Sprott Asset Management USA Inc.

SiteVisits

Mkango - Songwe Hill, SE Malawi - Feb 2015

Andrew Jackson visited Mkango's Songwe Hill REE (Rare Earth Elements) property in SE Malawi, on Feb 16-17 2015. Access to the deposit was slower than usual, given the very heavy rains that hit the country in the previous few weeks. However, there is an all weather road to within a few miles of the property and then ungraded tracks from there to site.  There is also a new railway line to the Mozambique coastal port of Nacala that passes within 60kms of the deposit, a critical consideration for both import of reagents and export of product.

The REES are hosted by a carbonatite intrusion, part of the so-called Chilwa Alkaline Province which covers the southern portion of the country.  Mkango has defined a reserve of 8.48 Mt @ 1.6% TREO, with potential to increase this tonnage significantly with further drilling.  Initial metallurgical tests suggest that an REE concentrate can be produced through flotation of the REE minerals (synchysite and apatite), followed by acid leaching at ambient temperature and pressure, to upgrade the concentrate.  The product would be suited to hi-tech magnet production.

Mkango is currently working on a DFS for the project.

Click on the thumbnails to see a full size image and caption.

 

 

 

The foregoing discussions are a result of site visits and are not to be construed as a recommendation, an endorsement or as investment advice. Sprott Asset Management USA, entities that it controls, family, friends, employees, associates, and others may hold positions in these securities, may recommend them to clients, and may sell the same at any time.

List of Galleries

The page you are about to view is not affiliated with Sprott Asset Management USA Inc. or any of its related companies.

Investors should carefully consider the investment objectives, risks, time horizon and liquidity needs before making an investment. Past performance is no guarantee of future returns.

Continue

You are now leaving sprottusa.com and going to another Sprott affiliate website.

Investors should carefully consider the investment objectives, risks, time horizon and liquidity needs before making an investment. Past performance is no guarantee of future returns. Securities discussed may not be a suitable investment for your portfolio.”

Continue