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Lindian to acquire Kangankunde rare earths project in Malawi

Lindian Resources has finalized the purchase Kangankunde rare earths project and is now set to seek shareholder approval to acquire 100% of Malawian company, Rift Valley Resource Developments Limited that owns the globally significant project.

The company recently completed a series of meetings with authorities in the Kangankunde district and secured a unilateral directive to commence a series of work programs to advance Kangankunde’s development. Importantly for Lindian, all meetings with local officials and community groups fully endorsed the company’s planned resource development and mining and processing operations plans.

Works programs

Lindian CEO, Alistair Stephens said the meetings examined exploration technical programs leading to the development of a mining and processing operation and were used by the company as an opportunity to confirm its commitment to environmental management, social and business support programs, jobs and training opportunities.

There are plans to expedite early works programs including clearing of roads and drill pads leading to a drill program this year. Lindian will also collect bulk samples to commence metallurgical test work. Management is planning to work on as many drill holes as possible before the wet season starts towards the end of the year. During the wet season, Lindian will focus on a number of other project development and corporate initiatives that do not require site access, with on-site activities scheduled to return in March 2023.

“The endorsement by the community for our works programs does not properly reflect the absolute delight and enthusiasm the community members expressed for our development plans. In fact, they wished for us to get on with development quicker. And that is what we are now doing. No longer are we a visitor, we are now a community member. I look forward to providing a more detailed update on first works planned at site following the shareholder meeting this week,” Lindian Resources CEO, Alistair Stephens.

 

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