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Highlights
Lindian Resources Ltd (ASX:LIN) enhances financial flexibility via funding from option conversions and government rebate
Construction activities progress at the Kangankunde Rare Earths Project in Malawi
Key contracts for mining operations and infrastructure development expected soon
Lindian Resources Ltd (ASX:LIN), listed on the ASX 200, has reported a strengthened cash position following a funding injection sourced from option conversions and a refund granted under the Australian Government’s Research and Development Tax Incentive Program. The company, which operates within the rare earths mining sector, continues to accelerate its activities at the Kangankunde Rare Earths Project in Malawi.
The company also features across broader indices, including the ASX 100, ASX 300, ASX 50, and All Ordinaries, reflecting its visibility in Australia's mining and exploration sector.
Option Conversions and R&D Rebate Secure Financial Uplift
Lindian Resources received a financial boost through the exercise of unlisted options and a refund under the Research and Development Tax Incentive Program. The proceeds will support ongoing project development and metallurgical test work intended to enhance the beneficiation process at Kangankunde.
The tax rebate aligns with the company’s efforts to apply innovative processing techniques aimed at improving extraction efficiency for rare earth elements. The program rewards companies for engaging in eligible R&D activities contributing to technical advancements.
Construction Progresses at Kangankunde Rare Earths Project
Construction efforts at Kangankunde are underway, with major developments progressing across multiple areas. Haul roads for Pit 1 and Pit 2 have entered the development phase, supporting early-stage material transport.
Additionally, Lindian is progressing on-site infrastructure including solar power generation and site-wide security installations. The rollout of energy and safety enhancements forms part of a broader strategy to establish operational stability ahead of the next construction phase.
Contracts for Key Development Phases Approaching Finalisation
Lindian is expected to finalise contracts related to mining services, power supply infrastructure, and the design and construction of its rare earths processing facility. These awards are anticipated to support a structured transition toward full operational readiness.
The upcoming contract announcements mark a significant step in the transition from construction to execution at Kangankunde. These developments further align with the company’s phased approach to project delivery.
Personnel Enhancements Strengthen Execution Capability
In support of its construction and development objectives, Lindian has expanded its operational team with several strategic personnel appointments. These additions are intended to improve on-ground oversight, streamline project timelines, and strengthen site-level decision-making.
The appointments reflect the company’s efforts to equip itself with experienced professionals capable of managing large-scale infrastructure and mining projects.
