Lindian Resources a ‘major player’ in global rare earths sector
August 03, 2023 at 12:01 pm EDT
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Lindian Resources Ltd (ASX:LIN, OTC:LINIF) CEO Alistair Stephens talks Proactive through a mineral resource estimate (MRE) for its flagship Kangankunde REE Project in Malawi. The resource has come in at 5.7 million tonnes of contained rare earths which includes 1.2 million tonnes of the key high-value critical mineral elements of neodymium and praseodymium (NdPr). He says with the MRE now published, Lindian is well-placed to advance offtake discussions with multiple parties.
“In a little over 10 months, and based on just 14,000 metres of drilling, Lindian has established a vastly superior rare earths resource that positions us in the top echelons of critical minerals companies globally. It is worth noting that the resource remains open,” Stephens said.
“It is an outstanding outcome and I would like to acknowledge the hard work of our technical team in Malawi, and notably, the support of the Malawi Government and the local community. This MRE underpins the next phase of value catalysts for Lindian including mine and processing development activities and offtake agreements. We have a number of meaningful announcements pending that will deliver further value.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Lindian Resources Limited is a mineral exploration company. The Companyâs principal focus includes the ongoing exploration and development of the Kangankunde Rare Earths Project. In addition, the Company is advancing its portfolio of bauxite projects in Guinea. The Kangankunde Rare Earths Project is located in central Malawi approximately 90 kilometers (km) north of the city of Blantyre in the southern part of the country. The Kangankunde Rare Earths Project is rich in Neodymium and Praseodymium. Its Gaoual Bauxite Project is in northwestern Guinea within the Boke Bauxite Belt. It is situated south of the township of Gaoual in the northern portion of the Kogon-Tomine interfluve, about 65 km northeast of Sangaredi. The Lelouma Project is located just 40km from its high grade Gaoual conglomerate bauxite project. The Woula Bauxite Project is located in North-Western Guinea, and is 10km from an existing haul road connecting to the bauxite export terminal in Katougouma.