How has Lindian Resources Made New Discoveries at Kangankunde Rare Earths Project?

Expansive Rare Earths Mineralization Identified at Kangankunde: A New Frontier for Lindian Resources

Lindian Resources Limited (ASX: LIN), a key player in the global rare earths market, has announced the discovery of high-grade carbonatite outcrops at North Knoll and South Knoll, extending the mineralized system of the Kangankunde Rare Earths Project in Malawi.

These findings underscore the project's significant exploration upside and confirm the presence of a broader mineralized system beyond the Central Carbonatite. The initial reconnaissance, geological mapping, and sampling have highlighted exceptional grades of total rare earth oxides (TREO) and a favorable NdPr ratio, indicating a strong similarity to the mineralization style found at Kangankunde Central Carbonatite.

Highlights and Discoveries

High-Grade Carbonatite Outcrops: Rock chip sampling at North and South Knoll revealed TREO grades as high as 7. 15%, with NdPr ratios averaging 21% of TREO, mirroring the Kangankunde Central Carbonatite.

Expanded Mineralized System: The potential strike length of mineralization now spans approximately 2. 5 km, significantly broader than previously identified.

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Ongoing Exploration and Development: Lindian is advancing with Stage 1 Plant Engineering, Project Development Activities, and a Feasibility Study, while also planning further exploration to define new mineralized areas.

Geological Insights and Strategic Implications

The North Knoll and South Knoll, located respectively 800 meters north and 500 meters south of Kangankunde's known mineral resource, showcase multiple carbonatite lenses with visible green monazite typical of the deposit. This geological continuity suggests an expansive mineralized system with deep-rooted potential for rare earth elements, emphasizing the project's stature as one of the world's largest undeveloped rare earths projects.

Future Work Programs and Exploration Strategy

Lindian's commitment to uncovering the full potential of Kangankunde extends to further mapping, trench sampling, and definitive exploration programs. The company's strategic exploration activities aim not only to augment the current resource estimate but also to explore the broader mineralized system across Kangankunde.

Kangankunde Inferred Mineral Resource

The maiden Mineral Resource Estimate (MRE) for Kangankunde stands at 261 million tonnes averaging 2. 19% TREO, highlighting the project's significant rare earth potential. The exploration and development activities are guided by the JORC 2012 guidelines, ensuring robust and transparent reporting of the project's resources.

Processing Plant Engineering and Project Advancements

Lindian's progress in project development is evident in the selection of providers for civil works, finalization of tenders for the Process Plant, and the evaluation of power and fuel supply options. These steps mark critical milestones toward realizing the project's full potential, with a focus on excellent economics and low-cost startup capital expenditure.

Lindian Resources Limited's discovery at North and South Knoll not only expands the known mineralized footprint of the Kangankunde Rare Earths Project but also reinforces the project's global significance in the rare earths sector. With an emphasis on sustainable and low-cost exploration, Lindian is poised to unlock the vast potential of Kangankunde, contributing to the diversification of the global rare earths supply chain.

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