Mkango Resources

TSX / AIM-listed rare earths company focused on developing the advanced-stage Songwe Hill project in Malawi (



  • Songwe Hill project (51% Mkango) is located in southern Malawi, a stable jurisdiction with major road, rail and power developments

  • Bankable feasibility study for Songwe underway based on the 2019 upgraded resource, funded by strategic partner Talaxis, with expected completion in 2nd half of 2021

  • Targeting production of 2,000 tonnes per year of NdPr oxide for >20 years with low capital expenditure

  • Strong focus on ESG – corporate, social responsibility integral to Mkango’s vision with strong track record in Malawi

  • Extensive exploration portfolio in Malawi with potential for rutile, gold, nickel, cobalt, uranium, tantalum, niobium – recent rutile discovery

  • Green technology company, Maginito (75.5% Mkango), established with Talaxis to develop downstream growth opportunities – first investment in UK NdFeB magnet recycler, HyProMag   


Share Price

Strategic Partner: Talaxis

  • Noble Group subsidiary with extensive trading and distribution network throughout Asia and rest of the World

  • Focused on resources critical to green technology supply chains

  • Portfolio of strategic stakes and offtake / marketing arrangements with rare earth companies located globally

  • Talaxis has invested £13 million to date in Songwe and Maginito with a development option for Songwe following completion of the bankable feasibility study – pathway to production

Rare Earth Market

  • Very few advanced stage rare earths projects positioned to meet the demand growth from electric vehicles and wind power

  • Rapid rise in EV sales to fuel a 275% increase in demand for rare earths used in EV traction motors between 2019 and 2025 (Adamas Intelligence)

  • Even with substantial production increases in China and the development of 55,000 tpy new REO production capacity outside China, Adamas Intelligence forecasts a 16,000t NdPr oxide deficit in 2030

Strong Focus on ESG

  • Environmental, Health and Social Impact assessment underway to meet Malawian legislation, IFC performance standards and Equator Principles 

  • Renewable power sources envisaged for the mine and processing plants, hydro, solar and storage.

  • Founding member of the Rare Earth Industry Association and Malawi Extractive Industries Transparency Initiative

  • Strong track record with Corporate, Social Responsibility projects in Malawi focused on improving education and local infrastructure