Tuesday, February 7, 2023

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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

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