(NewsDirect)
Lindian ResourcesLtd (ASX:LIN, OTC:LINIF) CEO Alistair Stephens tells Proactive about ajust-released exploration target for the Kangankunde Rare EarthsProject which, together with the recently published mineral resourceestimate, establishes the project as one of the world’s largest rareearths projects. The Exploration Target is between 400 million tonnesto 800 million tonnes, grading between 2.0% and 2.7% TREO. He says itfirmly positions Lindian as a major player in the industry with anasset that is fully permitted, licensed for production and has verystrong government and community support.
Executive Chairman Asimwe Kabunga commented:“This Exploration Target is a defining event for Lindian and forMalawi. While our MRE is itself outstanding, the Exploration Targetdemonstrates the potential for the Kangankunde project to growsignificantly with further exploration activity and, is without adoubt, one of the world’s largest rare earths deposits and an assetthat is expected to have a material impact on the rare earths sectorglobally. It firmly positions Lindian as a major player in theindustry with an asset that is fully permitted, licensed forproduction and enjoying very strong Government and Community support.We believe Kangankunde is highly attractive to potential off-takersfor its ability to provide long term consistent product supply.
Further, we are makingexcellent progress for bringing our Stage 1 mining and processingoperation online in late 2024 backed with a strong cashbalance.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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