Lindian Resources Ltd executive chairman Robert Martin talked with Proactive about the recent formal approval from the Government of Malawi to extend the company’s mining license area for the Kangankunde Rare Earths Project from 900 hectares to 2,500 hectares.
Martin explained that the expanded license enables Lindian to commence work on Stage Two operations in parallel with Stage One. He noted that knowledge gained from Stage One in areas such as processing and sizing will be directly applied to Stage Two development.
The enlarged area also supports the potential for a significant increase in production. Lindian is currently on track to produce 15,000 tonnes per annum of monazite concentrate. According to Martin, Stage Two could open opportunities ranging from 30,000 to 100,000 tonnes per annum, with interest from multiple offtake partners in addition to an existing right of last refusal from Iluka for 25,000 tonnes.
He added that progressing Stage Two in parallel positions Lindian to be the next rare earths producer to market, allowing the company to capture market share before competitors.
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LIN Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
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