Canadian mining firm, Mkango Resources reported a 60% increase in mineral resource on its Songwe Hill Rare Earths Mine in Phalombe.

The exploration project that has been recently renewed with licenses, will trigger 7m milestone investment from Talaxis (a subsidiary of Noble Group) to fund completion of the feasibility.

Mkango Resources Limited Chief Executive Officer William Dawes said the development would expand operations, extend the mine life, reduce the strip ratio and reduce mining cost.