• Approval to expand mining licence area from 900ha to 2,500ha
• Supports parallel progress of Stage 2 modular expansion of Kangankunde Rare Earths Project
• Production increase from Stage 1 target of 15,300tpa to up to 75,000-100,000tpa

Lindian Resources Limited (ASX: LIN) has received notification that the Mining Licence Area Expansion application submitted by the Company has been approved by the Mining and Minerals Regulatory Authority (MMRA) Board. The approved expansion increases the licence area from 900 hectares (ha) to 2,500ha, significantly enhancing Lindian's operational footprint and enabling the acceleration of the Project's Stage 2 expansion. The expansion approval is subject to customary feasibility study and clearance from the Malawi Environment Protection Authority (MEPA) within six months. The expanded footprint supports a production increase from the Stage 1 target of 15,300 tonnes per annum (tpa) of monazite concentrate to up to approximately 75,000 - 100,000tpa. The long initial Life of Mine (LoM) of 45 years is based on JORC Ore Reserves of 23.7 million tonnes (Mt). Kangankunde's total JORC Mineral Resources is currently 261Mt underpinning a large scale multi-generational and globally significant asset. The expanded licence area provides the physical and regulatory platform to scale operations, develop critical infrastructure, and increase production capacity. The expanded footprint enables modular development, phased infrastructure rollout, and adaptive production strategies aligned with evolving market conditions. The Project's high-grade deposit (2.9% Total Rare Earths Oxide 'TREO' LoM, 3.1% TREO Years 1-5) will produce a premium saleable Monazite Concentrate at 55% TREO grade, with no material deleterious elements and low levels of radionuclides (uranium and thorium). This premium product and the multi-decade mine life have attracted multiple offtake parties, such as Iluka, for long-term strategic partnerships.

The expanded footprint supports a production increase from the Stage 1 target of 15,300 tonnes per annum (tpa) of monazite concentrate to up to approximately 75,000 - 100,000tpa.

With the Mining Licence expansion approval in hand, a large and high-grade resource, and Iluka's strategic partnership covering Stage 2, an optimised modular production plan will be developed in conjunction with Kangankunde's Stage 1 process plant development.