Slide 1: Mkango Resources
Mkango Resources Strategic metals - frontier markets September 2011 1
Slide 2: Disclaimer
This Presentation has been prepared by Mkango Resources Limited (the “Company”) solely for its use at informational meetings relating to it or is being delivered for information purposes only. By attending the meeting where this Presentation is made, or by reading the presentation slides, you agree
Slide 3: Forward-looking statements
This presentation may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as 'expects', 'anticipates', 'intends' or the negative of these terms and other similar expressions of
Slide 4: Mkango overview
Mkango overview Mkango (TSX-V: MKA) is an African focused rare earth exploration company – most advanced project is the Songwe project in Malawi, which was previously drilled in late 1980s Broad zones of REE1 and niobium bearing carbonatite, breccia and fenite exposed at surface, open to depth -
Slide 5: Technical, corporate finance and international business development expertise
Technical, corporate finance and international business development expertise…. William Dawes, BSc, MSc, CFA, MIMMM Alexander Lemon, BSc, MSc, AIMMM, MCIM London, United Kingdom London, United Kingdom Chief Executive Officer and Director President and Director Mr Dawes, is a graduate of Bristol Univ
Slide 6: …with experienced board and management team
…with experienced board and management team David Berg Adrian Reynolds Calgary, Alberta Cape Town Canada South Africa Non-Executive Director Non-Executive Director • 28 years of consecutive service with Loblaw Companies Limited, • Over 30 years experience in the natural resources sector, including m
Slide 7: Capital structure
Capital structure Shares outstanding 37.4m Fully diluted 49.1m Share price (16/11/2011) C$0.63(range C$0.45-0.98) Market capitalisation (16/11/2011) C$23.6m TSX.V MKA Shareholder structure: Leo Mining & Exploration Limited 53% (Leominex) Institutional shareholders 14% 7
Slide 8: Current focus on Malawi
Current focus on Malawi Global Peace Index Rank 2011 Iceland 1 Canada 8 Germany 15 United Kingdom 26 Botswana 35 Malawi 39 Mozambique 48 Zambia 52 Namibia 54 Tanzania 56 South Africa 118 DRC 148 Afghanistan 150 Source: Institute for Economics & Peace Economics Intelligence Unit 8
Slide 9: Growing infrastructure network in Malawi
Growing infrastructure network in Malawi Growing minerals sector and successful Malawi ore corridor agreement 23 May 2011 track record of mine development AFRICA: Brazilian mining company Vale signed a memorandum of understanding with the Malawian government in April covering construction of a 100
Slide 10: Road access to major commercial centre
Road access to major commercial centre 3 year licence (1,283km2) awarded January 2010, renewable for another 2 years and a further 2 years thereafter if conditions met CF G Expenditure commitment of approximately US$300,000 over first 3 year period A B DE SONGWE I H 10
Slide 11: Songwe Hill rare earth project
Songwe Hill rare earth project 11
Slide 12: Technical team, consultants and research
Technical team, consultants and research EXPLORATION Aoife Brady, BSc, PhD Paul Armitage, BSc, MSc - Graduate of National University of Ireland Galway (First Class Honours) - Graduate of University of Tromsø, Norway - Subsequently awarded PhD: The role of carbonate in diatreme-related - Senior geolo
Slide 13: Highlights from recent drill results
Highlights from recent drill results PX001 117.4m grading 1.6% TREO (184.8 – 302.2m), including 36.5m grading 1.9% TREO (225.6 – 262.1m), within a broader mineralized intersection of 299.8m grading 1.0% TREO (2.4 – 302.2m EoH) PX003 57.5m grading 3.8% TREO (3.5 – 61.2m) PX004 113.8m grading 1.7% TRE
Slide 14: 2011 drill holes and geological mapping to date
2011 drill holes and geological mapping to date 57.5m @ 3.8% TREO 13.0m @ 1.4% TREO 117.4m @ 1.6% TREO (184.8 – 302.2m) incl. 36.5m @ 1.9% TREO (225.6 – 262.1m) within 299.8m @ 1.0% TREO (2.4 – 302.2m) 9.0m @ 1.0% TREO (2.0 – 11.0m) 12m @ 1.0% TREO (29.0 – 41.0m) 113.8m @ 1.7% TREO (14.6 – 128.4m) i
Slide 15: 2011 drill holes superimposed on gravity
2011 drill holes superimposed on gravity 15
Slide 16: 2011 drill holes superimposed on Th / K radiometrics
2011 drill holes superimposed on Th / K radiometrics 16
Slide 17: Elevated heavy rare earth mineralisation
Elevated heavy rare earth mineralisation Drill Hole From To Interval Nd2O3 Eu2O3 Tb2O3 Dy2O3 Y2O3 TREO % HREO1 m m m ppm ppm ppm ppm ppm % + Y2O3 PX001 225.6 262.1 36.5 3,145 128 38 176 893 1.9% 8.9% 268.0 290.7 22.7 2,960 130 41 192 1,066 1.7% 11.1% PX003 3.5 61.2 57.7 5,179 152 44 198 844 3.8% 4.6
Slide 18: Drilling at Songwe Hill
Drilling at Songwe Hill Mobilizing to PX11 Drilling at PX24 18
Slide 19: Carbonatite intersected in majority of holes
Carbonatite intersected in majority of holes Core from PX3 Logging 19
Slide 20: Other initiatives
Other initiatives SOCIO ENVIRONMENTAL Employment of local people at the exploration site Water borehole drilled to supply Mphembezu school and Namalamba village Two other water boreholes refurbished in the area Improvement of local infrastructure Donations of school and sporting equipment
Slide 21: Key value drivers
Key value drivers Evaluation of potential processing flow sheet options Representative sections of core being selected for scoping metallurgical test work in 2012 Mineralogical analysis continuing Resource definition Fast track ground truthing with hand held Niton XRF Stage 2 drilling to c
Slide 22: Contact Details
Contact Details Will Dawes Alex Lemon David Berg Chief Executive President Director will@mkango.ca alex@mkango.ca dave@mkango.ca Mkango Resources Ltd Suite 1400, 700 – 2nd Street SW, Calgary, Alberta T2P 4V5 P +1 403 444 5979 F +1 403 351 1703 22
Slide 23: Appendix – selected Stage 1 drill results
Appendix – selected Stage 1 drill results Drill Hole From To Interval La2O3 Ce2O3 Pr2O3 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb2O3 Dy2O3 Y2O3 Other1 TREO Nb2O5 % HREO 2 m m m ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % % + Y2O3 PX001 2.4 302.2 299.8 2,464 4,539 474 1,593 237 71 172 22 100 460 85 1.0% 0.15% 8.9
Slide 24: Appendix – selected Stage 1 drill results
Appendix – selected Stage 1 drill results Drill Hole From To Interval La2O3 Ce2O3 Pr2O3 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb2O3 Dy2O3 Y2O3 Other1 TREO Nb2O5 % HREO 2 m m m ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm % % + Y2O3 PX011 1.3 86.2 84.9 (i) 2,081 4,359 524 1,894 314 89 224 27 130 631 110 1.0% 0.15%