From Aluminium Insider:The Woula project is just over 6 miles from existing infrastructure and consists of an estimated 19 million metric tons of bauxite with a content of 41.7 percent aluminium oxide. All together the ore is under 40 miles from the Katougouma bauxite export terminal, which is owned and operated by China’s SMB. Lindian was quick to point out that Guinea’s government enforces a generous infrastructure-sharing policy, implying that a deal to use the road and port facilities is likely to happen. The firm says it will initiate talks to share infrastructure presently, and it expects to ship around one million metric tons of bauxite ore from Woula per annum.
The Lelouma project consists of an estimated 900 million metric tons of bauxite, with 398 million metric tons consisting of higher-grade bauxite. Meanwhile, Gaoul is an operation to extract an estimated 101.5 million metric tons of bauxite ore, with 84 million metric tons of it estimated to be high-grade bauxite.Based in Perth, Lindian owns several mining licenses for gold in two outcroppings in Tanzania in addition to the tenements granted for the Lushoto Bauxite Project in 2018.
Unbelievable that Lindian is trading around 2 CENTS! A staggering amount of resource ($$) in the ground. As stated by other posters aluminium has applications in almost all technologies and will always be in high demand at this scale and quality! Easy to mine with existing infrastructure to ship. Pick up more now for peanuts while you can!
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