- Mkango Resources is in the process of acquiring from the Malawi Geological Survey new airborne geophysical data covering the majority of the Phalombe and Thambani exclusive prospecting licences in Malawi.

The nationwide airborne geophysical survey was part of a US$25 million World Bank funded project. The airborne geophysical component of the project comprised the following:

- High resolution airborne geophysics flown at 250 metre spacing

- Uranium, potassium and thorium radiometric surveys

- Magnetic survey

- Gravity survey

- Raw data production

Mkango president Alexander Lemon said: "We believe GEMMAP will significantly enhance Malawi's credentials as an investment destination for exploration and mining and we look forward to spearheading development of the sector, working closely with the Government of Malawi. Auspiciously, GEMMAP was launched on the same day as Mkango's very successful listing on AIM."

At 2:36pm: [LON:MKA] Mkango Resources Ltd Cmn Shs Npv Di share price was -0.25p at 4.75p

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