(NewsDirect)
Lindian Resources Ltd(ASX:LIN, OTC:LINIF) CEO Alistair Stephens talks Proactive through amineral resource estimate (MRE) for its flagship Kangankunde REEProject in Malawi. The resource has come in at 5.7 million tonnes ofcontained rare earths which includes 1.2 million tonnes of the keyhigh-value critical mineral elements of neodymium and praseodymium(NdPr). He says with the MRE now published, Lindian is well-placed toadvance offtake discussions with multiple parties.
“In a little over 10months, and based on just 14,000 metres of drilling, Lindian hasestablished a vastly superior rare earths resource that positions usin the top echelons of critical minerals companies globally. It isworth noting that the resource remains open,” Stephens said.
“It is an outstanding outcome and I wouldlike to acknowledge the hard work of our technical team in Malawi, andnotably, the support of the Malawi Government and the local community.This MRE underpins the next phase of value catalysts for Lindianincluding mine and processing development activities and offtakeagreements. We have a number of meaningful announcements pending thatwill deliver further value.”
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Proactive Investors
JonathanJackson
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jonathan@proactiveinvestors.com
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