Lindian Resources Limited

LIN

AU000000LIN6

Aluminum

Market Closed - Australian S.E. Other stock markets 02:10:47 2024-05-10 am EDT			5-day change	1st Jan Change
0.135 ^AUD	-6.90%		-6.90%	-6.90%

May. 03	Euroz Hartleys Adjusts Lindian Resources’ Price Target to AU$0.46 From AU$0.45, Keeps at Speculative Buy	MT
May. 02	Lindian Resources Updates Resource Estimate for Malawi Rare Earths Project; Shares Up 8%	MT

Lindian Resources welcomes concentrate sale and purchase deal for Kangankunde

September 27, 2023 at 12:51 pm EDT

(via NewsDirect)

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) CEO Alistair Stephens tells Proactive the company has joined forces with global metals powerhouse Gerald Metals SARL to fast-track its Kangankunde Rare Earths Project in Malawi to producer status by the end of next year. This partnership is two-fold involving the sale of 45,000 tonnes of monazite concentrate from Kangankunde’s Stage 1 development to the trading company headquartered in London and a finance facility of up to US$10 million to the rare earths explorer.

“The Kangankunde Rare Earths Project continues to deliver excellent results, including the globally strategic maiden mineral resource estimate reported last month,” Stephens added.

“With a mining licence and environment and social impact assessment licences granted, the company is able to quickly move to project development following the execution of this sale and purchase contract.

“These are exciting times for Lindian and we look forward to making further announcements as project development works ramp up.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Lindian Resources Limited

Euroz Hartleys Adjusts Lindian Resources’ Price Target to AU$0.46 From AU$0.45, Keeps at Speculative Buy	May. 03	MT
Lindian Resources Updates Resource Estimate for Malawi Rare Earths Project; Shares Up 8%	May. 01	MT
Lindian Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 12	CI
Euroz Hartleys Adjusts Lindian Resources’ Price Target to AU$0.45 From AU$0.85, Keeps at Speculative Buy	Mar. 08	MT
Lindian Resources Uncovers Rare Earths at Kangankunde Project	Mar. 07	MT
Lindian Resources Confirms High Recoveries, Concentrate Grades at Malawi Rare Earth Project	Mar. 05	MT
Lindian Resources Starts Trading on OTCQB Venture Market; Shares Up 4%	Feb. 28	MT
Lindian Resources Hits High-Grade Rare Earths Mineralization at Kangankunde Project in Malawi; Shares Decline 3%	Feb. 18	MT
Lindian Resources Identifies Rare Earths at Kangankunde Project	Feb. 01	MT
Lindian Resources Defines Exploration Target at Malawi Rare Earth project	23-10-05	MT
Lindian Resources Limited Publishes an Exploration Target for the Kangankunde Rare Earths Project	23-10-04	CI
Lindian Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-29	CI
Lindian Resources Enters Sale, Purchase Deal With Global Metals Trader; Shares Down 4%	23-09-25	MT
Lindian Resources Advances Development of Kangankunde Project	23-09-20	MT
Lindian Resources Intercepts More Mineralization in Kangankunde Project	23-09-19	MT
Lindian Resources Limited(ASX:LIN) added to S&P Global BMI Index	23-09-18	CI
Lindian Resources Limited Receives Assay Results from KGKDD009	23-09-17	CI
Australian Government Entity Confirms Non-Radioactivity of Lindian Resources’ Rare Earth Concentrates	23-09-07	MT
Lindian Resources Limited Signs Memorandum of Understanding with Compagnie Des Bauxites de Guinee for Gaoual Bauxite Project	23-09-03	CI
Lindian Resources Limited Announces Appointment of Mr. Park Zuliang Wei as A Non-Executive Director	23-09-03	CI
Lindian Resources Limited Announces Board Appointments	23-08-21	CI
Lindian Resources Establishes Maiden Resource of Kangankunde Project; Shares Slump 12%	23-08-03	MT
Lindian Resources Limited Reports Maiden Mineral Resource Estimate of 261 Million Tons At High Grade of 2.19% Treo	23-08-02	CI
Lindian Resources Completes AU$35 Million Placement; Shares Rise 3%	23-07-19	MT
Lindian Resources Uncovers Further Rare Earths at Kangankunde Project	23-07-18	MT

Chart Lindian Resources Limited

Duration

Period

More charts

Company Profile

Lindian Resources Limited is a mineral exploration company. The Companyâs projects include Lelouma Bauxite project, Gaoual Bauxite project, Woula Bauxite project, and Lushoto and Pare Bauxite projects. The Lelouma Project is a Tier one bauxite project and is located approximately 40 kilometers from the Gaoual conglomerate bauxite project. The Gaoual Bauxite project is located within a bauxite mining province in the north-west of Guinea within the Boke Bauxite Belt. The Gaoual Bauxite project is situated south of the township of Gaoual in the northern portion of the Kogon-Tomine interfluve, about 65 kilometers northeast of Sangaredi. The Woula Bauxite project is located in North-Western Guinea approximately 10 kilometers from an existing haul road connecting to the bauxite export terminal in Katougouma. It holds a 51% interest in Lushoto and Pare Bauxite projects. Its subsidiaries include West African Exploration Pty Ltd, West African Exploration Cameroon Ltd, and Tangold Pty Ltd.

Sector

Aluminum

Calendar

2024-09-26 - Q4 2024 Earnings Release (Projected)

More about the company