• Awarded D&C contract for Stage 1 processing plant
• Commenced construction of Tipume accommodation camp
• Completed acquisition of 100% interest in Kangankunde
• Hosted US government delegation at Kangankunde site

Lindian Resources Limited (ASX: LIN) achieved several key milestones at its Kangankunde Rare Earths Project during the quarter ended 31 December 2025. The company awarded the Design and Construct contract for the Stage 1 processing plant to Obsideo Engineering, enabling progression into detailed engineering and construction planning. Lindian also commenced construction of the Tipume workforce accommodation camp, with site access works, earthworks, and building works progressing across multiple facilities. The company completed the acquisition of the remaining 33% interest in Kangankunde, increasing its ownership to 100% and securing full strategic and operational control of the project. Lindian hosted a senior United States Government delegation at Kangankunde, reflecting growing international focus on securing reliable, high-quality supply chains for critical minerals. Downstream metallurgical testwork conducted by ANSTO confirmed that Kangankunde's monazite concentrate can be processed using conventional methods to produce a high-grade, ultra-low radiation mixed rare earth carbonate. Lindian also commenced an initial drilling program at the high-grade North Knoll prospect, located near the main Kangankunde deposit, to test the continuity of mineralization at depth. Overall, the quarter marked a clear progression for Kangankunde, with the project advancing from site establishment into active construction and operational build-out.

Lindian remains focused on ensuring future agreements align with its long-term objectives, as it progresses toward becoming the world's next rare earths producer, with first production firmly on track for Q4 2026.