KANGANKUNDE RARE EARTHS PROJECT SOARS

By Marcel Chimwala

ASX-listed Lindian Resources says there is outstanding progress in the mine development drilling programme for its Kangankunde Rare Earth Elements (REE) Project in Balaka with all drill samples containing extensive visible rare earth bearing monazite  from surface to current hole depths.

Lindian CEO Mr Alistair Stephens explains that the company has deployed two Reverse Circulation rigs and one Core rig on the site to fast-track the mine development early works.

Meanwhile, Malawi’s Minister of Mining Honourable Dr Albert Mbawala has visited the project site to appreciate progress.

Honourable Mbawala and Lindian officials led by Mr Stephens also held an interface meeting with members of the local community to brief them on the project.

The Minister assured the community of ample benefits from the project, which include employment and business opportunities for members of the local community and corporate social responsibility projects.

The project is also expected to substantially benefit the country when it gets to production stage through payment of royalties and taxes to the Government.

Lindian Resources is expected to spend over US$200-million to set up the mine over a period of five years.

REEs, which are expected to be mined at Kangankunde, have a growing use in the production of strong magnets for manufacturing of electric and hybrid vehicles, wind turbines for energy generation, smart phones, robotics and medical applications.

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