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Mkango Resources signs definitive agreement to develop Songwe Hill licence

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.

Quick facts: Mkango Resources Ltd

Price: 8.25 GBX

LSE:MKA
Market: LSE
Market Cap: £10.97 m
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