Lindian Resources Ltd (ASX:LIN) CEO Alistair Stephens joins Jonathan Jackson in the Proactive studio to talk us through a new high-grade rare earth elements (REE) find at the Kangankunde Project in Malawi. The company identified high-grade carbonatite REE outcrops north and south of the Kangankunde resource following geological mapping and rock chip sampling. The peak assays from North Knoll included 7.15%, 5.15% and 4.69% total rare earth oxides (TREO). Stephens also discusses the company’s focus on advancing the stage-1 mine development and processing plant. Investors can expect plenty of newsflow in the coming months.
Stephens said: “These results are highly encouraging and clearly demonstrate the capability to extend mineralisation north and south of Kangankunde and that the mineralised system across our project is much broader and much deeper than currently defined by Kangankunde’s Central Carbonatite.
"As such, more extensive exploration including low-cost drilling of the North and South Knoll is eventually warranted.”
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Lindian Resources Limited is a mineral exploration company. The Companyâs principal focus includes the ongoing exploration and development of the Kangankunde Rare Earths Project. In addition, the Company is advancing its portfolio of bauxite projects in Guinea. The Kangankunde Rare Earths Project is located in central Malawi approximately 90 kilometers (km) north of the city of Blantyre in the southern part of the country. The Kangankunde Rare Earths Project is rich in Neodymium and Praseodymium. Its Gaoual Bauxite Project is in northwestern Guinea within the Boke Bauxite Belt. It is situated south of the township of Gaoual in the northern portion of the Kogon-Tomine interfluve, about 65 km northeast of Sangaredi. The Lelouma Project is located just 40km from its high grade Gaoual conglomerate bauxite project. The Woula Bauxite Project is located in North-Western Guinea, and is 10km from an existing haul road connecting to the bauxite export terminal in Katougouma.