Termination of sale and purchase agreement - Gerald Metals

• Lindian Resources terminates sale agreement with Gerald Metals
• Agreement signed on 26 September 2023 for monazite concentrate supply
• Termination allows Lindian to control sales and profitability
• Lindian to issue 20,000,000 shares to Gerald within 14 days
• Shares subject to 90-day escrow period

Lindian Resources Limited (ASX: LIN) has terminated its sale and purchase agreement with Gerald Metals SARL for the supply and sale of monazite concentrate from the Kangankunde Rare Earths Project in Malawi. The agreement, signed on 26 September 2023, was mutually terminated to allow Lindian full control over its sales pipelines, pricing, and profitability. Lindian will issue 20,000,000 fully paid ordinary shares to Gerald within 14 days of executing the Termination Deed. These shares will be subject to a voluntary escrow for 90 days. The termination enables Lindian to expedite the supply of product to the SARECO hydromet facility in Kazakhstan.