Kalkine: ASX 200 Mining Sector Update: Lindian Resources Boosts Kangankunde Project Execution

June 05, 2025 02:01 PM AEST | By Team Kalkine Media
 Kalkine: ASX 200 Mining Sector Update: Lindian Resources Boosts Kangankunde Project Execution
Image source: Shutterstock

Highlights

  • Lindian Resources Ltd (ASX:LIN, OTC:LINIF) accelerates construction at Kangankunde Rare Earths Project in Malawi

  • Key infrastructure, including haul roads, solar power, and security facilities, progresses ahead of schedule

  • Experienced leadership team appointed to support on-site delivery and operational execution

Lindian Resources Ltd (ASX:LIN), (OTC:LINIF) continues to advance within the mining sector, as construction gains momentum at its Kangankunde Rare Earths Project in Malawi. This development comes amid renewed interest in rare earths across global markets, with mining stocks contributing to activity seen in the ASX 200. Early groundwork has already been established at the site, and construction activities have progressed significantly, especially in key infrastructure areas.

Early Civil Works Underway at Kangankunde

Site preparation is advancing with the construction of haul roads for Pit 1 and Pit 2. Major groundwork for essential infrastructure is in motion, including the initial rebar foundation work that sets the stage for Kangankunde’s first major concrete pour. These foundations are part of the broader civil construction effort supporting the planned process plant.

The company has fully cleared the process plant area, enabling smoother logistics and secure movement of resources. Additionally, the main access road is now operational, enhancing both safety and accessibility across the site.

Solar Power and Security Enhancements in Progress

A renewable energy initiative is being implemented through the construction of an on-site solar farm. Foundations have already been laid, and installation of power-generating equipment has commenced. The project aims to reduce dependency on diesel power, supporting sustainable energy objectives.

Concurrently, work has begun on a dedicated security compound. Infrastructure under development includes fencing and structured access points to improve site safety and operational integrity. Completion timelines for both the solar and security installations are set for the near term.

Leadership Strengthened to Support Delivery

Lindian Resources has reinforced its site-based project management team to meet the demands of its rapid construction timeline. Reporting to Construction Manager Daniel Britz, key appointments include a Senior Process Engineer, a Construction Superintendent, a Project Planner, a QA/QC Superintendent, and a Health, Safety and Environment (HSE) Manager.

To complement on-site operations, the company has also appointed Hannah Murphy as Corporate Development and Investor Relations Manager, based in Perth. These roles collectively enhance operational readiness and contribute to overall project execution efficiency.

Preparation for Plant Construction Builds Momentum

Development at Kangankunde is building toward the start of full-scale plant construction later in the year. With core infrastructure components progressing and site leadership in place, Lindian is positioning the project for its next phase of development.

The company is evaluating multiple financing proposals to support this progress. Among the options under review are a non-binding term loan proposal from Ecobank Malawi and a preliminary secured bond proposal from a European financial institution. These proposals are undergoing assessment for alignment with Lindian’s long-term project framework.

Lindian Resources Ltd (ASX:LIN) maintains a disciplined approach to project delivery amid evolving rare earth market conditions, and its operational steps reflect ongoing progress across engineering, construction, and management functions.


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