Lindian to publish maiden MRE for Malawi project imminently
ASX-listed Lindian Resources expects its latest set of results from exploration on the Kangankunde rare earths project, in Malawi, to impact positively on its maiden mineral resource estimate (MRE), which will be published soon.
The latest, and final, batch of assay results from the Phase 1 drilling programme at the project comprised 13 reverse circulation drill holes, which all show extensive intersections of neodymium and praseodymium (NdPr) mineralisation.
The results also indicate that the north, south, east and west boundaries of mineralisation are either extended or not yet defined.
Highlights from the latest assay results include 55 m of total rare earth oxides (TREOs) grading 4.7% from 5 m and 21 m of TREOs grading 6.8% from 44 m, with notable NdPr mineralisation.
The Phase 1 drill programme comprised 91 holes for more than 14 000 m drilled, which has helped to define extensive mineralisation over a broad area at Kangankunde, says Lindian CEO Alistair Stephens.
He adds that the results of this drill programme are unparalleled when compared with any other rare earths project, according to the best of his knowledge. The results have proven a huge extent of recoverable, non-radioactive mineralisation in a short period of time.
Following the company’s publication of an MRE, it will start to report assays from the Phase 2 drilling programme, which comprises of two deep drill holes to depths of about 1 000 m.
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