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- Project execution remains on schedule
- Strong safety performance continues
- Major mining readiness milestone achieved
- Process plant civil and structural works progressing ahead of schedule
Lindian Resources (ASX:LIN) is making strong headway and remains on target for first production in Q4 2026 at its Kangankunde rare earths project in Malawi.
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Kangankunde is one of the world’s leading rare earths deposits currently in development, with an upgraded mineral resource estimate (MRE) now including 61 million tonnes (Mt) in the indicated category at a 2.43% total rare earth oxide (TREO).
Lindian executive director, Zac Komur, told shareholders Kangankunde continues to advance across construction, mining readiness, supporting infrastructure and operational preparation, with front-end commissioning targeted for October 2026, with practical completion scheduled for mid-November 2026.
“Kangankunde is delivering outstanding progress, with construction, mining readiness, procurement, infrastructure and operational preparation all advancing strongly,” Mr Komur said.
“Importantly, this progress is being delivered safely, with more than 800,000 LTI-free work hours recorded across a workforce of 3,318 personnel.
“We are now moving rapidly toward mining operations. Access to the top of Kangankunde for the Stage 1 pit is established, the haul road is complete, approximately 27,000 tonnes of ore is on the ROM pad, explosives are onsite, the explosives magazine has been signed off, and the production drill rig is drilling the first blast pattern.
“Construction execution is also accelerating, with process plant civil and structural works progressing ahead of schedule, major procurement complete, mobilisation to site underway, and critical infrastructure including the TSF, power corridor, workshops, fuel farm and perimeter fencing advancing.”
Mr Komur highlighted the continued support of the government of Malawi and key regulatory stakeholders has been important in achieving these milestones, particularly the explosives approvals and magazine sign-off, which reflect the high compliance standards being applied at Kangankunde.
He also noted that stage two is also progressing strongly, with infill drilling complete and samples being advanced for assay to support an updated Mineral Resource Estimate. The DRA-led stage two feasibility study remains on track for completion in December 2026 and is focused on defining the next major growth phase at Kangankunde.
“The team is focused on safe delivery, disciplined execution and building Kangankunde into a scalable rare earths operation capable of delivering long-term value for shareholders and meaningful benefits for Malawi.”
LIN was up 9.70% to 90.5¢. Mkt cap $1.509B.
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