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.”
LIN Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
