Malawi has granted rare earths exploration and development company Mkango Resources (AIM: MKA) a two-year renewal of the prospecting licence for its Songwe Hill project.
Mkango can continue exploring its Songwe Hill project for another two years
The government renewed the Phalombe licence, in which Songwe Hill is situated, from January 21-2019 to January 21, 2021.
The company also holds two other exclusive prospecting licences in the country, the Thambani licence and the Chimimbe Hill licence.
Last week, Mkango reported high-grade assay results from the 10,900m diamond drill programme completed at Songwe Hill.
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