[Lindian Resources Advances Kangankunde, Secures Full Ownership of Lelouma Bauxite]

Published: Aug 1, 2025 23:57

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Lindian Resources accelerated construction at its Kangankunde Rare Earths Project in Malawi during the June quarter, with infrastructure like the main access road progressing ahead of schedule. Project financing is advancing, with proposals including a US$30 million term sheet from Ecobank Malawi under review. Key leadership hires were made to support execution.
In Guinea, Lindian acquired the remaining 25% of the Lelouma Bauxite Project, securing 100% ownership. With a 900 Mt JORC-compliant resource, Lelouma will be developed as a DSO operation, positioning Lindian strongly in the global bauxite market. The company ended the quarter with A$3.48 million in cash, and key contracts for Kangankunde are expected in H2 2025.

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