• Site Access Road Contract awarded to leading European Construction Group, Moto-Engil
• Key infrastructure and site works commenced
• Strengthened leadership team with key appointments

Lindian Resources Limited (ASX: LIN) is pleased to provide an update on its activities during the quarter ended 31 March 2025. Lindian continued to focus on progressing the funding strategy and derisking the world-class Kangankunde Rare Earths Project. Key highlights include the award of the Site Access Road Contract to leading European Construction Group, Moto-Engil, and the commencement of key infrastructure and site works. The Company also strengthened its leadership team with the appointment of new Board members, a Chief Financial Officer, a new Project Director, and the establishment of a Project Delivery and Technical Committee. Testwork for offtake and strategic investment process is underway with the Australian Nuclear Science and Technology Organisation (ANSTO), and the Company released its Audit reviewed Financial Report for the half year ended 31 December 2024. The Company held a General Meeting on 11 February 2025, which resulted in a clear mandate from shareholders regarding the Company's future activities and support for the current Board. Lindian also announced the resignation of Non-Executive Director Mr. Blake Steele and the appointment of Non-Executive Director Mr. Zekai (Zac) Komur, as well as the transition of current Non-Executive Chairman, Mr. Robert Martin to the role of Executive Chairman. The Company also made several other key leadership appointments to strengthen and streamline the team and accelerate project delivery. At the end of the quarter, the Company had $4.2 million in cash.

Lindian expects to make announcements to the market regarding funding and offtake opportunities for the Kangankunde Rare Earths Project in the short term.