Asimwe Kabunga

Volt Resources has received the key Environmental Impact Assessment certificate for its Bunyu graphite project, which is the final pre-requisite for the grant of a mining licence over the promising project in south Tanzania. The company already has two binding offtake agreements in place and plans to raise up to USD$40m through a resources-based notes issue that could underwrite the Stage 1 development.

Volt Resources is now free to progress its proposed Stage 1 and Stage 2 developments at the Bunyu graphite project after it was granted two mining licences by Tanzania’s Ministry of Minerals. The company will now focus on completing its proposed USD$40m bond issue on Tanzania’s Dar es Salaam Stock Exchange. Once this is completed, the company will start front end engineering work for the initial Stage 1 operations and order long lead time components.

ASX-listed Lindian Resources has tabled world-class, high-grade alumina numbers at its Gaoual conglomerate bauxite project in Guinea, West Africa. The maiden indicated resource estimate for Lindian’s readily mineable surface deposit of 102 million tonnes at 49.5 per cent alumina includes uber-rich tonnage of 84Mt at 51.2 per cent alumina.

ASX-listed bauxite hopeful Lindian Resources has snared the services of 45-year bauxite and alumina veteran, Yves Occello, pictured, appointing him as a Non-Executive Director as the company looks to beef up its board to execute a plan to advance its high-grade Gaoual conglomerate bauxite project in Guinea towards production. Occello has been a Director of Compagnie de Bauxite de Guinee, Guinea’s largest bauxite producer for 30 years.

Lindian Resources has further bolstered its senior management ranks with another bauxite expert after experienced Guinea Mining Engineer, Danny Keating, was appointed to the role of Chief Executive Officer. The appointment follows hot on the heels of the company also securing the services of 45-year bauxite and alumina veteran, Yves Occello, as a Non-Executive Director.

ASX-listed West Africa bauxite player, Lindian Resources, has been given the all-clear from the Guinean Government to finalise the acquisition of a 75 per cent interest in the massive, undeveloped Lelouma bauxite project in Guinea. The Perth-based junior will assume the 75 per cent stake in Lelouma’s overarching ownership vehicle, Sarmin Bauxite, and take over operational control of the project.

ASX-listed West Africa bauxite hopeful, Lindian Resources, has started the next significant phase of technical analysis at its Gaoual bauxite project in Guinea as it looks to tackle the relatively high content of the impurity silica in the high-grade conglomerate deposit. The Perth-based company has just sent its geological crew to the project site to carry out all-important screening tests on Gaoual’s aluminium oxide ore.

Lindian Resources has completed the acquisition of its 75 per cent interest in the leviathan Lelouma bauxite project in Guinea following shareholder approval. The company recently reported Lelouma’s near-surface resource had been increased to 900 million tonnes grading 45 per cent aluminium oxide and 2.1 per cent silica containing a higher-grade portion totalling 398 million tonnes at 48.1 per cent aluminium oxide and 2 per cent silica.

ASX-listed aspiring West Africa bauxite developer, Lindian Resources, has received the Guinea Ministry of Mines’ approval to acquire a 61 per cent stake in the strategic Woula bauxite project. The company sees Woula as a possible near-term entree to production given the Woula bauxite resource’s direct shipping ore potential and the project’s close proximity to the mature Guinea bauxite industry’s transport and export infrastructure.

Lindian Resources has been buoyed by the successful results of screening test work done on high-grade sample ores from the Bouba conglomerate bauxite deposit at its Gaoual project in Guinea. The company says the simple dry screening process used significantly reduced the levels of the silica impurity and delivered an increase in the aluminium oxide grade in high-grade conglomerate ore samples, with minimal loss of tonnage.

Lindian Resources has clinched a memorandum of understanding with Chinese construction company China Railway Seventh Group that will weigh up a possible infrastructure road map to help accelerate development of, and kickstart bauxite production at, the Perth-based company’s assets in Guinea. Both parties will consider entering a formal agreement to devise an infrastructure development plan for Lindian’s potential low CAPEX rapid pathway to becoming a bauxite producer.

Further metallurgical test work on Lindian Resources’ high-grade sample ores from its Bouba conglomerate bauxite deposit in Guinea has come up trumps again. The company says digestion test work following up on recent positive results from dry screening of the Bouba ores showed they were suited to both low temperature and high temperature digestion settings in Bayer process alumina refineries.

ASX-listed aspiring West African bauxite developer, Lindian Resources has continued to put potential infrastructure building blocks in place to help accelerate the development of its Lelouma, Gaoual and Woula bauxite projects in Guinea. Its subsidiary, Terminal Logistics and Holdings recently struck a memorandum of understanding with the Guinean Government to appraise the possible joint development of the Dobali port and an associated logistics corridor in Guinea.

West African bauxite hopeful, Lindian Resources has moved to separate the infrastructure interests and mining ownership structures in relation to its Lelouma, Gaoual and Woula bauxite projects in Guinea as it looks to firm up a business model for the development and operation of the assets. As part of the grand plan, the company hopes to strike binding agreements with various parties to participate in the infrastructure development required for the projects.

Major Chinese construction outfit, China Railway Seventh Group has completed a visit to Lindian Resources’ bauxite assets in Guinea, West Africa, as agreed under a memorandum of understanding executed earlier this year. China Railway Seventh Group is a key player in Lindian’s infrastructure grand plan and bid to bring its Guinean bauxite projects on stream in the near term.

In a transformative shift, Africa-focused bauxite explorer Lindian Resources has inked a deal to acquire the globally significant Kangankunde rare earths elements project in Malawi for US$30 million. Kangankunde has been hailed as one of the world’s largest rare earths operations outside of China. The acquisition is in line with the company’s pursuit of African projects.

ASX-listed Lindian Resources has followed up its shift into rare earths exploration by appointing commodities specialist Alistair Stephens as its new Chief Executive Officer as the company awaits shareholders to approve its takeover of the globally significant Kangankunde project in Malawi. Non-Executive Chairman Asimwe Kabunga will move to the role of Executive Chairman. Lindian is aiming to take full control of Kangankunde through a 100-per cent share acquisition of Rift Valley Resource Developments.

Lindian Resources is one step closer to securing the Kangankunde rare earths project in Malawi after making its first tranche payment to acquire current site owner Rift Valley Resource Developments. Whilst the deal is subject to shareholder approval, the US$2.5 million transaction is the first of four payments totalling US$30m with the remaining US$27.5 million across three installments within 48 months from the start of this month.

Lindian Resources will move forward with its plans to develop the Kangankunde rare earths project in Malawi after securing the green light from shareholders to acquire the site’s owner Rift Valley Resource Developments. Shareholders unanimously voted in favour of the purchase this week after Lindian made its first tranche payment in its bid to acquire Rift Valley earlier this year.

Lindian Resources is one step closer to 100 per cent ownership of its Kangankunde rare earths project in Malawi after completing the second tranche payment of $US7.5 million to former owner Rift Valley Resources. The latest figure is the second of four tranche payments with the third amount due in August this year and the fourth set for August 2026. The first portion of $US2.5 million was paid in August last year. Lindian agreed to pay Rift Valley a total of $US30 million for the project across the four tranches with $US20 million remaining.

Lindian Resources has secured $9 million in funding for its Kangankunde rare earths project, with chairman Asimwe Kabunga tipping in $500,000 as the company closes in on its processing plant construction. The funds come via a share placement at a near 10.5 per cent premium on the past closing price. Two new investors have poured in $7.5 million and $1 million respectively.

Lindian Resources has inked a supply deal with a new partner flush with cash. The company has revealed a six-year agreement with C&D Logistics, which will see it supply 23 million wet metric tonnes of bauxite from its Gaoual project in Guinea. Kicking off in 2025, the supply agreement requires annual negotiation on price, quantity, product quality, payment terms and delivery details.

Lindian Resources has successfully filled its coffers with $35 million in fundraising, enabling it to make the third and final payment of $14.95 million as part of its full acquisition of the Kangankunde rare earths project in Malawi. Cash has come from new and existing institutional and sophisticated investors, who subscribed for more than 106 million fully-paid ordinary shares at 33 cents each.

Lindian Resources is one step closer to owning its Kangankunde rare earths project in Malawi after completing the third of four tranche payments needed to acquire the site’s current owner, Rift Valley Resources Developments. With the latest $US10 million transaction, a total of US$20 million has been paid to Rift Valley, with the final tranche payment of $US10 million still to come.

Lindian Resources has delivered the highly-anticipated maiden mineral resource estimate for its Kangankunde rare earths project in Malawi, coming in at 261 million tonnes at a cracking grade of 2.19 per cent TREO. Including 5.7 million tonnes of contained rare earths of excellent grade, it positions the project among the world’s biggest deposits and paves the way for offtake agreements and mine development.

Lindian Resources has moved to commercialise its Gaoual bauxite project in Guinea by inking a memorandum of understanding for a possible sales contract with prominent miner Compagnie des Bauxites de Guinée. Lindian will complete a feasibility study for its 102-million-tonne deposit within two years, while the companies negotiate a possible sales contract for the high-aluminium oxide product.

Lindian Resources has unveiled an eye-watering 1000m intersect grading 2.6 per cent total rare earth oxides (TREO) from a depth extension drilling program at its Kangankunde rare earths project in Malawi. It says the assays extend mineralisation about 700m vertically below the base of the existing inferred mineral resource estimate of 261 million tonnes at 2.19 per cent TREO. Mineralisation remains open in all directions.

Lindian Resources has signed a maiden sale and purchase contract with global commodity trader Gerald Metals, part of the Gerald Group, for monazite rare earths concentrate from its Kangankunde project in Malawi. Management says the deal provides for the supply and sale of 45,000 tonnes of monazite concentrate from the stage-one development of the Kangankunde operation during a five-year period.

Lindian Resources is taking aim at upgrading a significant portion of its massive Kangankunde rare earths deposit in Malawi to the high-confidence indicated category ahead of a feasibility study due this quarter. The deposit’s 261 million tonnes grading 2.19 per cent TREO currently sits in the inferred category and the company hopes to make an eyebrow-raising maiden ore reserve statement as part of its study.

Lindian Resources has backed up positive recovery results from testwork on ore from its giant Kangankunde rare earths project in Malawi with concentrate grades ranging between 55 per cent and 68 per cent TREO. The company’s latest metallurgical test results confirm achievable recoveries of 70 per cent TREO, in line with results delivered in April last year.

Incoming Lindian Resources chief executive officer Alwyn Vorster has vowed to bring the company’s massive flagship Kangankunde rare earths project in Malawi into construction and operation “as soon as possible”. The experienced rare earths executive, who has a track-record of managing projects through all stages of development, is expected to take up his new post as of this Saturday.

Lindian Resources has lifted the lid on a compelling new set of financial numbers for its giant Kangankunde rare earths project in Malawi, including a whopping annual EBITDA of US$84 million (AU$124.5 million) in a 45-year mine life. A feasibility study on the project’s stage-one development also shows a post-tax payback period of just 1.5 years for a US$40 million (AU$60 million) pre-production capital outlay.

Lindian Resources will pick up between $1 and $2 a tonne by way of a royalty over its Woula bauxite project in Guinea, with two Guinea-based firms set to lease and mine the project. Woula will churn out about 2mtpa and notably, production should commence within 12 months, setting up a handy income stream for Lindian as it looks to commercialise its massive rare earths asset in Malawi.