Lindian Resources Limited advised of the receipt further assays from the Phase 1 drilling program at the Kangankunde Rare Earths Project in Malawi. The assays reported below are from fourteen (14) additional reverse circulation (RC) drill holes (being holes KGKRC015 to KGKRC031 inclusive, excepting holes KGKRC017, KGKRC018 and KGKRC026, which remain in the laboratory undergoing analysis. The assays reported include results from one core drill hole (DD), hole KGKDD002.

All holes have extensive intersections of mineralisation which are non-radioactive and having significant percentages of critical Rare Earths metal elements neodymium and praseodymium (NdPr). The Company also confirms that metallurgical test work is underway in Perth Australia on a 1 tonne sample with preliminary results anticipated in the near term. DRILL ASSAY RESULTS The holes being reported in this announcement were designed to evaluate three areas: a) the central northern area of the carbonatite complex; and b) the central western side of the carbonatite complex; and c) the central ridge of the carbonatite complex.

Holes KGKRC20, KGKRC025, KGKRC028, KGKRC030 are part of a radial pattern of holes testing the central northern area of the carbonatite complex. KGKRC020 drilled on an azimuth of 290 at a dip angle of -45o and intersected carbonatite/carbonatite breccia zones over its entire length, assaying 167 metres at 2.85% TREO; including 134 metres at 3.14% TREO from surface. The distribution of grade is very similar to the corresponding portion of that previously reported for hole KGKRC0011 (110 metres from surface averaging 2.89% TREO) and hole KGKRC0062 (300 metres from surface averaging 2.30% TREO), both of which were drilled in the same section.

Holes KGKDD002, KGKRC015 and KGKRC016 were drilled in the western side of the central carbonatite targeting western zones of high-grade carbonatite hosted mineralisation previously reported3 in KGKRC005 (117 m at 2.8% TREO) and KGKRC007 (186 metres at 3.0% TREO). All holes returned mineralised intervals of carbonatite and mixed breccia, with grades consistently at or above 2% TREO. The best results for these holes were returned for hole KGKDD002 with 126 metres at 2.82%.

The existence of lower grade mineralisation in the breccia material is highly encouraging as the breccia had received little historic exploration interest for rare earths mineralisation. Holes KGKRC019, KGKRC021, KGKRC022, KGKRC024, KGKRC027, KGKRC029, and KGKKRC031 all tested the central ridge area of the carbonatite. Mineralisation was mixed with carbonatite intersected in KGKRC027 (80 metres at 2.63% TREO from surface then 60 metres at 2.45% TREO from 100 metres) being the most consistent.

Further south of KGKRC027, intersections were lower grading between 1.3% and 1.5% TREO with holes KGKRC021, KGKRC022 and KGKRC024 and the upper portion of KGKRC029 potentially within a fault disrupted zone. The lower 26 metres of KGKRC029 gave the highest-grade intersection seen at Kangankunde to date (26 metres at 6.15% TREO) this included a 3 metre zone averaging 15.26% TREO with a peak assay of 18.8% TREO in a 1 metre interval. Core drilling is currently extending this hole to establish the full extent of the intersection.

Hole KGKRC031, the southern-most hole with assay data received, intersected 175 metres at 2.31% TREO. The intersection in KGKRC031 is very encouraging for more high-grade mineralisation to exist in this area given that this southern area has not been historically tested by trenching or drilling and little is known about the geology.