Overview of Lindian Resources' latest announcement

Lindian Resources Limited (ASX: $LIN) has reported the final infill drilling results for the Kangankunde Rare Earths Project in Malawi. The Phase 3 program included forty-five (45) drillholes for 4,886 metres, with significant intersections revealing continuous high-grade mineralisation. The company's Chief Executive Officer, Alistair Stephens, highlighted the completion of the Phase 3 drill program, emphasizing the exceptional quality and scale of the rare earths deposit. Lindian is set to release an updated Mineral Resource Estimate and an Ore Reserve Estimation, followed by the Feasibility Study this quarter.

Executive commentary on Kangankunde project development

Lindian's Chief Executive Officer, Alistair Stephens, expressed satisfaction with the completion of the Phase 3 drill program, which spanned over 20.7 kilometers in less than 15 months. He commended the technical team for defining one of the world's best rare earths deposits, characterized by excellent grade, non-radioactive material, a high NdPr ratio, and substantial scale. Stephens also outlined the upcoming milestones, including the release of an updated Mineral Resource Estimate, Ore Reserve Estimation, and the Feasibility Study, all of which are expected to unlock the project's value.

Summary of Kangankunde Rare Earths Project update

Lindian Resources' completion of the Phase 3 infill drilling program at the Kangankunde Rare Earths Project has revealed continuous high-grade mineralisation, with significant intersections showcasing the exceptional quality of the rare earths deposit. The company is poised to publish an updated Mineral Resource Estimate, including the Indicated component, and an Ore Reserve Estimation, which will provide valuable insights into the project's potential. Furthermore, the upcoming Feasibility Study is expected to showcase the project's compelling economics, supporting the company's ambitions for mine development and construction in the near future.