Early Site Works Commenced
| Stock | Lindian Resources Ltd (LIN.ASX) |
|---|---|
| Release Time | 11 Apr 2025, 8:48 a.m. |
| Price Sensitive | Yes |
Early Site Works Commenced at Lindian's World Class Kangankunde Rare Earth Project
- Pre-construction earth works have commenced to fast-track development timelines and reduce costs
- Plant processing and product storage areas, equipment laydown and storage areas, and management site offices and security yards have been completed
- Current access road works significantly ahead of schedule and on track for completion in Q2 2025
Lindian Resources Limited (ASX: LIN) is pleased to announce that early-stage site works have officially commenced at the Company's flagship Kangankunde Rare Earths Project in Malawi -- a key milestone in the delivery of one of the world's most significant undeveloped rare earth assets. Following on from the start of construction of a new 5-kilometre access road in February 2025, the Company has commenced initial civil and infrastructure development. These works form part of a broader acceleration strategy to de-risk Stage 1 construction and fast-track development. This proactive step underscores the new management team's focused approach to accelerating the delivery of Stage 1 of the project. The Company has prioritised local workforce participation, with over 70% of current site-based roles filled by local workers. Skills development and training programs are being rolled out to expand the workforce as the project progresses, creating long-term economic opportunities in the region which will ultimately benefit the construction of Kangankunde. Lindian is dedicated to upholding high standards of safety and sustainability throughout the project lifecycle. The Kangankunde Rare Earths Project not only represents a significant opportunity for the Company but also holds the promise of playing a crucial role in the global supply chain of rare earth elements, which are essential for technologies critical to the clean energy shift.
Lindian has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.
Lindian looks forward to updating shareholders and stakeholders with further developments, ensuring that all parties are informed and aligned with the Company's strategic objectives.