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WORKS COMMENCE FOR LINDIAN RESOURCES AT WORLD CLASS KANGANKUNDE RARE EARTHS PROJECT IN BALAKA

May 06, 2025 / Marcel Chimwala
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Minister of Mining Ken Zikhale Ng’oma and a government official pose with Lindian officials

ASX-listed Lindian Resources has announced that early-stage site works have officially commenced at the its flagship Kangankunde Rare Earths Project in Malawi’s Balaka District, which is a key milestone in the delivery of one of the world’s most significant undeveloped rare earth assets.

Lindian’s Chair of Project Delivery Zac Komur explained in a Press Statement that following on from the start of construction of a new 5-kilometre access road in February 2025, the Company has commenced initial civil and infrastructure development. Komur said these works form part of a broader acceleration strategy to de-risk Stage 1 construction and fast-track development.

“This proactive step underscores the new management team’s focused approach to accelerating the delivery of Stage 1 of the project.” he said.

Lindian has achieved a number of milestones in the preliminary development of Stage 1 of the Kangankunde Rare Earth Mining Project including:

• Pre-construction earth works have commenced to fast-track development timelines and reduce costs • Plant processing and product storage areas have been completed

• Equipment laydown and storage areas have been completed

• Management site offices and security yards have been completed

• Current access road works are significantly ahead of schedule and on track for    completion in Q2 2025.

Due to the current road works being substantially ahead of schedule the Company has been able to utilise equipment and skilled workers from the road crews which has presented considerable time and cost benefits to the Company in the commencement of these early work programs.

Komur explained that importantly, the Company has prioritised local workforce participation, with over 70% of current site-based roles filled by local workers. Skills development and training programs are being rolled out to expand the workforce as the project progresses, creating long-term economic opportunities in the region which will ultimately benefit the construction of Kangankunde.

Komur stated: “The initiation of these projects showcases Lindian’s dedication to progressing Kangankunde with both urgency and a fresh perspective. By assembling a seasoned construction team and collaborating with skilled contractors to optimise initial infrastructure development, we are establishing a strong groundwork for effective project execution.”

“Through collaboration, best practice efficiencies and on-site management the current road works are ahead of schedule allowing for the Company to utilise equipment and skilled personnel, delivering pre-development time and significant cost savings. This milestone signifies our commitment to providing lasting value for shareholders whilst fast-tracking the development of Kangankunde.”

Additionally, Lindian is actively collaborating with local communities to ensure that the project contributes positively to the region, offering employment opportunities and supporting local businesses. The Company is developing training programs to equip local workers with the necessary skills to participate in the project, thereby enhancing the socio-economic benefits for the surrounding areas.

“Lindian is dedicated to upholding high standards of safety and sustainability throughout the project lifecycle. The Kangankunde Rare Earths Project not only represents a significant opportunity for the Company but also holds the promise of playing a crucial role in the global supply chain of rare earth elements, which are essential for technologies critical to the clean energy shift,” said Komur.

This announcement reinforces Lindian Resources’ position as an aspiring leader in the critical minerals sector, driving forward the energy transition through sustainable development practices.

He stated: “The Company remains committed to maintaining transparency and open communication with all stakeholders as the project progresses. The management team is also prioritising environmental stewardship by implementing best practices to minimize the ecological impact of the development.”

“Lindian is committed to sustainable development practices, including:

• Adopting best-in-class environmental management standards

• Partnering with local businesses and suppliers

• Supporting socio-economic uplift for surrounding communities.”

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