Lindian Resources will move forward with its plans to develop the Kangankunde rare earths project in Malawi after securing the green light from shareholders to acquire the site's owner Rift Valley Resource Developments. Shareholders unanimously voted in favour of the purchase this week after Lindian made its first tranche payment in its bid to acquire Rift Valley earlier this year.
Lindian Resources will this week seek shareholder approval to acquire 100 per cent of Rift Valley Resource Developments Limited, the Malawian company that owns the globally significant Kangankunde rare earths 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.
Lindian Resources is gaining momentum as it moves into the development stage of its Kangankunde rare earths project in Malawi following successful meetings with government officials and local stakeholders. Over the past week Lindian management has met with government representatives with the company saying the Malawi Ministry for Mining has confirmed its support for the acquisition and development of the project.
Lindian Resources is one step closer to securing the Kangankunde rare earths project in Malawi after making its first tranche payment to acquire current site owner Rift Valley Resource Developments. Whilst the deal is subject to shareholder approval, the US$2.5 million transaction is the first of four payments totalling US$30m with the remaining US$27.5 million across three installments within 48 months from the start of this month.
Our board moves wrap includes Melanie Kiely, Mark Hohnen, Scott Phegan, Cliff Lawrenson, Steven Zaninovich, Daniel Harris, Amanda Reid, Alistair Stephens, and Asimwe Kabunga.
ASX-listed Lindian Resources has followed up its shift into rare earths exploration by appointing commodities specialist Alistair Stephens as its new Chief Executive Officer as the company awaits shareholders to approve its takeover of the globally significant Kangankunde project in Malawi. Non-Executive Chairman Asimwe Kabunga will move to the role of Executive Chairman. Lindian is aiming to take full control of Kangankunde through a 100-per cent share acquisition of Rift Valley Resource Developments.
In a transformative shift, Africa-focused bauxite explorer Lindian Resources has inked a deal to acquire the globally significant Kangankunde rare earths elements project in Malawi for US$30 million. Kangankunde has been hailed as one of the world's largest rare earths operations outside of China. The acquisition is in line with the company's pursuit of African projects.
Major Chinese construction outfit, China Railway Seventh Group has completed a visit to Lindian Resources' bauxite assets in Guinea, West Africa, as agreed under a memorandum of understanding executed earlier this year. China Railway Seventh Group is a key player in Lindian's infrastructure grand plan and bid to bring its Guinean bauxite projects on stream in the near term.
West African bauxite hopeful, Lindian Resources has moved to separate the infrastructure interests and mining ownership structures in relation to its Lelouma, Gaoual and Woula bauxite projects in Guinea as it looks to firm up a business model for the development and operation of the assets. As part of the grand plan, the company hopes to strike binding agreements with various parties to participate in the infrastructure development required for the projects.
ASX-listed aspiring West African bauxite developer, Lindian Resources has continued to put potential infrastructure building blocks in place to help accelerate the development of its Lelouma, Gaoual and Woula bauxite projects in Guinea. Its subsidiary, Terminal Logistics and Holdings recently struck a memorandum of understanding with the Guinean Government to appraise the possible joint development of the Dobali port and an associated logistics corridor in Guinea.
Further metallurgical test work on Lindian Resources' high-grade sample ores from its Bouba conglomerate bauxite deposit in Guinea has come up trumps again. The company says digestion test work following up on recent positive results from dry screening of the Bouba ores showed they were suited to both low temperature and high temperature digestion settings in Bayer process alumina refineries.
Lindian Resources has clinched a memorandum of understanding with Chinese construction company China Railway Seventh Group that will weigh up a possible infrastructure road map to help accelerate development of, and kickstart bauxite production at, the Perth-based company's assets in Guinea. Both parties will consider entering a formal agreement to devise an infrastructure development plan for Lindian's potential low CAPEX rapid pathway to becoming a bauxite producer.
Lindian Resources has been buoyed by the successful results of screening test work done on high-grade sample ores from the Bouba conglomerate bauxite deposit at its Gaoual project in Guinea. The company says the simple dry screening process used significantly reduced the levels of the silica impurity and delivered an increase in the aluminium oxide grade in high-grade conglomerate ore samples, with minimal loss of tonnage.
ASX-listed aspiring West Africa bauxite developer, Lindian Resources, has received the Guinea Ministry of Mines' approval to acquire a 61 per cent stake in the strategic Woula bauxite project. The company sees Woula as a possible near-term entree to production given the Woula bauxite resource's direct shipping ore potential and the project's close proximity to the mature Guinea bauxite industry's transport and export infrastructure.
Lindian Resources has completed the acquisition of its 75 per cent interest in the leviathan Lelouma bauxite project in Guinea following shareholder approval. The company recently reported Lelouma's near-surface resource had been increased to 900 million tonnes grading 45 per cent aluminium oxide and 2.1 per cent silica containing a higher-grade portion totalling 398 million tonnes at 48.1 per cent aluminium oxide and 2 per cent silica.
ASX-listed West Africa bauxite hopeful, Lindian Resources, has started the next significant phase of technical analysis at its Gaoual bauxite project in Guinea as it looks to tackle the relatively high content of the impurity silica in the high-grade conglomerate deposit. The Perth-based company has just sent its geological crew to the project site to carry out all-important screening tests on Gaoual's aluminium oxide ore.
ASX-listed West Africa bauxite player, Lindian Resources, has been given the all-clear from the Guinean Government to finalise the acquisition of a 75 per cent interest in the massive, undeveloped Lelouma bauxite project in Guinea. The Perth-based junior will assume the 75 per cent stake in Lelouma's overarching ownership vehicle, Sarmin Bauxite, and take over operational control of the project.
Lindian Resources has signed an agreement to acquire the Woula bauxite project in Guinea, scooping up a 75 per cent holding in the near-term production asset. The project sits just 10km from an established mine haul road linking it to a nearby export port facility at Katougouma. The high-grade resources at Woula could potentially be mined for direct shipping ore, rapidly transforming Lindian from an emergent developer into a bauxite producer.
ASX-listed West Africa bauxite hopeful, Lindian Resources, has unveiled a 53-million-tonne increase in the resource estimate at the Lelouma bauxite project in Guinea to a monster 900 million tonnes going 45 per cent alumina as the company looks to demonstrate it could be sitting on one of the highest-quality undeveloped bauxite projects in the world.
Lindian Resources ‘elephant hunt' in Guinea has delivered in spades after the company announced this week it has made a potentially transformational acquisition after entering into an agreement to procure the colossal, 847 million tonne high-grade Lelouma bauxite project. The Lelouma project boasts an impressive grade of 45.1 per cent alumina and is located close to established mining infrastructure.
Lindian Resources has further bolstered its senior management ranks with another bauxite expert after experienced Guinea Mining Engineer, Danny Keating, was appointed to the role of Chief Executive Officer. The appointment follows hot on the heels of the company also securing the services of 45-year bauxite and alumina veteran, Yves Occello, as a Non-Executive Director.
ASX-listed bauxite hopeful Lindian Resources has snared the services of 45-year bauxite and alumina veteran, Yves Occello, pictured, appointing him as a Non-Executive Director as the company looks to beef up its board to execute a plan to advance its high-grade Gaoual conglomerate bauxite project in Guinea towards production. Occello has been a Director of Compagnie de Bauxite de Guinee, Guinea's largest bauxite producer for 30 years.
ASX-listed Lindian Resources has tabled world-class, high-grade alumina numbers at its Gaoual conglomerate bauxite project in Guinea, West Africa. The maiden indicated resource estimate for Lindian's readily mineable surface deposit of 102 million tonnes at 49.5 per cent alumina includes uber-rich tonnage of 84Mt at 51.2 per cent alumina.
Lindian Resources' has thrown up some pulse quickening, ultra-high-grade alumina numbers at both the Bouba north and Bouba south extensions of the Bouba plateau at its Gaoual conglomerate bauxite project in Guinea, Africa. Three holes from Bouba North returned alumina grades between 50 and 54.4 per cent alumina with four holes at Bouba South grading even higher, between 54.9 and 58.5 per cent alumina.
The results are in for the initial laboratory test work from Lindian Resources' maiden drilling program at its Gaoual bauxite project in Guinea, with the company declaring that it has a high-grade conglomerate bauxite play on its hands at the Bouba plateau. Lindian said the average grades from the primary Bouba plateau samples were 56% alumina and the “total available alumina” was in excess of 51% when measured at low temperatures.
Lindian Resources' high-grade conglomerate-hosted bauxite deposit at its Gaoual project in Guinea continues to bulk up, with the company confirming it has extended the Bouba plateau one kilometre to the north. Lindian has also verified the presence of conglomerate bauxite at Bouba South, which is currently sized at half a kilometre by 2.5km. The northern extension of Bouba is 4m thick Bouba South has an average width of 5m, both starting from the surface.
Lindian Resources' exploration program in northern Guinea continues to meet with outstanding success. Field work has identified two additional high-grade conglomerate bauxite targets adjacent to and along strike from the main prospect area at Bouba. Sampling at Bouba South has returned samples consistent with the main target area including 62.6% alumina with the strike length now blowing out by a further 3.5km.
Lindian Resources' maiden auger drilling program at its Gaoual bauxite project in Guinea has confirmed that the company is sitting on a very high-grade conglomerate-hosted bauxite deposit, with drill holes encountering exceptional grades of over 60% aluminium oxide right across the Bouba Plateau. The thickness of the mineralisation varies and in some areas is over 15m according to Lindian.
Lindian Resources looks to be onto a lucrative, high grade bauxite deposit in Africa that has now been confirmed by the company as a rare “conglomerate” style deposit. Initial unconfirmed XRF results at the Bouba Plateau at Lindian's Gaoual Bauxite Project in Guinea, show extraordinarily high aluminium oxide numbers of around 61% with only 4.6% of the nuisance mineral silica present.
Lindian's Gaoual bauxite project in Guinea will soon be peppered with drill holes courtesy of an auger drill program that will target the Bouba and Mamaya prospects that are thought to be the more lucrative, conglomerate hosted deposits. Surface samples from Gaoual recently returned an impressive 53.57% alumina and a two-pronged drilling program is now being planned to assess the overall grade, thickness and scale of the deposit.
Further surface mapping conducted just before the launch of its maiden drilling program at the Gaoual bauxite project in northwest Guinea has given Lindian Resources the confidence it is sitting on an ore body that is significantly larger than previously anticipated. The company says it is convinced that Gaoual's high grade, outcropping Bouba “conglomerate” bauxite target is almost double the length than originally thought.
Lindian Resources has secured an option to acquire a 51% stake in the high-grade Gaoual bauxite project in the West African country of Guinea that looks like it could be a rare “conglomerate” deposit. Average alumina grades that shoot the lights out at 54%, with a corresponding low silica content under 2%, look to be the goods. Drilling will kick off at the project in December.
Our daily board moves wrap includes Bayanjargal Byambasaikhan, Dan Thomas, Nicholas Day, Geoff James, Natalia Streltsova, Katherine Ostin, and Paul Doropoulos.
Our daily board moves wrap includes Sonu Cheema, Malcolm James, Craig Barnes, John Blower, Jude Turton, Jeffrey Williams, Ashok Parekh, Peter Hunt, Peter Bilbe, Jonathan Price, Peter Rozenauers, Bianca Taveira, Stephen Hewitt-Dutton, Shannon Green, and Steve Formica.
