Lindian Resources See Potential For Low-Cost Start-Up At Kangankunde Rare Earths Project In Malawi

Lindian Resources Ltd (ASX: LIN) is well-funded to fast-track the development of its world-class Kangankunde Rare Earths project in Malawi.

Kangankunde is considered a Tier One rare earths asset with uniquely non-radioactive material, currently hosting 261 million tonnes averaging 2.19% TREO above a 0.5% TREO cutoff grade.

Test work confirms recoveries of 70% TREO are achievable with concentrate grades ranging from 55% to 68% TREO, highlighting the quality of the project.

Importantly, the latest metallurgical results demonstrate an advanced understanding of input parameters and material variability necessary for Kangankunde’s pending Stage 1 Feasibility Study.

Upcoming news flow for Lindian is expected to deliver final assay results for the Indicated Resource definition, along with the complete mine design and mining schedules.

Lindian is well funded with $20 million in the bank.

Alistair Stephens, CEO, commented: “We are very close to the final stages of the construction contract for Kangankunde’s Stage 1 development, and we are confident this will confirm Stage 1 as a low-cost start-up operation.”

Lindian is angling Kangankunde to be positioned as a lowest-cost quartile producer of monazite concentrate.



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