Lindian Resources (LIN) Africa Down Under Presentation summary

Corporate overview

• Listed on ASX (LIN) and OTCQB (LINIF) with a market cap of ~A$133M and ~A$13.1M cash as of June 2024.

• Major shareholders include Kabunga Holdings (10.9%), Bonacare/Topwei/Zhang (9.97%), and Ven Capital (9.51%).

• Headquartered in Perth, with projects in Malawi (rare earths), Guinea (bauxite), and Tanzania (bauxite).

• Led by an experienced team with deep mining, finance, and project development backgrounds.

Kangankunde Rare Earths Project highlights

• Located in Malawi, a stable, mining-friendly jurisdiction with strong government and community support.

• Fully permitted, with environmental and mining licenses secured and resettlement completed.

• Stage 1 feasibility study completed, showing robust economics and low capex/opex.

• Project is development-ready, with a short timeline from FID to first production (~15 months).

Resource and production profile

• Mineral Resource: 261Mt at 2.14% TREO, with 23.7Mt Ore Reserves at 2.9% TREO and 20% NdPr of TREO.

• Exploration Target: 400–800Mt at 2.0–2.7% TREO, indicating significant expansion potential.

• Stage 1 production: ~15,300 tpa concentrate, containing ~8,200 tpa REO and ~1,600 tpa NdPr, with a 45-year mine life.

• Simple open-pit mining and gravity/magnetic processing enable low costs and minimal environmental impact.