Lindian sets exploration target in Mali
PERTH (miningweekly.com) – ASX-listed Lindian Resources has announced an exploration target of between 400-million and 800-million tonnes, grading between 2% and 2.7% total rare earth at its Kangankunde project, in Mali.
The announcement of the exploration target follows shortly on the report of a maiden mineral resource of 261-million tonnes at Kangankunde. Grading 2.19% total rare earth oxides, the project is estimated to host 5.7-million tonnes of contained rare earths, including 1.2-million tonnes of contained neodymium-praseodymium.
“This exploration target is a defining event for Lindian and for Malawi. While our mineral resource estimate is itself outstanding, the exploration target demonstrates the potential for the Kangankunde project to grow significantly with further exploration activity and is, without a doubt, one of the world’s largest rare earths deposits and an asset that is expected to have a material impact on the rare earths sector globally,” said Lindian executive chairperson Asimwe Kabunga.
“It firmly positions Lindian as a major player in the industry with an asset that is fully permitted, licensed for production and enjoying very strong government and community support. We believe Kangankunde is highly attractive to potential offtakers for its ability to provide long-term consistent product supply. Further, we are making excellent progress for bringing our Stage 1 mining and processing operation online in late 2024 backed with a strong cash balance.”
Comments
Research Reports
Projects
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Tractor & Grader Supplies (TGS™): Your Trusted, Genuine Source for New Replacement Parts for Earthmoving, Construction and Mining Machinery
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
