OVERVIEW

Strategically located, globally relevant.

Lindian’s three bauxite projects in Guinea – Lelouma, Gaoual, and Woula – are located in one of the world’s premier bauxite mining provinces.

These projects host large-scale, high-quality resources with grades suitable for export to global aluminium producers. The deposits feature favourable mineralogy and are within trucking or rail distance of established port infrastructure at Kamsar and Dapilon.
Lindian’s focus is on unlocking value through strategic alignment with international partners, staged development options and downstream offtake discussions.

 

 

Gaoual Project
  • High-grade DSO potential
  • JORC-compliant resource outlined
  • Complementary to Lelouma in infrastructure proximity
  • Early development or partner-ready asset
Woula Project
  • Smaller-scale opportunity with near-surface mineralisation
  • Potential for early production or blending
  • May serve as a supporting or trial feedstock site
Lelouma Project
  • JORC Inferred Resource of 900 Mt @ 45% Al₂O₃
  • Low reactive silica, ideal for refining
  • Close to existing heavy haul road corridors
  • Large-scale export potential
Mineral Resource Estimate

Gaoual Bauxite – Bouba Plateaux

The Gaoual Bauxite Project (Gaoual Project) is in northwestern Guinea within the Boké 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 Company
has agreements in place to acquire up to 75% of the Gaoual Project. The Gaoual Project’s asset contains conglomerate bauxite at
the Bouba plateaux which is the same type of ore that was initially discovered at the Sangaredi bauxite deposit which is owned by
Compagnie des Bauxites de Guinée (“CBG”).

Resource (Mt)Cut-Off (AI2O3 %)Grade (AI2O3 %)Grade (SiO2 %)Category
High Grade Resources83.84551.211.0%Indicated
Total Resources101.54049.811.5%Indicated

Lelouma Project

In October 2020, an updated Mineral Resource Estimate for the Lelouma Bauxite Project (Lelouma Project) was prepared and reported by SRK Consulting (UK) Ltd, in compliance with the JORC Code. SRK used Ordinary Kriging in Datamine to interpolate major oxide sample grades into a 3D block model (utilising percentage-space conversions to honour grade profiles during estimation) and assessed the estimation quality and fully validated the model. The validation process confirmed the robustness of the parameters used and the resultant model.

The inclusion of new drilling data into the existing database enabled the reporting of a resource of 900 Mt at 45.0% Al2O3 and 2.1% SiO2. This additional exploration work has also enabled the definition of 155 Mt at 47.9% Al2O3 and 1.8% SiO2 within the Measured Mineral Resource category confirming the Project’s potential to produce high-grade ore, delivering some of the highest quality ore into Atlantic and Pacific refinery markets.

Cut-Off CriteriaMineral Resource CategoryTonnes (Mt)AI2O3 (%)SiO2 (%)
>40% AI2O3 <10% SiO2 >1m Thick <1 Strip ratio (waste:ore thickness)Measured15547.91.8
Indicated74344.42.1
Measured + Indicated89845.02.1
Inferred242.92.8
Grand Total M+I+I90045.02.1
Lelouma Project Mineral Resource Statement (Inclusive of the Mineral Resources below in the Table below)
Cut-Off CriteriaMineral Resource CategoryTonnes (Mt)AI2O3 (%)SiO2 (%)
>40% AI2O3 <10% SiO2 >1m Thick <1 Strip ratio (waste:ore thickness)Measured11549.61.8
Indicated28447.62.1
Measured + Indicated39848.12.0
Inferred0.146.12.8
Grand Total M+I+I39848.12.0
Lelouma Project High Grade Portion (Included within the Mineral Resources in the Table above)

Woula Bauxite Project

The Mineral Resource Estimate for the Woula Project was prepared and reported by SRK Consulting (UK) Ltd (“SRK”) by constraining the in-situ model using cut-off grades >34% Al2O3 and <10% SiO2, a maximum stripping ratio of 1:1 (thickness overburden / thickness bauxite) and a minimum bauxite thickness of one metre, all to satisfy the criteria of reasonable prospects for eventual economic extraction1. No pit optimisation was used to constrain the Mineral Resource due to the very shallow and low stripping nature of the deposit. All tonnages and grades are reported on a dry basis. These parameters are guided by and have been validated using SRK’s experience of other Guinea bauxite operations.

Cut-Off CriteriaMineral Resource CategoryTonnes (Mt)AI2O3 (%)SiO2 (%)
>34% Al2O3 10% SiO2 / >1m Thick / <1 Strip Ratio (waste:ore thickness)Inferred6438.73.1
Total6438.73.1
Woula Project Mineral Resource Statement (inclusive of Mineral Resources stated in the below Table)
Cut-Off CriteriaMineral Resource CategoryTonnes (Mt)AI2O3 (%)SiO2 (%)
>40% Al2O3 10% SiO2 / >1m Thick / <1 Strip Ratio (waste:ore thickness)Inferred1941.73.2
Total1941.73.2
Woula Project High Grade (Contained within the Mineral Resources as stated in the Table above)
DEVELOPMENT PLAN

Flexible development, global alignment.

Lindian is pursuing a strategic review of its Guinea bauxite portfolio, with options including:

Lease Agreements
Partnering with aligned operators to share capital requirements, fast-track development and optimise long-term project value.
Staged mine development
Phased approach to unlock early revenue while scaling infrastructure and output in line with market demand that is aligned with port and logistics readiness
Offtake or downstream partnerships
Aligning with global alumina refiners and trading groups to secure long-term demand and enable integrated value chains.
ESG-screened development models
Embedding sustainability, transparency and community benefit into every stage of project planning and execution, to meet modern supply chain standards
WHY GUINEA?

The world’s bauxite powerhouse.

Guinea holds the world’s largest reserves of bauxite and has become the #1 exporter of bauxite globally.

Key strengths include:

Proximity to Europe, China, and India.

Geographically positioned to efficiently supply the world’s largest aluminium markets with reduced shipping time and cost.

Established mining and export infrastructure.

Access to multi-user rail, haul roads and deepwater ports at Kamsar and Dapilon – supporting bulk export at scale.

Active downstream interest from major alumina refiners.

Strategic offtake and processing demand from global alumina producers looking to secure long-term bauxite supply.

ESG-aligned supply chains in a carbon-conscious aluminium industry.

Growing market preference for responsibly sourced bauxite that supports traceable, low-carbon aluminium production.

INVEST

Advancing Guinea’s next generation of bauxite supply.

Lindian’s Guinea portfolio is well-positioned to meet the aluminium sector’s growing demand for high-quality, secure and ethically sourced bauxite.Visit our Investor Centre for project updates, recent announcements and technical reports.