Mkango Resources Ltd. announced that the Government of Malawi has granted a further two year renewal for Exclusive Exploration Licence 0284/10R in southeast Malawi. Mkango's project, the Songwe Hill rare earth project is located in the Phalombe Licence. The Phalombe Licence has been renewed for a further period of two years, effective January 20, 2013 and grants the exclusive rights to carry on prospecting operations for all 17 rare earth elements including yttrium in addition to strontium, niobium, iron ore, manganese, gold, silver, copper, bauxite, fluorite, phosphate, uranium, thorium, monazite, nepheline syenite, zircon, tantalum, clay, kaolinite, and associated minerals, over an area of 1,283 km2.

The expenditure commitment for the Phalombe EPL is 150,000,000 Malawian Kwacha $429,800 based on MK349 exchange rate over two years. The licence is renewable for a further two year period in January 2015.