Lindian Resources: Posts high-grade REEs at Kangankunde, Malawi

Lindian Resources Posts high-grade REEs at Kangankunde, Malawi

• Lindian Resources (LIN) reports “high-grade” rare earth results from its Kangankunde project in Malawi
• The results include a 186-metre intersection averaging 2.97 per cent total rare earth oxides (TREO) within the highest-grading hole to date, as well as an 82-metre hit at 3.12 per cent TREO
• Lindian CEO Alistair Stephens says the assays are “extremely encouraging” as the company awaits results from another 25 holes
• The company expects to deliver a maiden mineral resource estimate for the Kangankunde project in the June quarter
• LIN shares are down 2.04 per cent and trading at 24 cents at 11:40 am AEDT