Mkango Resources jumps on early drill success at flagship Malawi project (MKA)

Rare earth elements firm Mkango Resources (LSE:MKA) shot up 10.3pc to 9.1p this morning after revealing across-the-board success in the first wave of test drilling at its Songwe project in Malawi. The first eight holes of its targeted 10,000m diamond drilling programme at the project all intersected rare earth mineralisation. The firm said that intersections of…

Crusader Resources announces BFS progress at flagship Brazilian gold asset (CAS)

This morning saw Crusader Resources (LSE:CAS) announce that it has discovered an opportunity to reduce capex costs at its flagship Borborema Gold Project in Brazil, leading shares to sit at 1.65p in afternoon trading. As part of an ongoing bankable feasibility study (BFS), Orway Mineral Consultants (OMC) found that the 2Mtpa project’s ore is amenable to…