One of the world's greenest rare earth resources - Lindian Resources advances Kangankunde project
Some unique geology gives Lindian Resources' Kangankunde rare earths project a green advantage, said Alistair Stephens, CEO of Lindian Resources.
On June 20, 2023, Stephens spoke to Kitco at the 15th Lithium Supply and Battery Raw Materials 2023 in Henderson, Nevada.
Lindian Resources (ASX:LIN) is an ASX-listed Australian company advancing its Kangankunde rare earths project in Malawi. The company describes the project as globally significant in grade, quality and size. The project hosts carbonite intrusive with outstanding grades of up to 23.7% total rare earth oxide.
The company describes the metallurgy as simple. Kangankunde sits on top of what used to be a large sunken volcano. The huge pressure and heat from the magma melted limestone to create a magnetite containing NdPr (neodymium and praseodymium) - two of the world's most sought-after rare earth elements.
Importantly, the company says that Kangankunde mineralization, monazite, has consistently low levels of the radionuclides uranium and thorium in all drilling assays to date.
"It's non-radioactive, which is extremely unusual for a monazite because that can be kind of a stumbling block for rare earth projects," said Stephens.
Low radioactivity has significant environmental social governance advantages, Lindian contends. Processing and transportation are cheaper. The premium surcharges for rare earths can be avoided.
The project is also close to logistical infrastructure.
In the coming weeks the company plans to release a maiden mineral resource based upon a 14,000 meter drill program.
Coverage of the 15th Lithium Supply and Battery Raw Materials 2023 was sponsored by Lindian Resources (ASX:LIN).