FURTHER HIGH-GRADE INTERSECTIONS FROM KANGANKUNDE INFILL...

FURTHER HIGH-GRADE INTERSECTIONS FROM
KANGANKUNDE INFILL DRILLING
Infill drilling assays continue to deliver very broad intersections and consistent high grades
HIGHLIGHTS
• Assay results received for a further 14 holes of the Phase 3 infill drilling program
continue to define mineralisation continuity
• Significant intersections include:
❖ 119 metres @ 3.77% TREO from surface to EOH in KGKRC090
❖ 120 metres @ 3.66% TREO from surface to EOH in KGKRC116
❖ 80 metres @ 3.59% TREO from surface to EOH in KGKRC118
❖ 150 metres @ 3.38% TREO from surface to EOH in KGKRC113
❖ 100 metres @ 3.29% TREO from surface to EOH in KGKRC121
❖ 80 metres @ 3.29% TREO from surface to EOH in KGKRC117
• Average grade of rare earths critical metal elements neodymium-praseodymium (NdPr)
of ~20% of TREO
• Samples from the final 10 holes are currently at laboratory and will be reported shortly
• Results from Phase 3 program will be used to define portion of Kangankunde’s current
Inferred Mineral Resource Estimate (MRE) of 261 million tonnes grading 2.19% TREO to
an Indicated category
• Updated MRE including the Indicated Resource category will be reported as part of the
Feasibility Study
• Processing plant engineering and mine development works are proceeding as planned
Lindian’s Executive Chairman, Asimwe Kabunga commented: “All the elements for our Feasibility Study
are now rapidly coming together with these infill drilling assays being an important component of this. We
look forward to reporting the Stage 1 Feasibility Study very soon, and in quick succession, commencing
construction works.”
Lindian’s Chief Executive Officer, Alistair Stephens added: “The results from this infill drill program further
demonstrate Kangankunde’s excellent characteristics – high grade, which is consistent across very broad
intersections, a high NDPr ratio, and of course, the material in non-radio active, a unique feature of the
asset. Results from the final 10 holes will be reported very soon and we will then be able to define an Indicted
portion of the MRE as part of our Feasibility Study.”