AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Lindian Resources secures full ownership of Lelouma Bauxite Project
- Strategic move strengthens position in global aluminium market
- Early works progress at Kangankunde Rare Earths Project
Lindian Resources (ASX:LIN) has secured 100% ownership of the Tier-1 Lelouma Bauxite Project in Guinea through the execution of a binding Share Purchase Agreement to acquire the remaining 25% interest in Bauxite Holding Ltd. This strategic acquisition consolidates Lindian’s position in one of the world’s most significant bauxite jurisdictions and removes prior ownership dilution risks and financial commitments linked to earlier agreements.
The Lelouma Bauxite Project boasts an impressive JORC-compliant Mineral Resource of 900 million tonnes at 45.0% aluminium oxide (Al₂O₃) and 2.1% silicon dioxide (SiO₂). This includes a substantial 398 million tonnes of measured and indicated resources at an even higher grade of 48.1% aluminium oxide, with select zones exceeding 50% aluminium oxide. Of the total, 155 million tonnes are classified as Measured Resources, further underlining the project's world-class quality.
Lindian aims to produce Direct Shipping Ore (DSO) from Lelouma, a move that removes the need for costly processing or beneficiation. The acquisition was prompted by a comprehensive project review by Lindian’s new Board, which identified risks under the original investment terms that could have potentially reduced the company's project interest. Ensuring full ownership was deemed crucial to maximise the project’s future value.
Plans are underway to establish a new in-country management team focused on regulatory approvals, project development, infrastructure planning, and offtake discussions. Talks with potential port and infrastructure partners are already progressing significantly, reinforcing Lindian's commitment to advancing the project efficiently.
The Lelouma plateau is strategically located around 100 kilometres northeast of Sangarédi, with direct access to the CBG railway that connects to the Port of Kamsar — a major export hub handling around 25 million tonnes of bauxite annually. With more than US$10 million invested in exploration and development to date, Lelouma is well-positioned for its next phase of growth.
At the same time, Lindian is advancing early-stage site works at its Kangankunde Rare Earths Project in Malawi. This project, one of the world's most important undeveloped rare earth assets, is moving steadily towards Stage 1 construction. Civil and infrastructure activities, including the development of a 5-kilometre access road, are already ahead of schedule and targeted for completion in the June quarter.
Through these strategic initiatives, Lindian Resources (LIN) continues to strengthen its asset portfolio, targeting key growth markets such as aluminium for electric vehicles and rare earths for the broader clean energy transition.
