• 12-month fixed-price diesel supply agreement for Kangankunde Rare Earths Project
• Fuel supply secured with established Malawian operator Petroda
• Low power requirement (~3MW) supported by existing grid infrastructure

Lindian Resources Limited (ASX: LIN) has secured a 12-month fixed-price diesel supply agreement for the Kangankunde Rare Earths Project in Malawi, removing fuel price exposure through construction and commissioning and further strengthening the project's low-cost, execution-ready profile. The company has entered into a fixed-price supply agreement with Petroda Malawi for 500,000 litres of diesel at US$2.83 per litre. The volume is structured in two tranches of 250,000 litres, with the first tranche already delivered to the site. Petroda has operated in Malawi since 1998 with established storage and distribution infrastructure, providing confidence in delivery reliability throughout the construction period. Kangankunde has a modest power requirement of approximately 3MW, fully supported by existing grid infrastructure, drawing on Malawi's hydropower base and the Mozambique interconnector, eliminating the need for dedicated on-site generation. The completion of a A$100 million institutional placement in April will allow Lindian to move into stage 1 mining and processing debt-free, advance multiple workstreams of the stage 2 development, and finalize the purchase and start of the SARECO cracking facility in Kazakhstan.

Lindian is now fully funded, with early construction works underway at the Kangankunde Rare Earths Project. The company aims to become a globally significant critical minerals producer through the development of its world-class rare earths and bauxite assets in Malawi and Guinea.