Slide 1: Becoming a globally significant critical minerals producer
For personal use only Becoming a globally significant critical minerals producer. Alwyn Vorster, Chief Executive Officer ASX: LIN Noosa Mining Conference 1 13-15 November 2024 1
Slide 2: Important Information Disclaimer
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 Overview
Corporate Overview Company ASX Code LIN Substantial Shareholders3 Share Price1 A$0.095 Kabunga Holdings Pty Ltd 10.89% For personal use only Ordinary Shares on Issue ~1.152B Bonacare Pty Ltd/Topwei /Wei /Zhang 9.96% Performance Rights 16.3M Ven Capital Pty Ltd 9.50% Options on Issue: (Conversion val
Slide 4: Lindian Projects Location
Lindian Projects Location ▪ Rare Earths: World class Kangankunde For personal use only Project in Malawi ▪ Bauxite: Three projects in Guinea ▪ Bauxite: Exploration project in Tanzania ▪ Head Office: Perth, Western Australia Our Vision: TO BECOME A GLOBALLY SIGNIFICANT CRITICAL MINERALS PRODUCER ASX:
Slide 5: Rare Earth Elements (REEs)
Rare Earth Elements (REEs) Rare Earth Elements are a group of 17 elements essential for modern technology and sustainable solutions. Neodymium (Nd) and Praseodymium (Pr) are needed in the production of permanent magnets used in EVs, wind turbines and robotics. For personal use only 5
Slide 6: NdPr Demand Forecast
NdPr Demand Forecast Experts forecast the NdPr demand will increase 3x in the period 2023 to 2050. 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 HISTORIC TREND – PROJECTED FORWARD needs an addi
Slide 7: Rare Earths Outlook
Rare Earths Outlook For personal use only 7 7
Slide 8: NdPr Price Outlook
NdPr Price Outlook NdPr prices increasing since June 2024 – the turning point? For personal use only Source: Project Blue Report 2024 8 8
Slide 9: Kangankunde Rare Earths Project
For personal use only KANGANKUNDE RARE EARTHS PROJECT 9 9
Slide 10: Kangankunde - Location & background
Kangankunde - 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: ▪ Q2 2022 - Rift Valley Resources (RVR) secures Mining Licence.1 ▪ Q3 2022 - Lin
Slide 11: Kangankunde - Feasibility Study Highlights
Kangankunde - Feasibility Study Highlights 1 Large; Development Ready; Expandable1 For personal use only 1 2 3 CRUCIAL TO SUPERIOR LOW Global Tier 1 Project in Capex & Supply stable jurisdiction Opex 4 5 6 STRONG FULLY MA SSIVE Return on Permitted Scalable Investment Asset 1.ASX announcement – 1 Jul
Slide 12: Mineral Resources & Ore Reserves
Mineral Resources & Ore Reserves Sufficient Resources and Reserves to support multi-decade project. For personal use only 400 Mt-800 Mt Exploration Target1 261 Mt Mineral Resources1 23 Mt Ore Reserves1 Carbonatite rock with abundant monazite Source: Lindian Resources Site Tour June 2024 Caut ionary
Slide 13: Kangankunde Stage - Mine Production Profile
Kangankunde Stage 1 – Mine Production Profile ▪ Drill, blast, load, haul model. For personal use only ▪ ~520,000 tpa ore mined1 . ▪ Very low 0.2 : 1 waste/ore ratio. ▪ Conventional mining equipment. ▪ Mined ore transported 2km downhill to ROM stockpile. 1.ASX announcement – 1 July 2024 “Outstanding
Slide 14: Kangankunde Stage - Processing Plant
Kangankunde Stage 1 - Processing Plant Simple conventional processing plant resulting in low capex and low opex ▪ ~450,000 tpa plant feed at ~3% REO. For personal use only ▪ Unique mineralogy allowing gravity and magnetic separation. ▪ No flotation circuit in Stage 1 ROM stockpile Grinding resulting
Slide 15: Feasibility Study - Financial Evaluation
Feasibility Study - Financial Evaluation For personal use only ~US$40M2,3 US$2.92/kg REO2,3 (FOB) Profitable at current low prices3 Lowest Capex among peers Opex in lowest cost quartile Years 1-5 LOM Unit Spot Price (average) (average) Average US$/kg 58 82 109 Price NdPr EBITDA US$M 24 57 83 US$794M
Slide 16: Community & Permitting
Community & Permitting Lindian Resources is committed to contributing to Malawi's economic growth through its planned Kangankunde mining operations to promote sustainable practices in the mining industry. For personal use only Fully Permitted • Environmental and Mining Licence granted • Water licenc
Slide 17: Pre-Construction Activities
Pre-Construction Activities • Offtake agreements For personal use only • Metallurgical Drilling & Flowsheet optimisation • Design & Construction (D&C) contract negotiation1 • Civil contract negotiation • Power contract negotiation • Site support infrastructure development • Mining lease expansion &
Slide 18: Funding Progress
Funding Progress Lindian is currently negotiating funding options with parties interested in Kangankunde Stage 1 and a potential expanded Stage 2 operation 1. For personal use only Focus remains on minimising shareholder dilution in Stage 1 funding Funding pipeline: • Trading and Construction compan
Slide 19: Indicative Project Timeline
Indicative Project Timeline 2024 2025 2026 For personal use only Feasibility Study Funding FID Pre-Construction Activities Non-Processing Infrastructure (Access Roads, Borefields; Power) Mine development Processing Plant procurement & construction PC Commissioning FOOT • FID – Final Investment Decis
Slide 20: Lindian Long Term Ambition
Lindian Long Term Ambition Become a material player in multiple stages of the REE value chain over time For personal use only Mining Beneficiation MREC Separation RE Metal Alloy Permanent Magnets Drill, Crushing, Cracking, Toll treatment, Separated RE Create RE alloys blast, load grinding, leaching,
Slide 21: Bauxite Projects
For personal use only BAUXITE PROJECTS 21 21
Slide 22: Bauxite Production Stages
Bauxite Production Stages 4-5 tonnes 2 tonnes of bauxite BAUXITE MINING of alumina ALUMINA PRODUCTION 1 tonne ALUMINIUM PRODUCTION For personal use only to make 2 tonnes Primary source is Bauxite to make 1 tonne Bauxite is processed into of aluminium Then through the process of electrolysis, of alum
Slide 23: Bauxite Market Demand - EVs
Bauxite Market Demand - EVs Global Bauxite demand for EVs. Global EV car sales vs aluminium demand For personal use only 23 23
Slide 24: Bauxite Projects - Overview
Bauxite Projects - Overview • Guinea export capacity has increased by 500% from approx. 20Mt per year in 2015 to >100Mt per year in For personal use only 2022. • Guinea bauxite production is increasing year-on-year currently at ~40Mt1. • Guinea has 16 operating bauxite mines through four major bauxi
Slide 25: Lindian Value Proposition
Lindian Value Proposition Rare Earths: Kangankunde - Malawi • Global tier one rare earths asset. For personal use only • 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 26: Contact
Contact Level 15, For personal use only 240 St Georges Terrace Perth WA 6000 +61 8 6401 4300 lindianresources.com.au investors@lindianresources.com.au LIN 26
Slide 27: Appendices
For personal use only APPENDICES ASX: LIN 27
Slide 28: 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 Chai
Slide 29: 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 30: Competent Persons Statements
COMPETENT PERSONS' Competent Persons STATEMENTS Information 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 proj
Slide 31: Kangankunde – Exploration Target
Kangankunde – Exploration Target 1 An Exploration Target has been determined for the Central Carbonatite of the Kangankunde Rare Earths Project in addition to the current Mineral Resource Estimate (MRE), as follows: Target Range Tonnes (millions) Grade (TREO %) Exploration Target Lower 400 2.0% For
Slide 32: Gaoual Project – LIN 75%
Gaoual Project – LIN 75% • Very high-grade, low silica (screening studies), For personal use only close to infrastructure located approximately Grade Grade Resources Cut-off 60km to CBG railhead1,2,3. Category (Mt) (AI2O3 %) (AI2O3 %) (SiO2 %) High Grade 83.8 45 51.2 11.0% Indicated Resources • Gaou
Slide 33: Lelouma Project – LIN 75%
Lelouma Project – LIN 75% High grade, low silica large resource Mineral Resource Tonnes For personal use only Cut-off Criteria AI2O3 (%) SiO2 (%) Category (Mt) >40% AI2O3 Measured 155 47.9 1.8 <10% SiO2 Indicated 743 44.4 2.1 >1m Thick Measured + Indicated 898 45.0 2.1 <1 Strip ratio (waste:ore Infe
Slide 34: Woula Project – LIN 61%
Woula Project – LIN 61% • Supplementary feed asset close to infrast10-year • Secured 10-year lease and royalty agreement on Woula Bauxite For personal use only project 1 • Lindian will be paid a royalty of US$1 per tonne to US$2 per tonne of bauxite produced from Woula • Royalty will continue for as
Slide 35: Becoming a globally significant critical minerals producer
For personal use only Becoming a globally significant critical minerals producer. www.lindianresources.com.au ASX: LIN 35