Lindian County

Kangankunde Rare Earths Concentrate Sale and Purchase Contract Signed with American Trading House

Retrieved on: 
Tuesday, September 26, 2023
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The Contract provides for the supply and sale of 45,000 tonnes of rare earths concentrate from the Stage 1 development of the Kangankunde Rare Earth Project in Malawi.

Key Points: 
  • The Contract provides for the supply and sale of 45,000 tonnes of rare earths concentrate from the Stage 1 development of the Kangankunde Rare Earth Project in Malawi.
  • Gerald Metals SARL is part of the Gerald Group, the world's largest independent, employee-owned metal trading house, and one of the world's leading global commodity trading companies.
  • "This maiden Sale and Purchase Contract for rare earths concentrate provides one of the key enablers to advance Lindian to producer status by end-2024.
  • A summary of the mineral resource estimate for the Kangankunde Rare Earths Project is shown in the table below.

SECOND DEEP DRILL HOLE INTERCEPTS 1,000 METRES OF MINERALISATION GRADING 2.6% TREO

Retrieved on: 
Monday, September 18, 2023
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SYDNEY, Sept. 17, 2023 /PRNewswire/ -- Lindian Resources Limited (ASX:LIN) ("Lindian" or "the Company") is pleased to advise of the receipt of assay results from KGKDD009, the second of two holes in the Phase 2 depth extension exploration drilling program, and drill hole KGKRCDD083, at the Kangankunde Rare Earths Project, Malawi.

Key Points: 
  • 1,000 metres at 2.6% TREO in KGKDD009 with multiple standout intercepts including:
    805.26 metres @ 2.90% TREO from 152.85 metres, including
    652.41 metres @ 3.0% TREO from 347.59 metres to end of hole (EOH), ~700 metres below base of current resource estimate, including
    In addition to the results from the second deep drill hole, assay results have been received  for KGKRCDD083 of 325 metres @2.49% TREO and averaging ~20% NdPr; this has provided valuable information on the undrilled western boundary of the carbonatite, showing that mineralisation extends further west than originally thought (see figure 3)
    Update on Kangankunde Stage One Project workstreams are pending.
  • We are well into this workstream and will report on results as we update shareholders on mine development."
  • Lindian's Chief Executive Officer, Alistair Stephens commented: "These assays from the second deep drill hole reinforce all of  Kangankande's key characteristics – high grade mineralisation consistent across very thick intercepts, a favourable NdPr ratio and a non-radioactive concentrate for transportation.
  • A standout from this hole is the very high grade mineralisation at depth, and the fact that the hole ended at 1,000 metres in mineralisation exceeding 3.2% TREO; This adds to Kangankunde's potential scale and the quality of its mineralisation.

MOU signed with Compagnie des Bauxites de Guinée for Gaoual Bauxite Project

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Monday, September 4, 2023
Feasibility study, Executive, Partnership, Rio Tinto Alcan, International Finance Corporation, Investment, LIN, Competent person, Resource, ASX, Alcoa, Multimedia, Compagnie des Bauxites de Guinée, Metallurgy, CBG, Sale, Government, ASI, JORC, Mineral resource classification, Geology, Party, Mineral resource estimation, MOU, Pedigree, Gaoual, Assessment, Mineral Resources Limited, Renewable energy, Mining, Rare-earth element, Lindian County

SYDNEY, Sept. 3, 2023 /PRNewswire/ -- Lindian Resources Limited (ASX:LIN) ("Lindian" or "the Company") is pleased to confirm that it has signed a Memorandum of Understanding ('MOU') with Compagnie des Bauxites de Guinée (CBG), to explore the supply of bauxite from its Gaoual project to add to CBG's annual bauxite production through a possible sales contract between the Parties. The MOU provides the framework for the parties to:

Key Points: 
  • They have exceptional pedigree as one of the world's most respected and largest bauxite producers and suppliers.
  • We have been advancing discussions with them for a number of years on the potential development of Guinea's next Conglomerate Bauxite project and this MOU marks a very meaningful step in this process.
  • SYDNEY, Sept. 3, 2023 /PRNewswire/ -- Lindian Resources Limited (ASX:LIN) ("Lindian" or "the Company") is pleased to confirm that it has signed a Memorandum of Understanding ('MOU') with Compagnie des Bauxites de Guinée (CBG), to explore the supply of bauxite from its Gaoual project to add to CBG's annual bauxite production through a possible sales contract between the Parties.
  • The Mineral Resource statement for the Gaoual Bauxite Project was prepared by Mr Mark Gifford, an independent Geological expert consulting to Lindian Resources Limited.

LINDIAN REPORTS MAIDEN MINERAL RESOURCE ESTIMATE OF 261 MILLION TONNES AT HIGH GRADE OF 2.19% TREO

Retrieved on: 
Thursday, August 3, 2023
Diamond, Lithium, Inference, REE, REO, Archimedes, Insitu, Mineral resource estimation, Face, Classification, KNA, Resource, Competent person, ASX, NSR, RC, MRE, Element, HQ, Acquisition, Leapfrog, Mining, Transaction, CRM, RCD, Lac Minerals Ltd v International Corona Resources Ltd, QAQC, ALS, PVC, Rare-earth element, Road, Printed circuit board, Telescopic sight, Rift valley, Lindian County, TB

SYDNEY, Aug. 2, 2023 /PRNewswire/ -- Lindian Resources Limited (ASX:LIN) ("Lindian" or "the Company") is pleased to announce the maiden Mineral Resource Estimate (MRE) for the Kangankunde Rare Earths Project in Malawi of 261 million tonnes averaging 2.19% TREO above a 0.5% TREO cutoff grade. The resource is entirely Inferred status, has been estimated in accordance with JORC 2012 guidelines and is summarised in Table 1.

Key Points: 
  • To date, Lindian has paid US$20.0 million in cash and is the registered owner of 67% of the shares in Rift Valley.
  • Similar to many rare earth deposits, the main rare earth containing mineral in the deposit is monazite.
  • Estimation domaining utilised multi-element relationships from minor rock chemistry and rare earth mineralisation to define five domains within the overall carbonatite limits.
  • The Mineral Resource has been reported above a 0.5% total rare earth oxide (TREO) cut-off.