Kazakhstan: a critical downstream rare earths platform.
The SARECO plant in Kazakhstan underpins Lindian’s transition to an integrated rare earths producer, located in a well-established industrial jurisdiction with existing infrastructure, workforce and permitting to support near-term MREC production.
The SARECO plant provides Lindian with an established hydrometallurgical processing facility capable of converting Kangankunde monazite concentrate into higher-value Mixed Rare Earth Carbonate. Independent testwork has confirmed strong recoveries and low radionuclide content, supporting a conventional processing flowsheet and broad downstream market acceptance.
The acquisition delivers a capital-efficient pathway to downstream production, with an operational plant, existing infrastructure and permits already in place. Integration with Kangankunde feedstock is expected to support first MREC production in Q4 2026, positioning Lindian as an emerging integrated rare earths producer.
Fast-tracking downstream production through an established facility.
Lindian’s downstream strategy is focused on advancing the SARECO Mixed Rare Earths Carbonate (MREC) hydrometallurgical processing facility in Stepnogorsk, Kazakhstan towards MREC production, providing the Company with an accelerated and capital-efficient pathway into downstream rare earth processing.
Following the completion of comprehensive legal, tax, technical and environmental due diligence, Lindian has agreed to acquire 100% of the SARECO processing facility, with the definitive Sale and Purchase Agreement now executed. Full ownership will provide Lindian with operational and marketing control over SARECO facility operations and MREC production, while the additional land and warehousing included in the transaction provide capacity to support future expansion further downstream.
Approximately 12,500 tonnes per annum of monazite concentrate from Stage 1 of the Kangankunde Rare Earths Project is expected to feed the facility, while the Company is also evaluating alternative feedstock available in Kazakhstan to provide additional flexibility around the timing and source of initial feed. First processing at the SARECO facility is targeted from Q4 2026, aligned with planned first production at Kangankunde.
Together, Kangankunde and SARECO provide Lindian with a clear pathway towards an integrated mine-to-MREC supply chain, supporting the Company’s downstream growth strategy.
Lindian Acquires Remaining 49% Interest for 100% Ownership in SARECO Operating Hydromet Facility
An established industrial jurisdiction with strategic advantages.
Kazakhstan is a long-standing global mining and processing jurisdiction, offering the infrastructure, industrial capability and strategic positioning required to support downstream rare earths production.
Key strengths include:
Proximity to established infrastructure and logistics networks
The SARECO plant is located in Stepnogorsk, within an established industrial precinct with access to power, reagents, transport infrastructure and export pathways.
Existing permits and operating history
The plant has a prior operating history and established permitting framework, supporting a streamlined pathway to recommissioning and commercial operation.
Established industrial and regulatory framework
Kazakhstan has a well-developed mining and industrial sector with a track record of supporting large-scale resource and processing operations.
Experienced workforce and operational capability
The facility benefits from access to a skilled local workforce with experience in hydrometallurgical processing and industrial operations.
Strategic relevance to global supply chains
Kazakhstan is increasingly recognised as a key jurisdiction for critical minerals, with strengthening cooperation with the United States on supply chain diversification and growing importance in supporting non-Chinese rare earths processing.
Strategic assets entering development phase
Kangankunde is widely recognised as one of the world’s most exciting rare earths projects, complemented by Lindian’s Kazakhstan MREC plant, which together form a fully integrated upstream and downstream rare earths platform.
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