Lindian Resources provides update on Kangankunde Rare Earths Project

Lindian Resources Limited (ASX: $LIN) has provided an update on the metallurgical test work for the Kangankunde Rare Earths Project in Malawi. The test work has reaffirmed both high recoveries and concentrate grades, with the company nearing completion of the extensive 12-month program.

Executive commentary on metallurgical test work

We are pleased to again confirm high recoveries and concentrate grades from our extensive metallurgical test work program which has been ongoing for the past 12 months and is now nearing completion. The results are key for defining OPEX for our pending Feasibility Study for Stage 1 mine development and will be instrumental in benchmarking Kangankunde's concentrate grade and recoveries against existing producers. We expect the results will showcase Kangankunde's very robust project economics. These metallurgical results clearly demonstrate an advanced understanding of input parameters and material variability necessary for Kangankunde's pending Stage 1 Feasibility Study. We are very encouraged by the results. We anticipate that we will also report final assay results for the Indicated Resource definition, and complete mine design and mining schedules this month. 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.

Summary of Kangankunde Rare Earths Project update

Lindian Resources has confirmed high recoveries and concentrate grades from the metallurgical test work for the Kangankunde Rare Earths Project. The test work has provided a strong understanding of feed grade, recovery & concentrate grade relationships, with the company nearing completion of the program. The results are expected to define OPEX for the pending Feasibility Study for Stage 1 mine development and benchmark Kangankunde's concentrate grade and recoveries against existing producers. The company anticipates reporting final assay results for the Indicated Resource definition, completing mine design and mining schedules, and finalizing the construction contract for Stage 1 development. The Kangankunde Rare Earths Project is poised to be a low-cost start-up operation, showcasing robust project economics.