Project Overview
100% owner of 3 highly prospective Heavy Rare Earths & Critical Metals Projects in Southern Malawi, a proven region for hosting economic REE deposits:
– Machinga – HREEs & Nb
– Salambidwe – REEs & Nb
– Ngala Hill – Pd-rich PGEs, Cu & Ni
Includes near surface high-grade historical drilling and workings
Significantly under explored – potential to define new mineralised zones
Initial exploration to focus on significant historical REE drill results
Walk-up Drill ready targets – up to 5,000m of initial drilling (DD&RC) planned to commence at Machinga Main Zone
Experienced management and in-country team
~40km east of Lindian’s (ASX:LIN) Kangankunde Project
Attractive & Stable Mining Jurisdiction hosting major REE/critical metal deposits, including:
Lindian Resources
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“Kangankunde” is a rare earths project of potential global significance with the carbonatite hosting outstanding high-grade intercepts showing continuous rare earths mineralisation over the entire length of holes from surface. 10 bagger share price increase in 12-months! |
Globe Metals
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“Kanyika” JORC 2012 Combined Mineral Resource of 68.3Mt Nb2O5 (ppm) positioned to be the first niobium mine in Africa |
Mkango Resources
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“Songwe Hill” carbonatite-hosted total Measured and Indicated JORC 2012 Resource of 21Mt at 1.41% TREO |
Sovereign Metals
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“Kasiya” is the world’s largest natural rutile deposit JORC 2012 Indicated Mineral Resource of 1.8Bt at 1% rutile and 1.5% graphite |