Lindian Resources Limited (ASX:LIN) has obtained rare earths assays up to 9.5% TREO from the Phase 1 drilling programme at the Kangankunde Rare Earths Project in Malawi.
All holes have intersections of non-radioactive material with excellent grade for their entire lengths (surface to End of Hole) and with a large percentage of critical Rare Earths metal elements of NdPr.
“These assays are without doubt extremely encouraging from the perspective of the size of the mineralized body as we have continued to intersect very broad, high grade intercepts of non-radioactive mineralization from surface with all holes terminating in mineralization,” CEO, Alistair Stephens, said.
“The fact that Hole KGKRC007, located on the western edge of the carbonatite, was our highest grading hole to date provides a high degree of confidence that the assay grade of the central carbonatite unit is likely to be largely consistent throughout and to depth.
“In addition, we are highly encouraged by what we have encountered in hole KGKRC010, as it is the first time we have drill-tested the mixed breccia zone of carbonatite and altered wall rock which borders the high-grade carbonatite, and to have intersected 138m grading 1.47% in material that we anticipated to be much lower grade is very significant and builds the case that the breccia surrounding and intruding into the carbonatite on the edges could host significant additional rare earths mineralization.
“All our efforts are focused on delivering the maiden Mineral Resource Estimate in Q2 and preliminary metallurgical test work results this quarter and with these latest results we remain on track to achieve these milestones. With a fully permitted mining project, we are exceptionally well-placed to advance Kangankunde’s development rapidly. We look forward to reporting on more operational progress over the coming weeks.”
For further information please visit: https://www.lindianresources.com.au/
