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: Overview
Overview Mkango (TSX-V: MKA) commenced trading in January 2011 Focused on two 100% owned licences in Malawi: Phalombe (rare earths) Thambani (zircon, uranium) Most advanced project is Songwe – broad zones of rare earth and niobium mineralisation exposed at surface on a hill side Drilled
Slide 5: Capital structure
Capital structure Shares outstanding 37.4m Fully diluted 49.1m Share price (14/5/2012) C$0.40 (range C$0.32-0.98) Market capitalisation (14/05/2012) C$15m Approx. cash position (19/04/2012) C$2m TSX.V MKA Shareholder structure: Leo Mining & Exploration Limited 53% (Leominex) Institutional shareholde
Slide 6: Board of Directors
Board of Directors William Dawes MSc, CFA, MIMMM Alexander Lemon MSc, AIMMM, MCIM London, UK London, UK Chief Executive Officer & Director President & Director - Background in economic geology, corporate finance & - Background in operations management & business business development development in e
Slide 7: Management team, Consultants / Advisors, Research
Management team Burton Kachinjika Sandra Beaulieu Country manager & local company Director Chief Financial Officer Aoife Brady, PhD James Mtegha Principal geologist & mineralogist Exploration geologist Effie Likaku Ansel Zabula Country Administrator & local company Director Exploration geologist Con
Slide 8: Focused on Malawi
Focused on Malawi Successful track record of mine development Smooth transition to new President, Mrs Joyce Banda Major infrastructure developments planned or in progress: Tete – Nacala rail road network Recent rail agreement signed between Vale and Government of Malawi is set to transform
Slide 9: 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 9
Slide 10: Songwe Hill rare earth project
Songwe Hill rare earth project 10
Slide 11: Work programme to date
Work programme to date 2010 work programme Geological mapping, grab sampling and ground geophysics QEMSCAN analysis Completion of technical report for TSX-V listing 2011 work programme: Geological mapping and ground geophysics Systematic surface channel samples - assay results pending
Slide 12: Songwe Hill rare earth project
Songwe Hill rare earth project 12
Slide 13: Stage 1 and 2 drill programme
Stage 1 and 2 drill programme 801650 801700 801750 801800 801850 801900 801950 802000 802050 1 1 fi L 1 1 fi ni 1 ~~ ze \ PX007a PX007b, 0) 25 50 100 150 e N 4 790 34 yo Limited exposure 3 Limited exposure Pa Lg 3 RS \ 3 H BESS H 8 Zz 8 Ziseecees cotee 34 we Lg g _ g ¢ Limited exposure ° 3 o rs 3 3
Slide 14: Stage 1 and 2 drill results to date
Stage 1 and 2 drill results to date PX003: 57.5m @ 3.8% TREO (3.5 – 61.2m) PX013: 66.5m @ 2.3% TREO (5.7 – 72.2m) PX031: 13.0m @ 1.4% TREO (68.0 – 81.0m) PX001: 117.4m @ 1.6% TREO (184.8 – 302.2m) incl. 36.5m @ 1.9% TREO (225.6 – 262.1m) PX023 9.0m @ 1.0% TREO (2.0 – 11.0m) within 299.8m @ 1.0% TREO
Slide 15: PX3 Carbonatite
PX3 Carbonatite Core from PX3 Logging 15
Slide 16: Critical rare earths
Critical rare earths Short term (present – 2015) Medium term (2015 – 2025) Methodology adapted from National Academy of Sciences Criticality is a measure that combines Importance to clean energy technologies – clean Energy Demand (75%); substitutability limitations (25%) Risk of supply disru
Slide 17: Critical rare earths at Songwe
Critical rare earths at Songwe Drill Hole From To Interval Nd2O3 Eu2O3 Tb2O3 Dy2O3 Y2O3 TREO1 % HREO1 % CREO2 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% 23.0% 268.0 290.7 22.7 2,960 130 41 192 1,066 1.7% 11.1% 25.5% PX003 3.5 61.2 57.7 5,179 152 44 198 8
Slide 18: Drill holes superimposed on Th / K radiometrics
Drill holes superimposed on Th / K radiometrics 18
Slide 19: Mineralogical programme
Mineralogical programme Scanning Electron Microscope, NHM, UK Electron Microprobe (EMP), NHM, UK • REE identified in synchysite, apatite & minor florencite • Synchysite often associated with baryte & strontianite • Apatite mainly occurs as bands & veins • EMP indicates that apatite contains signific
Slide 20: Scoping metallurgical test work
Scoping metallurgical test work Mintek, South Africa engaged to complete scoping metallurgical test work Longstanding experience in rare earths Supported by significant mineralogical dataset generated in house by Mkango Scope of work focused on: Flotation Hydrometallurgy PX3 colour monta
Slide 21: Thambani zircon
Thambani zircon 21
Slide 22: Contact Details
Contact Details Will Dawes Alex Lemon Chief Executive President will@mkango.ca alex@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