Mkango Commences Final Stage of Hydrometallurgy Piloting for the Songwe Hill Rare Earths Project in Malawi
Mkango Commences Final Stage of Hydrometallurgy Piloting for the Songwe
Hill Rare Earths Project in Malawi
Highlights
• Mkango has commenced the final stage of hydrometallurgy piloting at ANSTO in Australia following an
extensive phase of flow sheet development and optimisation
• Mkango has already successfully completed flotation piloting and five out of six hydrometallurgy pilot
campaigns testing all aspects of the optimised processing flow sheet
• The targeted product will be a high grade, purified mixed rare earth carbonate, which is expected to feed
Mkango’s Pulawy separation plant development in Poland, feasibility studies for which are continuing in
parallel
• This is an integral part of the feasibility study for Songwe, and Mkango joins the ranks of very few rare earth
companies globally which have reached this stage of development
LONDON and VANCOUVER, British Columbia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V:
MKA) (the "Company" or "Mkango") is pleased to announce the commencement of the final stage of hydrometallurgy pilot
plant test work for the Songwe Hill Rare Earths project in Malawi (“Songwe” or the “Project”). Design and engineering studies
by lead engineer SENET (a DRA Global Group Company) are nearing completion, with the Songwe Feasibility Study targeted
for the first quarter of next year.
Rising rare earth prices and concerns over security of supply provide a favourable market backdrop, with accelerating demand
geared to growth in green energy and technology applications.
The piloting of the hydrometallurgy processing flowsheet is an integral part of the Feasibility Study and a critical step towards
commercialisation of the Songwe project. The feed for the hydrometallurgy pilot plant is flotation concentrate derived from the
highly successful flotation pilot programme completed earlier in the year.
William Dawes, Chief Executive of Mkango stated: “This is a major milestone for the development of Songwe and further
cements the Company as being one of very few advanced stage rare earth project developers positioned to meet demand from
accelerating growth in the electric vehicle sector, wind power generation and other industries driven by decarbonisation of the
economy.
“Mkango’s integrated “mine, refine, recycle” strategy is progressing on all fronts, encompassing development of sustainably
produced light (NdPr) and heavy (Dy/Tb) rare earths from Malawi, a rare earths separation and downstream hub in Poland,
working with major Polish fertilizer and chemicals company, Grupa Azoty Pulawy, and rare earth magnet (NdFeB) recycling in
the UK and Germany, via our interest in HyProMag.”
Scientific and technical information contained in this release has been approved and verified by Nicholas Dempers Pr.Eng
(RSA) Reg. No 20150196, FSAIMM of SENET (a DRA Global Group Company), who is a "Qualified Person" in accordance
with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About Mkango
Mkango's corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium,
dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean technologies.
This integrated Mine, Refine, Recycle strategy differentiates Mkango from its peers, uniquely positioning the Company in the
rare earths sector.
Mkango is developing Songwe Hill in Malawi with a Feasibility Study targeted for completion in Q1 2022. Malawi is known as
"The Warm Heart of Africa", a stable democracy with existing road, rail and power infrastructure, and new infrastructure
developments underway.
In parallel, Mkango and Grupa Azoty PULAWY, Poland's leading chemical company and the second largest manufacturer of
nitrogen and compound fertilizers in the European Union, have agreed to work together towards development of a rare earth
Separation Plant at Pulawy in Poland. The Separation Plant will process the purified mixed rare earth carbonate produced at
Songwe.
Through its ownership of Maginito ( www.maginito.com), Mkango is also developing green technology opportunities in the rare
earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and
separation technologies. Maginito holds a 42% interest in UK rare earth (NdFeB) magnet recycler, HyProMag
(www.hypromag.com) with an option to increase its interest to 49%.
Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile exploration project, the Thambani
uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.
For more information, please visit www.mkango.ca
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as
stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this
inside information is now considered to be in the public domain.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with
respect to Mkango, its business and the Project. Generally, forward looking statements can be identified by the use of words
such as “plans”, “expects” or “is expected”, “scheduled”, “estimates” “intends”, “anticipates”, “believes”, or variations of such
words and phrases, or statements that certain actions, events or results “can”, “may”, “could”, “would”, “should”, “might” or
“will”, occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward
-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will
occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and
uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially
from any estimates or projections of future performance or results expressed or implied by such forward-looking statements.
Such factors and risks include, without limiting the foregoing, governmental action relating to COVID-19, COVID-19 and other
market effects on global demand for the metals and associated downstream products for which Mkango is exploring,
researching and developing, results from the current pilot plant studies, the results of the current exploration programme at
Mchinji, the development of a separation plant, the positive results of a feasibility study on the Project and delays in obtaining
financing or governmental or stock exchange approvals. The forward-looking statements contained in this news release are
made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.
For further information on Mkango, please contact:
Mkango Resources Limited
William Dawes
Chief Executive Officer
Canada: +1 403 444 5979
Alexander Lemon
President
www.mkango.ca
@MkangoResources
Blytheweigh
Financial Public Relations
Tim Blythe
UK: +44 207 138 3204
SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Jeff Keating, Caroline Rowe
UK: +44 20 3470 0470
Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing
UK: +44 20 7186 9004/5
Bacchus Capital Advisers
Strategic and Financial Adviser
Richard Allan, Andrew Krelle
UK: +44 20 3848 1642 / +44 79 5636 2903
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the
Company in the United States. The securities of the Company will not be registered under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States to, or for the account or
benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.