Introducing: Kangankunde Rare Earths Project

Lindian Resources (ASX:LIN) is an ASX-listed Australian company with world class rare earths and bauxite assets critical to EVs and a range of other industries including electronic infrastructure, solar panels, rechargeable batteries, wind turbines, medical imaging and manufacturing.

On 4 August 2022, Lindian Resources Ltd announced it had entered into an agreement to acquire 100% of the Kangankunde Rare Earths Project in Malawi. Kangankunde Rare Earths Project is a globally significant rare earth resource in potential for size, grade and quality. Hosting a carbonite intrusive with outstanding grades of up to 23.7% TREO that importantly contains very low thorium. Simple metallurgy. Tenured mining licence; close to logistical infrastructure.

Kangankunde Rare Earths Project is an an asset now recognised as the largest reported rare earths deposit globally outside of China, and justifying its nickname of ‘The King’. This is underpinned by a Mineral Resource Estimate of 261 million tonnes averaging 2.19% TREO encompassing 5.7 million tonnes of contained rare earths including 1.2 million tonnes of critical metal elements neodymium praseodymium (NdPr) with an NdPr ratio averages 20.2% of TREO.

As well as having excellent grade, being well endowed with light rare earths that are essential for the energy transition, and the material being largely non-radioactive, Kangankunde is fully permitted for production which has allowed us to implement an aggressive works program to rapidly bring the project into production, targeting late 2024.

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