Lindian Resources Limited (ASX:LIN) has obtained high-grade assay results from the Phase 1 drilling programme at the Kangankunde Rare Earths Project in Malawi.
The assays reported below are from 13 reverse circulation (RC) drill holes KGKRC055 and KGKRC056 and KGKRC058 to KGKRC068 and four core tail extensions KGKRDD001 to KGKRCDD003 and KGKRCDD018.
All holes drilled have extensive intersections of mineralization which are non-radioactive and have significant percentages of critical Rare Earths metal elements neodymium and praseodymium (NdPr).
“The assays we are reporting today are nothing short of spectacular. They provide futher evidence that Kangankunde has substantial rare earths grade and massive geometric size, substantial depth potential, with non-radioactive mineralization,” CEO, Alistair Stephens, said.
“All this points to the fact that Kangankunde could very soon emerge as one of the world’s greatest rare earths assets. Furthermore, initial metallurgical work programmes have ascertained the mineralization is amenable to water-based gravity separation with exceptional recovery and grade.
“While all assays are very encouraging, with KGKRC059’s 49m @5.47% TREO from surface to end of hole being a clear standout, KGKRCDD018 warrants special mention given we have intersected ~123m @3.94% TREO from almost 175m down. This demonstrates that higher grade mineralization is continuing at depth.
“We look forward to reporting assays from the remaining 14 holes, ongoing progress from the Phase 2 drill programme and progress with respect to the first stage processing plant. Lindian is very well-placed and interest continues to grow in the project from investors throughout the world and potential quality offtakers.”
For further information please visit: https://www.lindianresources.com.au/
