• Lindian's subsidiary Rift Valley Resources is not impacted by Malawi's raw mineral export order
• Kangankunde will undertake beneficiation to produce a monazite concentrate prior to export
• This provides regulatory certainty as Lindian advances Kangankunde toward first production next year

Lindian Resources Limited (ASX: LIN) has received official notification from the Government of Malawi that its subsidiary Rift Valley Resources Limited, which holds the mining licenses for the Kangankunde Rare Earths Project, is not impacted by Executive Order No. 2 of 2025 regarding the restriction of raw mineral exports. The Mines and Minerals Regulatory Authority (MMRA) informed Lindian that as the company will undertake beneficiation of the raw rare earth ore mined at Kangankunde into a monazite concentrate prior to exportation for further processing, Kangankunde is not considered to be exporting 'raw minerals.' Therefore, Lindian is not prohibited from carrying out mining or processing activities at Kangankunde. This provides regulatory certainty as the company advances Kangankunde toward first production next year and transitions it into a globally significant rare earths producer.

Lindian welcomes the clear confirmation from the Malawian government, which provides regulatory certainty as the company advances the Kangankunde Rare Earths Project toward first production next year.