A piece of metal believed to be debris from the missing Flight MH370 has washed up off the coast of Mozambique.

The object, thought to be part of the plane's horizontal stabilizer, was found on a sandbank in the Mozambique channel, which separates the African continent and Madagascar.

The only other piece of debris confirmed to be from MH370, which went missing in March 2014, was found on an island on the other side of Madagascar in July.

The object, thought to be part of the plane's horizontal stabilizer (seen on the tail of this Boeing 777), was found on a sandbank in the Mozambique channel

The discovery is being analysed by investigators in Malaysia, Australia and the U.S., who say there is a 'good chance it derives from a Boeing 777,' NBC News reports.

Early analysis indicates that the object could be a part of the missing Boeing 777's horizontal stabilizer, the reports states.

The news comes nearly two years to the day since the disappearance of the Malaysia Airline's flight, which vanished enroute from Kuala Lumpur to Beijing with 239 people on board.

Last July a two-metre-long wing part known as a flaperon washed up on a beach on the island of Reunion, located in the Indian Ocean, across Madagascar from where the latest debris was found.

French authorities subsequently confirmed 'with certainty' two months later than the wing part found on the remote island was from MH370.

The only other piece of debris confirmed to be from MH370, which went missing in March 2014, was found on an island on the other side of Madagascar in July (pictured)

Officers carrying pieces of debris washed ashore in Saint-Andre de la Reunion, eastern La Reunion island, which was later confirmed as being from MH370

Tests were carried out on the flaperon, which was found on La Reunion in July, by the French body responsible for civil aviation accident investigations.

The 6ft-long wing flap washed up 3,500 miles from the doomed jet's last-known location, fuelling hopes across the world that one of aviation's greatest mysteries could finally be solved.

Last month, a large chunk of metal found washed up on a Malaysian beach in the Gulf of Thailand was believed to be from MH370, but was soon dismissed as being from a Japanese rocket.

It was the second time January that Malaysian authorities dismissed speculation that wreckage from the jet had been found, after a similar piece of ocean debris recovered from a beach in Southern Thailand proved not to be from MH370.

The news comes nearly two years to the day since the disappearance of the Malaysia Airline's flight, which vanished enroute from Kuala Lumpur to Beijing with 239 people on board.