Lindian Resources welcomes concentrate sale and purchase deal for Kangankunde
–News Direct–
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) CEO Alistair Stephens tells Proactive the company has joined forces with global metals powerhouse Gerald Metals SARL to fast-track its Kangankunde Rare Earths Project in Malawi to producer status by the end of next year. This partnership is two-fold involving the sale of 45,000 tonnes of monazite concentrate from Kangankundes Stage 1 development to the trading company headquartered in London and a finance facility of up to US$10 million to the rare earths explorer.
The Kangankunde Rare Earths Project continues to deliver excellent results, including the globally strategic maiden mineral resource estimate reported last month, Stephens added.
With a mining licence and environment and social impact assessment licences granted, the comp...