Lindian Resources Limited · ASX:LIN
Lindian Resources — Africa Down Under Conference 2024
24 slides from Lindian Resources's conference presentation, Sep 4, 2024
Slide 1: Kangankunde Rare Earths Project
Kangankunde Rare Earths Project For personal use only A world class opportunity for Lindian and Malawi Alwyn Vorster, Chief Executive Officer Africa Down Under Conference 4-6 September 2024 ASX:LIN 1 OTCQB:LINIF
Slide 2: Important Information
Important Information Disclaimer The material in this presentation has been prepared by Lindian Resources Limited (“Company”). For personal use only This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, fo
Slide 3: Corporate information
Corporate information Company ASX Code LIN Substantial Shareholders3 Share Price1 A$0.115 Kabunga Holdings Pty Ltd 10.90% For personal use only Ordinary Shares on Issue ~1.153B Bonacare Pty Ltd / Topwei Pty Ltd / Wei & 9.97% Performance Rights 23.3M Zhang Options on Issue: (Conversion value A$20.5M)
Slide 4: Lindian Projects Location
For personal use only Lindian Projects Location • Rare Earths: World class Kangankunde Project in Malawi • Bauxite: Three projects in Guinea • Bauxite: Exploration project in Tanzania • Head Office: Perth, Western Australia 4 ASX: LIN 4
Slide 5: Kangankunde Rare Earths Project
Kangankunde Rare Earths Project Large; Development Ready; Expandable For personal use only 1 2 3 CRUCIAL TO SUPERIOR LOW Global Tier 1 Asset Capex & Supply Opex 4 5 6 STRONG FULLY MA SSIVE Return on Permitted Scalable Investment Asset
Slide 6: What is Driving Rare Earths Demand?
What is Driving Rare Earths Demand? Global trends will continue to NdPr oxide is a critical input for NdFeB drive demand for rare earths magnets used in wind turbines and electric vehicles For personal use only 6 6 Source: Project Blue Report 2024
Slide 7: NdPr Demand Forecast
NdPr Demand Forecast It is expected the NdPr market will triple in the period to 2050, requiring a 3x increase of 2023 supply levels For personal use only ~CAGR 13.6% 2023 Global NdPr production ~55 ktpa CAGR 9% Tonne NdPr +2X GROWTH FY2010-FY2020 PROJECT BLUE – PROJECTED MARKET TREND 7 needs an add
Slide 8: Location & background
Location & background • Malawi is a stable jurisdiction with English Law and a democratically elected government. For personal use only • Kangankunde – proximity to Blantyre and Balaka. • Timeline summary: o Q2 2022 - Rift Valley Resources (RVR) secures Mining Licence. 1 o Q3 2022 - Lindian sharehol
Slide 9: Kangankunde Geology
For personal use only Kangankunde Geology • Chilwa Alkaline Province (CAP) - southern • Primary ore mineral is monazite • Three intrusive carbonatite zones end of the East African Rift system ((RE)PO4) with grain size up to 2mm • Core of magnesium-calcium to iron- • Kangankunde carbonatite intrusion
Slide 10: Mineral Resources & Ore Reserves
Mineral Resources & Ore Reserves Sufficient Resources and Reserves to support multi decade production For personal use only 400 Mt-800 Mt Exploration Target1 261 Mt Mineral Resources1 23 Mt Ore Reserves1 1. Refer detail of Exploration Target, Resources and Reserves in Appendix slide 10 10
Slide 11: Kangankunde Production Summary
Kangankunde Production Summary A world-class resource to produce a high-grade concentrate containing low radionuclides (thorium & uranium) and limited acid consuming minerals For personal use only ~15,300 tpa Concentrate ~15 months FID to first production ~8,200 tpa (containing) Rare Earth Oxide 45
Slide 12: Mine Design & Operations
Mine Design & Operations Simple conventional mining operation resulting in low capex and low opex For personal use only • ~520,000 tpa ore mined • 6 open pit mining zones • Drill, blast, load, haul model • Very low strip ratio (<0.2:1) • High-grade feed at 3.1% TREO during early years • Conventional
Slide 13: Processing Plant
Processing Plant Simple conventional processing plant resulting in low capex and low opex For personal use only • ~450,000 tpa plant feed. • Unique mineralogy allowing mainly gravity and magnetic separation. ROM stockpile • No (or minor) flotation circuit resulting in Magnetic separation Grinding ve
Slide 14: Financial Evaluation
For personal use only Financial Evaluation ~US$40M2 US$2.92/kg REO2 (FOB) Profitable at current low prices1 Lowest Capex among peers Opex in lowest cost quartile Years 1-5 LOM Unit Spot Price (average) (average) Average US$/kg 50 82 109 Price NdPr EBITDA US$M 11 57 83 US$794M (A$1,189M)1 99%1 Pre-ta
Slide 15: Community Engagement
For personal use only Community Engagement Working with community • Long standing relationships with local leaders and community • Community investment – incl local school, police unit, roads • Community Engagement Plan agreed • Resettlement of project affected people completed – positive support fr
Slide 16: Government & Permitting
Government & Permitting Fully permitted For personal use only • Environmental and Mining Licence granted • Permitted to commence construction and operations once funding secured Government engagement • Strong relationships with central and local governments • Resettlement process strongly supported
Slide 17: Country and Commodity Outlook
Country and Commodity Outlook Rio Tinto shows investment Recent increases in NdPr confidence in Malawi prices – the turning point? For personal use only 17 Project Blue February 2024 report; Barrenjoey Daily Market Reports ASX: LIN 17
Slide 18: Indicative project timeline
Indicative project timeline 2024 2025 2026 For personal use only Feasibility Study Funding FID Non-Processing Infrastructure (Access Roads, Borefields; Power) Mine development Processing Plant procurement & construction PC Commissioning • FID – Final Investment Decision • PC – Practical Completion F
Slide 19: Lindian Value Proposition
Lindian Value Proposition Rare Earths: Kangankunde - Malawi For personal use only • Global tier one rare earths asset. • Mining-friendly jurisdiction. • Low-cost Stage 1 project. • Robust Stage 1 project economics. • Significant Stage 2 expansion potential. • Short term path to production. Bauxite:
Slide 20: Appendices
For personal use only Appendices 20
Slide 21: Experienced leadership team
Experienced leadership team Board Executive Team • Tanzanian born Australian entrepreneur • 30-years mining experience from • The visionary behind the company’s exploration, feasibility, mine development Asimwe Kabunga Alwyn Vorster For personal use only strategy & minerals marketing Executive Chair
Slide 22: Kangankunde - Resources & Reserves
Kangankunde - Resources & Reserves Mineral Resource Inclusive of Reserves @ 0.5% TREO Cut-off Grade Resource Classification Tonnes TREO NdPr% of Tonnes TREO** Contained (millions) (%) NdPr* (%) For personal use only (millions) Indicated 61 2.43 20.1 0.3 Inferred 200 2.05 20.4 0.8 Total Resource 261
Slide 23: Competent Persons Information
Competent COMPETENTPersons Information PERSONS' STATEMENTS The information in this presentation that relates to Exploration Results, The information in this presentation that relates to the Ore Reserve for the Metallurgy Results, and Mineral Resources of the Kangankunde Rare Earths Kangankunde proje
Slide 24: Contact Details
For personal use only Contact Details Level 15 240 St Georges Terrace Perth Critical minerals for WA 6000 +61 8 9530 2400 multi-generations lindianresources.com.au
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