Lindian Resources reports progress in rare earths projects

Lindian Resources has announced significant milestones in its integrated rare earths strategy for the quarter ending September 30, 2026. The company has commenced active mining at its Kangankunde Rare Earths Project in Malawi, with the first production blast establishing approximately 125,000 tonnes of ore ahead of schedule. Construction of the Stage 1 process plant is currently operating 24 hours a day to prepare for commissioning.

To support its vertical integration, Lindian secured 100% ownership of the SARECO Mixed Rare Earth Carbonate (MREC) Processing Facility in Kazakhstan. Additionally, the Australian Nuclear Science and Technology Organisation (ANSTO) validated the Kangankunde flowsheet, achieving 98% NdPr extraction and certifying the final product as non-radioactive. The company also entered a strategic partnership with Carester SAS, which includes a binding long-term offtake agreement.

Lindian reported a robust cash position of $45 million, with total liquidity of $62 million. The company aims to achieve its first Monazite Concentrate production in December 2026.