for Songwe study | The Times Group

Mkango set for Songwe study | The Times Group:

Mkango set for Songwe study 

Posted By: George Mhango on: January 29. 2018 In: Business No Comments 
Anadian miner, Mkango Resources Limited, nas said it will soon commence a feasibility study ot 
its Songwe Hill Rare Earths Project in pnalomöe. 
This follows the receipt, last week, ot both shareholder and final Toronto Stock Exchange USX) 
Venture Exchange approval and investments totalling €6 million by its subsidiaries. 
Information posted on its website Thursday indicated that Talaxis nas invested E5 million into 
Mkango subsidiary, Lancaster Exploration Limited, in return tor a 20 percent interest in Lancaster. 
"upon completion of the feasibility study for Songwe and subject to completion of the definitive 
documentation, Talaxis will nave the option to acquire a further 26 percent interest in Lancaster, 
increasing its aggregate interest to 75 percent," Mkango said. 




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