Lindian Resources 2023

Lindian Resources 2023
Following is an overview of announcement contents for 2023.
January
2022 closed with the LIN shareprice at 15.5c and opened the new year trading on 5^th Jan at 23cents.
January saw the appointment of current Coy Sec in Michael Fry.
The Kangankunde Project drilling update revealed high grades of TREO up to 11.8% from 5,500 meters of drilling.
The second tranche was paid to Rift Valley owners.
Shareprice range for the month….….17.5c – 32c.

February
The Feb announcement continued to report high levels of TREO with non- radioactive mineralisation.
It was a very quiet month from a reporting viewpoint.
Shareprice range for the month……19c – 26c

March
During early March Alistair Stephens presented at the Euroz Hartleys Conference.
High grade rare earths assays including average NdPr of ~21% continued to be reported during the month.
Over 11,000 meters of drilling had been completed.
A placement of $9m at 26cents at a 10.5% premium was executed. One investor contributed $7.5m and another $1m.
Shareprice range for the month……21.5c – 29.5c

April
Many announcements were made during April including the important one which advised that….”Results confirm that water-only, low-cost gravity and magnetic beneficiation techniques are suitable for Kangankunde mineralisation”.
Lindian’s first Investor Webinar took place in April.
More announcements on the quality of drilling assays followed together with announcement of Phase 2 drilling commencing.
The 32 page Quarterly provided an insight as to what had been achieved during the previous three months.
Shareprice range for the month…..25.5c – 41.5c

May
More of the same exceptional results from the drilling program.
It was reported that…”CONTINUITY OF HIGH-GRADE MINERALISATION IN MULTIPLE THICK INTERCEPTS DEMONSTRATES THAT KANGANKUNDE IS EMERGING AS ONE OF THE WORLD’S GREATEST RARE EARTHS PROJECTS”.
Lindian signed a six-year Supply Agreement for 23 Million Wet Metric Tonnes (‘WMT’ of bauxite from its Gaoual Bauxite Project with C&D Logistics Group Co., Ltd (‘C&D Logistics’.
$2.8 of options were converted during the month.
Shareprice range for the month……35c -47c

June
It was reported that “Significant progress has been made on the process design for the Stage 1 plant.” And that… “Plant commissioning into production expected late 2024”.
A second Investor Webinar took place during mid June.
Shareprice range for the month…..31c – 40.5c

July
This month saw a series of 18 announcements.
Two hole Phase Two Drill program was completed and more drill assays results issued.
A $35m placement ( via Euroz Hartleys) at 33c ( 12% discount) was announced.
The US$10m third tranche would be paid from the placement funds.
4,400,000 Tranche One Performance Rights on issue are now fully vested and issued to Lindian directors.
At month end it was reported that…”FIRST DEEP DRILL HOLE INTERCEPTS 854 METRES OF MINERALISATION GRADING 2.73% TREO”.
Shareprice range for the month…..34.c-45c

August
August opened with the much expected announcement .….”Maiden Mineral Resource Estimate 261MT at 2.19% TREO average”. Market expectation was that a higher TREO % was forthcoming.
Lindian’s CEO presented at the 2023 Diggers and Dealers Conference Presentation.
During late August LIN announced the appointment of two new directors in Alwyn Vorster and Trevor Matthews. Some saw this as “job for the boys”.
Shareprice range for the month…..24.5c – 43c

September
September saw 22 announcements.
During early September we saw a third new director being appointed in Mr Park Wei who held a substantial number of shares in the company.
A MOU was signed with Compagnie des Bauxites de Guinee for the Gaoual Bauxite Project.
ANSTO advised the market that Lindian’s rare earths were classified as non-radioactive for transport purposes.
Alistair Stephens presented at the Africa Down Under Conference.
Drill report that 1,000 metres at 2.6% TREO in KGKDD009 with multiple standout intercepts was announced.
An update on the Kangankunde Mine Development was published.
Monazite concentrate sale and purchase contract with the Gerald Group was announced.
Early stage discussions with the US Government was also advised to the market.
The Gerald Group indicated that it may offer Lindian a finance facility of US$10m.
Shareholders were advised that Lindian had sufficient cash ( $24m) for project development.
The 2023 Annual Report was released showing a large increase in the number of shareholders.
Shareprice range for the month…..20.5c – 34c

October
An Exploration Target potential and Mineral Resource Estimate was released.
Another Operations Update showing continued progress was released.
Shareprice range for the month….15c – 22.5c

November
Alistair Stephens presented at the ANU REE conference.
Annual General Meeting took place in Perth. Mixed feedback from one shareholder.
Shareprice range for the month…14.5c – 21c

December
Kangankunde Operations Update released.
Shareprice range for the month….14.5c – 19c
Closing shareprice….14.5cents.


Shareprice 12 months low….14.5cents
Shareprice 12 months high….47cents

Conclusion

A great amount of work was achieved by the Lindian Team.

Yes .....the shareprice does not reflect what the company has delivered to date. 2024 will be the defining year in my opinion.