Lindian triples rare earths mining area at huge Malawi project
Lindian Resources Executive President Robert Martin said: “The upbringing of our two expansion areas from a discovery licenses to the mining license allows Lindian to work in parallel with our larger stage expansion, while the first stage of the production facility is used to enable us to optimize our processing flow schemes and rescue. This will allow Lindian to have a larger market.
The ILUKA agreement announced last week, the critical mineral Stalwart chip, a 15 -year output agreement for 6000TPA or a total of 90,000 Kangand Premium Monazit concentrate with $ 20 million ($ 30.6 million) construction loans.
Super high -grade deposit will produce first -class rare soil concentrate in renewable energy applications and electrical vehicle motors, which are shook the scales in 55 percent of total rare soil oxides (TREO), consisting of valuable magnets rare neodymium and praseodymium soils.
The first stage of Kangankunde, the production of 15,300T monazit concentrate, will pump approximately 1600T of two magnet metal for a 45 -year mine life, which will be able to grow folded due to the large increase in mining and the major resource at hand.
The project comes with US $ 2,92 per kilogram of CapEX and rare soil oxides before an expected production of USD $ 40 million, and this tends to believe that the project is circulating globally in the lowest cost quarter.
Lindian’s agreement with Iluka seems to be an excellent timing for the duo, following feeding for the developed Enaabba Nadir Earths refinery in the Middle West of Western Australia. Australia’s first government -backed Nadir Earths facility is expected to begin in 2027.
Considering the introduction of an Albanian Labor Government, a magnet Nadir Earths price base mechanism, probably in accordance with US President Donald Trump’s very good news for the US Nadir Earths industry, ILUKA may be in the box seat to pump as much material as possible.
Iluka also has the right to refuse for the first time for additional long -term purchase material from Kanankunde up to 25.000TPA for 15 years.
The Kangankunde project has gained acceleration with positive news in recent months, and if the federal government comes to the party with a rare Earths pricing agreement, it can get more support in the Iluka tie.
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