Lindian Resources Limited · ASX:LIN
Lindian Resources — ANU REE Conference 2023
25 slides from Lindian Resources's conference presentation, Nov 16, 2023
Slide 1: Kangankunde "The King"
For personal use only KANGANKUNDE “THE KING” Technical Contributors Presented by Alistair Stephens Geoff Chapman (Geology) at the ANU REE Conference, Dr Marc Steffens (Metallurgy) 16 November 2023
Slide 2: Disclaimer
DISCLAIMER The material in this presentation has been prepared by Lindian Resources Limited (“Company”). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval
Slide 3: Corporate Overview
CORPORATE OVERVIEW Company ASX Code LIN Share Price ~A$0.17 For personal use only Ordinary Shares on Issue 1.151B Substantial Shareholders Performance Rights 29m Kabunga Holdings Pty Ltd 10.9% Options on Issue : Conversion value A$20.5M ~84M Bonacare Pty Ltd / Topwei Pty Ltd / Wei & Zhang 10.0% Mark
Slide 4: Board & Management
BOARD & MANAGEMENT • Tanzanian born Australian entrepreneur Asimwe • The visionary behind the company’s strategy Kabunga • Major shareholder Executive Chairman • Commercially astute and strategic investor • 36-year mining industry veteran, ~20 years in critical minerals • For personal use only 35-ye
Slide 5: Regional Location
For personal use only REGIONAL LOCATION ASX: LIN 5
Slide 6: History
HISTORY Rare Earth Element Production For personal use only Source: Geology.com ASX: LIN 6
Slide 7: Kangankunde Rare Earths Project
For personal use only KANGANKUNDE RARE EARTHS PROJECT Image: Kangankunde Hill; looking south ASX: LIN 7
Slide 8: Project Geology
PROJECT GEOLOGY Three carbonatite zones ✓ Intrusive dated ~129-million-year (East Africa Rift) For personal use only ✓ Three carbonatite units exposed at surface; larger central carbonatite and two connecting branch features North and South Knoll’s hosted in a hornblende-biotite gneiss ✓ Central ova
Slide 9: Mineralisation Distribution
MINERALISATION DISTRIBUTION REO Mineralisation in all drilled rocktypes ✓ 17,816 metres of drilling (to date) includes 2 angled holes of ~1,000 m For personal use only (~800m vertical depth) mineralised over entire length ✓ REO mineralisation - continuous intersections in all rock types ✓ High grade
Slide 10: Mineralogy of Mineralisation
MINERALOGY OF MINERALISATION Monazite (low Th) Minor Minerals ✓ Significant Minerals ▪ Less significant REO minerals: For personal use only • Monazite ((REE)PO 4)- varies • Bastnaesite ((Ce,La)CO3F) from green to white to • Florencite ((Ce,La)Al3(PO4)2(OH)6 ) colourless • Fluorapatite (Ca5F(PO4)3) •
Slide 11: Rock Types
ROCK TYPES Monazite - Low thorium For personal use only ✓ REE-mineralisation displays auto-metasomatism, dissolution and alteration. ✓ Monazite-strontianite pseudomorphs after burbankite (Na,Ca)3(Sr,Ca,REE,Ba)3(CO3)5 : pseudomorphing typically occurred soon after formation of burbankite. ✓ Textures
Slide 12: Mineralisation Styles
For personal use only MINERALISATION STYLES Dolomite with burbankite pseudomorphs Carbonatite/carbonatite breccia Mixed Breccia Milled Monazite clast from Breccia ASX: LIN 12
Slide 13: Mineralisation Styles
MINERALISATION STYLES Examples carbonatite and carbonatite breccia TREO % Interval length 0.9m For personal use only 1.0m 0.9m 0.9m 0.9m 0.5m 1.0m 1.0m 0.7m 0.9m 0.5m KGKDD002: refer ASX announcement dated 9 March 2023; KGKDD003: refer ASX announcement dated 17 April 2023 ASX: LIN 13 ASX Announcemen
Slide 14: Mineral Resource Statement "The King"
MINERAL RESOURCE STATEMENT “THE KING” Inferred Category1 Million tonnes Grade TREO % TREO Tonne NdPr tonne For personal use only Domain 1 58 1.8 1.0 mt 0.2 mt Domain 2 72 1.9 1.4 mt 0.3 mt Domain 3 23 3.2 0.7 mt 0.14 mt Domain 4 60 2.4 1.4 mt 0.3 mt Domain 5 46 2.3 1.1 mt 0.2 mt Kangankunde “The Kin
Slide 15: Exploration Target
EXPLORATION TARGET Mineralisation beneath the MRE KGKDD009 995.30 m to 995.72 m Target Range Tonnes (millions) Grade (TREO %) 0.42 m @ 7.09%TREO For personal use only Lower 400 2.0% Exploration Target1 Upper 800 2.7% Cautionary Statement: The potential quantity and grade of the Exploration Target is
Slide 16: Exploration Target: JORC 2012 Required Information
EXPLORATION TARGET JORC 2012 required information The Exploration Target is based on the current geological understanding of the mineralisation geometry supported by more than 17,000 metres of drilling, resource For personal use only estimation modelling and surface mapping but does not consider fac
Slide 17: Metallurgy Flowsheet
For personal use only METALLURGY FLOWSHEET Refer www.lindianresources.com.au for information on results of drilling ASX: LIN 17
Slide 18: Product Quality
PRODUCT QUALITY 1 Concentrate NdPr For personal use only Kangankunde Recovery Radiation2 Price $US/Kg (% TREO) (% of TREO) Metallurgy results1 70% 66% 20.2 No To be negotiated Enhances downstream Significantly lowers Water only separation Adds significant value Should attract a significant Implicati
Slide 19: Occupational Health & Safety
OCCUPATIONAL HEALTH & SAFETY BACKGROUND CPS CORE ROCK CPS BANANA For personal use only The above images of radioactivity measurement are indicative only and provided for comparison purposes only, measured indianresources.com.au for information on results of drilling ASX: LIN 19
Slide 20: Project Summary "The King"
PROJECT SUMMARY “THE KING” STRATEGIC DEVELOPMENT ESG Strong stakeholder support For personal use only An enabler to an Design programs well independent RE supply advanced Net zero-carbon capable chain dynamic RESOURCE TENURED METALLURGY ML, ESIA Low-impact Low-cost Global leading REO Explosive
Slide 21: Strategic Positioning
STRATEGIC POSITIONNG RESOURCE DEVELOPMENT STRATEGY • Current Resource 5.7mt TREO (1.2mt NdPr) in Inferred category THE For personal use only • Drill infill programme complete to convert 20mt Indicated Inventory DISRUPTOR • Convert ET and Inferred MRE to align with long term strategy to global rare e
Slide 22: What Is Next and Where To?
For personal use only WHAT IS NEXT AND WHERE TO? Who and how? What do they want? How much do they want? What part do they play? A left field option? ASX: LIN 22
Slide 23: Contact
CONTACT www.lindianresources.com.au For personal use only +61 8 6557 8838 Level 24, 108 St Georges Terrace Perth WA 6000 Alistair Stephens (CEO) ajs@lindianresources.com.au
Slide 24: Appendix B: Mineral Resource
Appendix B: Mineral Resource Table 1: Kangankunde Rare Earths Mineral Resource (at 0.5% TREO cut-off) Tonne La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 Class s (Mt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
Slide 25: Appendix C: ASX Announcements
Appendix C: ASX announcements List of ASX Announcements released by Lindian relating to the Kangankunde Rare Earths Project Date of Release Title For personal use only 1-Aug-2022 Lindian to Acquire 100% of Globally Significant Kangankunde Rare Earths Project 5-Jan-2023 Kangankunde Delivers Outstandi