Lindian Resources Ltd

Lindian Resources (ASX: LIN) has executed a binding offtake agreement and term loan facility with Iluka Resources (ASX: ILU), establishing a cornerstone strategic partnership for the development of the Kangankunde rare earths project in Malawi. The agreement includes a US$20 million (A$32 million) construction term loan and a 15-year offtake for high-grade monazite concentrate, with […]

Lindian Resources (ASX: LIN) has confirmed reports that two Chinese nationals were among a group of trespassers at its Kangankunde rare earths project site in Malawi in East Africa. The incident follows a spate of issues involving mining companies in Africa. In November 2024, the Malian government in West Africa detained three executives from Australian […]

Lindian Resources (ASX: LIN) reports that the first two batches of assays from its Kangankunde project have shown that critical battery elements neodymium and praseodymium make up 21% of the total rare earths oxides (TREO) so far drilled. The assays returned from the Malawi-based project are from the first two reverse circulation holes, both of […]

Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect. Rising interest rates impact everyone, but with mining there is a problem in trying to align erratic (commodity exposed) income with fixed […]