AuKing Mining reported significant step-out RC drilling results at the Tundulu project in Malawi, extending the rare earth footprint 400m west of previous assays. Key intercepts include 72m at 1.51% TREO and a high-grade 20m at 4.26% TREO, supporting the company's goal of a maiden resource by the end of 2026.
AuKing Mining has released its first assay results from the Tundulu rare earths project in Malawi, confirming high-grade TREO and significant heavy rare earth enrichment. The results include intercepts of up to 3.4% TREO and notable yttrium/HREE components, distinguishing the deposit from conventional carbonatites.
Sovereign Metals released a Scoping Study for a monazite rare earth concentrate by-product at the Kasiya project in Malawi. While the study shows significant potential, it identifies critical open items including Class 7 radioactive material handling, export logistics through Tanzania, and pending Malawian mining licenses and fiscal terms.
Sovereign Metals is advancing its Kasiya Critical Minerals Project in Malawi, which features a completed DFS for a 25-year operation producing graphite and rutile. A recent scoping study indicates the potential to recover 1,485 tonnes per annum of total rare earth oxides as a byproduct, offering a high rate of return.
Auking Mining has released its first drill assay results from the Tundulu project in Malawi. The results reportedly show wide, high-grade rare earth intersections with an encouraging heavy rare earths component.
AuKing Mining reported high-grade maiden drilling results at its Tundulu rare earths project in Malawi, featuring significant TREO and HREE+Y enrichment. The company has completed 4300m of RC drilling and aims to deliver a maiden mineral resource estimate by year-end.
AuKing Mining has reported its first RC drill assays from the Tundulu project in Malawi, featuring wide rare earth oxide intercepts including 91m at 1.51% TREO. The results validate historical drilling and show notable heavy rare earth and yttrium enrichment, prompting the company to prioritise a maiden resource estimate.
Sovereign Metals has released scoping study results for a rare earths recovery circuit at its Kasiya project in Malawi. The study indicates an incremental pre-tax NPV of US$722 million and a 151% IRR, with steady-state production of approximately 2,626 tonnes of concentrate per year.
Sovereign Metals has announced that adding rare earth recovery to its Kasiya Rutile-Graphite Project in Malawi could generate an incremental US$722 million pre-tax NPV. The scoping study estimates a 151% pre-tax IRR and a payback period of approximately 1.5 years for the proposed circuit.
Sovereign Metals has released a scoping study for the Kasiya Critical Minerals Project in Malawi, outlining a potential US$722 million pre-tax NPV boost from rare earth recovery. The study includes a maiden monazite resource of 524.4 million tonnes and suggests a high-margin byproduct stream using existing infrastructure.
