Lindian Resources Ltd
Lindian Resources Limited is a mineral exploration company with rare earths and bauxite assets.
The business
Lindian Resources Limited is a mineral exploration company with rare earths and bauxite assets. It is engaged in exploration and development of the Kangankunde Rare Earths Project. The Company is advancing its portfolio of bauxite projects in Guinea and Tanzania. The Kangankunde Rare Earths Project in Malawi contains high grade rare earths deposits with low impurities and minimal radioactivity and is located approximately 90 kilometers (kms) north of the city of Blantyre in Malawi. 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. The Lelouma Project is located 40km from its high grade Gaoual conglomerate bauxite project. The Woula Bauxite Project is located in Northwestern Guinea. It also has interests in the Lushoto and Pare Bauxite projects in eastern Tanzania’s Mozambique Belt, which includes over eight prospective tenements.
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Latest news
Lindian Resources Signs Iluka Offtake Deal to Advance Kangankunde Development
Lindian Resources (ASX: LIN) has executed a binding offtake agreement and term loan facility with Iluka Resources (ASX: ILU), establishing a cornerstone strategic partnership for the development of the Kangankunde rare earths project in Malawi. The agreement includes a US$20 million (A$32 million) construction term loan and a 15-year offtake for high-grade monazite concentrate, with […]
Lindian Resources flags serious security breach at Kangankunde rare earths project in Malawi
Lindian Resources (ASX: LIN) has confirmed reports that two Chinese nationals were among a group of trespassers at its Kangankunde rare earths project site in Malawi in East Africa. The incident follows a spate of issues involving mining companies in Africa. In November 2024, the Malian government in West Africa detained three executives from Australian […]
Key battery elements dominate first assays from Lindian Resources’ Malawi REE project
Lindian Resources (ASX: LIN) reports that the first two batches of assays from its Kangankunde project have shown that critical battery elements neodymium and praseodymium make up 21% of the total rare earths oxides (TREO) so far drilled. The assays returned from the Malawi-based project are from the first two reverse circulation holes, both of […]
Debt warning for small resource stocks as a rate squeeze worsens
Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect. Rising interest rates impact everyone, but with mining there is a problem in trying to align erratic (commodity exposed) income with fixed […]
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