Mkango Resources signs definitive agreement to develop Songwe Hill licence: "Mkango Resources signs definitive agreement to develop Songwe Hill licence
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14:40 18 May 2018
Will Dawes, chief executive of Mkango Resources Ltd (LON:MKA), tells Proactive Investors they've signed off their agreement with trading group Noble to develop the Songwe Hill licence in Malawi.
Talaxis, a subsidiary of Noble, will acquire up to 75% of Lancaster Exploration, which holds the licence, and up to 49% of Maginito, a downstream rare earths business."
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