Just the facts: Lindian Resources advances Kangankunde pre-development [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Lindian Resources Ltd (ASX:LIN, OTC:LINIF).

The company continues to advance development at the Kangankunde Rare Earths Project in Malawi.

Lindian has secured a US$50 million non-binding term sheet with Gerald Group for funding and offtake, with due diligence and technical reviews underway to finalise binding terms.

Workshops and a site visit are planned later this month, with progress on track within the funding exclusivity period.

The processing flowsheet has been optimised for greater cost efficiency and technical robustness, with final designs pending.

A diamond drilling program completed in November has provided key samples for metallurgical testing and marketing discussions.

The design and contract process for plant construction is nearing finalisation, with an award expected in the coming weeks, subject to funding.

A new site office has been completed and regulatory approvals for a site access road are secured, with contracts for its construction …