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18/07/2024
Mining News

Lindian’s Kangankunde Project Hits High-Grade Rare Earths, Signaling Promising Developments

Impressive findings from Lindian at Kangankunde

In the first 21 holes of their Phase 3 drilling at the Kangankunde Rare Earths Project, Lindian Resources Limited has uncovered exciting results.

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“Our drilling showed 150 metres from the surface to the end of the hole averaging 3.78% TREO in KGKRC087,” stated Asimwe Kabunga, Lindian’s Executive Chairman.

He added: “Other significant results include 75 metres averaging 3.57% TREO and 70 metres at 3.44% TREO.”

Aiming high with Phase 3

The goal of this phase is to upgrade part of the Kangankunde project’s Mineral Resource Estimate to an Indicated category.

“We are looking forward to releasing more results from 28 additional holes soon,” remarked Alistair Stephens, CEO of Lindian.

This step is crucial before the anticipated Feasibility Study, due by the end of March.

Views from Lindian’s leadership

Kabunga is optimistic about the project’s future. “These results are key for our Stage 1 mine development Feasibility Study, helping us define our initial expenses and operations costs,” he said.

Stephens emphasized the consistency of high-grade results. “This consistency is a great sign for our Phase 1 mining and processing operation. It highlights Kangankunde’s unique role in the rare earths market.”

Kangankunde’s market impact

Managed by Lindian, the Kangankunde deposit is among the world’s largest high-grade rare earth projects. “This project is set to be a major player in the rare earths market,” Stephens observed.

 

Source: Mining Review Africa

 

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