Press Release

Lindian Resources a major player in global rare earths sector

August 3, 2023 Cloud PR Wire Comments Off

–News Direct–

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.