- Mkango Resources said results from recent sampling at the Thambani Project in southern Malawi supported its exploration potential.

"Not only are the uranium results highly encouraging, but the equally positive tantalum and niobium results support that Thambani has significant multi-commodity potential," said Mkango's president, Alexander Lemon.


- Assay results from 85 rock grab samples returned high grade uranium, tantalum and niobium values, ranging up to 3.3 % U3O8, 1.9 % Ta2O5 and 6.0 % Nb2O5. 35 of the samples graded above 500ppm U3O8 and 24 graded above 1,000ppm U3O8.

- The main objectives of the programme were to confirm previously identified high grade mineralisation at the Little Ngona target, ground-truth new geophysical targets and complete further reconnaissance sampling along the East and West Ridges.

- New areas of high grade uranium, tantalum and niobium mineralisation were identified at the foot of the West Ridge and on the East Ridge. Most significantly, a radiometric high at the foot of the West Ridge yielded two of four highest grade samples of this phase of exploration.

At 9:39am: [LON:MKA] Mkango Resources Ltd Cmn Shs Npv Di share price was +0.63p at 3.75p

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