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LIN_Contract_sign_Malawi Bulls N' Bears 06 Feb 2025

Lindian hails milestone first works contract for Malawi rare earths

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Lindian Resources has signed a milestone works contract for an access road and civil works at its Kangankunde rare earths project, saying the deal shows the strength of the Malawi-based project. The US$1.3m contract is the first to be awarded to advance the project and includes primary highway access, internal access and other site works.

Lindian Resources Kangankunde rare earths project in Malawi. Bulls N' Bears 16 Dec 2024

Lindian scores US$50m boost for Malawi rare earths giant

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Christmas has come early for Lindian Resources, with it wrapping up the year with a US$50 million (A$78.6 million) funding agreement with US-based commodity trader Gerald Metals Group. Funds are earmarked to kick off development of its world-class Kangankunde rare earths project in Malawi. A feasibility study on the stage one development shows a whopping annual EBITDA of US$84m (A$132m) in a 45-year mine life.

Lindian puts giant Malawian rare earths play on the road Bulls N' Bears 09 Oct 2024

Lindian puts giant Malawian rare earths play on the road

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Fresh from delivering a feasibility study on its massive Kangankunde rare earths project in Malawi, Lindian Resources has completed a successful North American roadshow to promote the project's economic credentials and explore finance options. The company says it has fielded strong interest in helping it fund the first two stages of the operation and is in the process of reviewing potential partners.

Lindian reveals annual $124.5m EBITDA for Malawi rare earths Bulls N' Bears 01 Jul 2024

Lindian reveals annual $124.5m EBITDA for Malawi rare earths

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Lindian Resources has lifted the lid on a compelling new set of financial numbers for its giant Kangankunde rare earths project in Malawi, including a whopping annual EBITDA of US$84 million (AU$124.5 million) in a 45-year mine life. A feasibility study on the project's stage-one development also shows a post-tax payback period of just 1.5 years for a US$40 million (AU$60 million) pre-production capital outlay.

Design decision looming for Lindian rare earths project Bulls N' Bears 12 Jun 2024

Design decision looming for Lindian rare earths project

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Lindian Resources has shortlisted two experienced contractors to vie for the prize of designing and constructing a processing plant at the company's hulking Kangankunde rare earths project in the south-east African nation of Malawi. Management, which is close to completing a stage-one feasibility study for the project, says both firms have a track-record of delivering significant-scale mining and processing operations in several African countries.

Lindian appoints new boss for African rare earths mission Bulls N' Bears 27 May 2024

Lindian appoints new boss for African rare earths mission

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Incoming Lindian Resources chief executive officer Alwyn Vorster has vowed to bring the company's massive flagship Kangankunde rare earths project in Malawi into construction and operation “as soon as possible”. The experienced rare earths executive, who has a track-record of managing projects through all stages of development, is expected to take up his new post as of this Saturday.

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