Mkango Resources (MKA)

Sector:

Mining

Index:

FTSE AIM All-Share

7.25p
   
  • Change Today:
      0.15p
  • 52 Week High: 12.75
  • 52 Week Low: 5.70
  • Currency: UK Pounds
  • Shares Issued: 268.45m
  • Volume: 605,144
  • Market Cap: £19.46m

Engineering teams on site at Mkango's Songwe Hill project

By Josh White

Date: Thursday 23 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Mkango Resources announced on Thursday that its management team, as well as Malawian geotechnical engineering firm Geoconsult and South African peer Zutari, are now on site at the Songwe Hill Rare Earths development project to start a "major" geotechnical drilling and pitting programme.
The AIM-traded firm said the programme would obtain samples from around 150 five-metre-deep pits and 22 20-metre drill holes.

It said it was being undertaken to confirm the soil and ground characteristics of the Songwe Hill project area.

The geotechnical samples would be tested and investigated in Malawi at the Geoconsult laboratories in Lilongwe, and would provide the detailed geotechnical information required to finalise the detailed engineering design plans, prior to the completion of the definitive feasibility study in the first quarter of 2022.

"This major geotechnical investigation program is currently employing and training over 120 local Malawian skilled and unskilled personnel," said company president Alexander Lemon.

"We are very proud to be working with leading Malawian companies such as Geoconsult and also Torrent, a local Blantyre-based plant hire company, promoting Malawian local content and community participation in the ongoing development of this exciting rare earths project."

At 1220 BST, shares in Mkango Resources were up 1.61% at 27.69p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MKA Market Data

Currency UK Pounds
Share Price 7.25p
Change Today 0.15p
% Change 2.11 %
52 Week High 12.75
52 Week Low 5.70
Volume 605,144
Shares Issued 268.45m
Market Cap £19.46m

MKA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.51% below the market average15.51% below the market average15.51% below the market average15.51% below the market average15.51% below the market average
41.35% below the sector average41.35% below the sector average41.35% below the sector average41.35% below the sector average41.35% below the sector average
Price Trend
69.35% below the market average69.35% below the market average69.35% below the market average69.35% below the market average69.35% below the market average
33.79% below the sector average33.79% below the sector average33.79% below the sector average33.79% below the sector average33.79% below the sector average
Income Not Available
Growth Not Available

MKA Dividends

No dividends found

Trades for 29-Apr-2024

Time Volume / Share Price
16:08 30,748 @ 7.24p
15:52 100,000 @ 7.00p
15:30 50,000 @ 7.00p
14:01 13,736 @ 7.28p
12:30 17,000 @ 7.07p

MKA Key Personnel

CEO William (Will) Drummond Dawes

Top of Page