(NewsDirect)
Lindian ResourcesLtd (ASX:LIN, OTC:LINIF) CEO Alistair Stephens tells Proactive thecompany has joined forces with global metals powerhouse Gerald MetalsSARL to fast-track its Kangankunde Rare Earths Project in Malawi toproducer status by the end of next year. This partnership is two-foldinvolving the sale of 45,000 tonnes of monazite concentrate fromKangankunde’s Stage 1 development to the trading companyheadquartered in London and a finance facility of up to US$10 millionto the rare earths explorer.
“The Kangankunde Rare Earths Project continues todeliver excellent results, including the globally strategic maidenmineral resource estimate reported last month,” Stephensadded.
“With amining licence and environment and social impact assessment licencesgranted, the company is able to quickly move to project developmentfollowing the execution of this sale and purchase contract.
“These are excitingtimes for Lindian and we look forward to making further announcementsas project development works ramp up.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.