PERTH (miningweekly.com) – Rare earths hopeful Lindian Resources has reported a maiden mineral resource of 261-million tonnes at its Kangankunde rare earths project in Malawi, making it one of the world’s largest rare earth deposits.
Grading at 2.19% total rare earth oxides, the project is estimated to host 5.7-million tonnes of contained rare earths, including 1.2-million tonnes of contained neodymium-praseodymium (NdPr).
“Our maiden mineral resource estimate marks a key milestone for Lindian and positions us as a major player in the global rare earths sector,” said executive chairperson Asimwe Kabunga.
“We can confidently claim Kangankunde is one of the world’s largest rare earth projects superior in terms of tonnage matched with excellent grade and containing a high percentage of critical metal elements NdPr, and uniquely, material that is non-radioactive. This makes the project highly attractive to parties seeking secure, long-term supply, many of which have expressed an interest in Kangankunde’s material.
“Our focus now turns to locking in these offtake agreements and advancing construction of our Stage 1 plant to deliver first product in 2024.”