• Appointment of Zac Komur as Executive Director to lead Kangankunde Rare Earths Project delivery
• Stage 1 fully funded, with non-process infrastructure underway and first concentrate expected in late 2026
• Stage 2 Expansion Study scheduled for completion in Q4 2025

Lindian Resources Limited (ASX: LIN) has announced the appointment of Mr Zekai (Zac) Komur as Executive Director. Mr Komur will lead the project delivery of the Company's Kangankunde Rare Earths Project in Malawi, coordinate Stage 2 studies through to execution readiness, and manage the transition into execution. He will also advance the Company's downstream rare earths partnerships and assist with strategic initiatives for the Company's bauxite portfolio. Following the strategic partnership with Iluka Resources Ltd and the A$91.5 million institutional placement, the Company has announced the Stage 1 Final Investment Decision. Stage 1 is fully funded, with non-process infrastructure underway. Mining and plant construction are targeted to commence in early 2026, with first concentrate expected in late 2026. The Stage 2 Expansion Study is scheduled for completion in the December quarter of 2025.Multiple parties have expressed interest in downstream partnerships with Lindian, and discussions are progressing as the company seeks to maximise shareholder value. In his new role, Mr. Komur will maintain schedule, budget and quality discipline for Stage 1, drive Stage 2 to execution readiness, and lead the assessment of downstream mixed rare earth carbonate processing partnerships.

The Stage 1 processing facility is targeted to commence mining and plant construction in early 2026, with first concentrate expected in late 2026. The Stage 2 Expansion Study is scheduled for completion in the December quarter of 2025.