• Lindian receives multiple funding enquiries for Kangankunde Rare Earths Project
• Engages corporate finance advisor Henk Ludik to progress funding and offtake
• Kangankunde is a world-class rare earths project with strong investor demand

Lindian Resources Limited (ASX: LIN) has announced that it has received multiple funding enquiries to help progress the development of its world-class Kangankunde Rare Earths Project in Malawi. With this new significant interest and the company's current non-binding US$50m stage 1 funding and offtake package with Gerald Group, Lindian has engaged Mr. Henk Ludik as a corporate finance advisor reporting directly to the board. Mr. Ludik's role will be to specifically work with Gerald Group to progress the binding term sheet and to identify, review and recommend other funding solutions that will be of benefit to the company and its shareholders. Kangankunde is recognised as one of the world's largest undeveloped near-term production rare earths projects, featuring a globally significant resource, high-grade mineralisation, and exceptional metallurgy. With rare earths playing a critical role in the global energy transition, investor demand for exposure to high-quality projects like Kangankunde remains strong. Lindian's board is currently working with The Gerald Group to progress to binding terms and is also assessing a range of funding enquiries that have presented themselves, including debt, and strategic partnerships, to determine the most effective capital structure that ensures maximum value for shareholders while advancing project development. Mr Ludik brings over 20 years of experience in mining, investment banking, corporate finance, and strategic advisory, having successfully structured and secured project financing for large-scale mining operations across Africa, Australia, the US, and Europe. His expertise in capital markets, M&A, and investor engagement will be instrumental in navigating funding negotiations and securing long-term financial partners.