A new lead has possibly arisen in the tragic disappearance of flight MH370. Officials are investigating possible aircraft wreckage spotted thousands of miles away from the area where searchers have been hunting for the missing Malaysian flight.

"We are aware of a report citing the detection of potential aircraft wreckage in the Bay of Bengal," acting transport minister Hishmmuddin Hussein said on Tuesday. "China and Australia are also aware of this report. Malaysia is working with its international partners to asses the credibility of this information."

On Monday, Australian exploration company GeoResonance believed to have located the wreckage more than 3,000 miles from where the authorities have been looking for the plane off of the western coast of Australia. "We identified chemical elements and materials that make up a Boeing 777. ... These are aluminum, titanium, copper, steel alloys and other materials," Pavel Kursa from GeoResonance told Australia's 7News.

"The wreckage wasn't there prior to the disappearance of MH370," Kursa's colleague David Pope added, according to 7News. The total estimated cost for the Malaysia Airlines Flight 370 as of now is $100 Million and $55 Million more with the new underwater phase. Looking in the wrong place is not only more heartache for the families of the victims but more financial loss in this search.

All that the families of the missing passengers have is the recordings that were released to them between Flight MH370's pilots and ground control. "For the first time, they released a recording of converstations between the airplane cockpit and ground control," said Steve Wang, a spokesperson for the families. "It was not very clear, and it was too loud. It's about 38 minutes."  The final words from the flight deck to air traffic controllers were the routine sign-off: "Good night, Malaysia three seven zero."

The relatives have repeatedly complained that authorities have kept them in the dark about the investigation. Will this new lead be of any hope for closure for the families?