Headline:
LINDIAN KANGANKUNDE RARE EARTHS STORMS AHEAD • Lindian prepares to commence rare earth mine construction this year • New CEO brings 30-years of mining project development experience • Malawians appointed in senior management roles to support development momentum
Extracts:
"CEO for Australian company Lindian Resources, Alwyn Vorster, said during a recent visit to Malawi that the Company is still aiming to have financing confirmed within the next few months, which should allow full scale mine construction at its Kangankunde Rare Earth Project in Balaka to commence later this year. The Company has already completed numerous preliminary development activities..."
"The development schedule aims to commence main construction in fourth quarter of 2024 and commissioning of the processing plant late 2025 and first sales in first half 2026"
LIN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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