Lindian Resources Limited · ASX:LIN
Lindian Resources — Mining Indaba Conference, Cape Town 2025
26 slides from Lindian Resources's conference presentation, Feb 3, 2025
Slide 1: Becoming a globally significant critical minerals producer
For personal use only Becoming a globally significant critical minerals producer. Mining Indaba Conference, Cape Town ASX: LIN 3 February 2025 1 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
For personal use only CORPORATE OVERVIEW 3
Slide 4: Corporate snapshot
Corporate snapshot Lindian is an ASX-listed resources company. It has a market capitalisation of ~A$125m with a world-class rare earth project in Malawi and several bauxite projects in Guinea and Tanzania. Recent milestones Capital structure For personal use only ✓ Stage 1 Feasibility Study complete
Slide 5: The future.. rare earths outlook and NdPr price
The future.. Evolving political climates and downstream processing capabilities will drive for rare earths. Is the current low NdPr price level the turning point? For personal use only Source: Project Blue Report 2024 5 5
Slide 6: Lindian... important future role in the rare earths value chain
Lindian... important future role in the rare earths value chain Lindian can be a significant player across 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
Slide 7: Kangankunde Rare Earths Project
For personal use only KANGANKUNDE RARE EARTHS PROJECT 7
Slide 8: Lindian... becoming a globally significant critical minerals producer
Lindian... becoming a globally significant critical minerals producer Our flagship Kangankunde Rare Earths Project 3 ranks amongst some of the best undeveloped rare earth assets in the world with the potential to deliver enormous economic value for our shareholders, stakeholders and partners. For pe
Slide 9: Kangankunde... location & milestones
Kangankunde... location & milestones Our global tier one rare earths asset is world class, with robust Stage 1 project economics and short-term path to production • Malawi is a stable jurisdiction with English Law & a For personal use only democratically elected government • Kangankunde – proximity
Slide 10: Mineral Resources & Ore Reserves
Mineral Resources & Ore Reserves Sufficient Resources & Reserves to support multi-decade project For personal use only 400 Mt-800 Mt Exploration Target1 261 Mt Mineral Resources1 (including) 23 Mt Ore Reserves1 Carbonatite rock with abundant monazite Source: Lindian Resources Site Tour June 2024 Cau
Slide 11: Kangankunde Stage 1 – Production Summary
Kangankunde Stage 1 – Production Summary Conventional mining and simplified process flowsheet – lower production risk • 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 downhi
Slide 12: Feasibility Study - Financial Evaluation
Feasibility Study - Financial Evaluation For personal use only ~US$40M2,3 US$2.92/kg REO2,3 (FOB) Profitable at current low prices 3 Lowest Capex among peers Opex in lowest cost quartile Years 1-5 LOM Unit Spot Price (average) (average) Average US$/kg 50 82 109 Price NdPr EBITDA US$M 11 57 83 US$794
Slide 13: Community & Permitting
Community & Permitting Lindian is committed to contributing meaningfully to Malawi's economic growth and the wellbeing of its Communities Fully Permitted • Environmental and Mining Licence granted For personal use only • Water licence granted1 • Permitted to commence construction and operations Gove
Slide 14: Financing Status – Next 18 Months
FINANCING STATUS – NEXT 18-MONTHS Indicative Funding Requirement – 18-months Potential uses of funds next 18-months of US$60M-$70M For personal use only Vendor payment (at first commercial production - late 2025) Funding solutions being progressed • Gerald Metals Termsheet executed in December 2024
Slide 15: 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 16: Key project development steps – next 3 months
FINANCING STATUS – NEXT 18-MONTHS Key project development steps – next 3-months Pivotal period in the development phase of Kangankunde • Award of site access road contract by early February – works For personal use only commencing late February • Award of process plant and mine construction contract
Slide 17: Bauxite Projects
For personal use only BAUXITE PROJECTS 17
Slide 18: 2024 Key Milestones - Bauxite
2024 Key Milestones - Bauxite • 10-year sublease & royalty agreements secured for Woula Bauxite 1 For personal use only • Ongoing development &/or monetisation discussions for Lelouma & Gaoual to be accelerated in 2025 1. ASX announcement - 11 November 2024 "10-year Lease and Royalty Agreement on Wo
Slide 19: Lindian Value Proposition
Lindian Value Proposition Rare Earths: Kangankunde Bauxite For personal use only 1. Global tier one rare earths asset 1. Growing bauxite market 2. Low-cost Stage 1 project 2. High-grade & high-quality assets 3. Robust Stage 1 project economics 3. Development &/or monetisation options 4. Significant
Slide 20: 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 20
Slide 21: Appendices
For personal use only APPENDICES ASX: LIN 21
Slide 22: Experienced leadership team
Experienced leadership team Board • 25-year veteran in mining and Executive Team investments. • 30-years mining experience from • Experience in mining and capital markets exploration, feasibility, mine development Robert Martin including own large scale family office in Alwyn Vorster For personal us
Slide 23: 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 24: Competent Persons' Statements
COMPETENT PERSONS' STATEMENTS Competent Persons 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 25: 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 26: Becoming a globally significant critical minerals producer
For personal use only Becoming a globally significant critical minerals producer. www.lindianresources.com.au ASX: LIN 26
Lindian Resources — Mining Indaba Conference, Cape Town 2025 on 6ix