Lindian Resources Limited · ASX:LIN
Lindian Resources — Shareholder Meeting (November 2024)
23 slides from Lindian Resources's shareholder meeting presentation, Nov 26, 2024
Slide 1: AGM CEO Presentation
For personal use only Becoming a globally significant critical minerals producer. Alwyn Vorster, Chief Executive Officer ASX: LIN AGM CEO PRESENTATION 1 26 November 2024 1
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 Overview
Corporate Overview Company ASX Code LIN Substantial Shareholders3 Share Price1 A$0.105 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 va
Slide 4: Kangankunde Rare Earths Project
For personal use only KANGANKUNDE RARE EARTHS PROJECT 4 4
Slide 5: Rare Earths Value Chain
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 RE Create RE alloys blast, load grindin
Slide 6: Kangankunde - Location & background
Kangankunde - Location & background • Malawi is a stable jurisdiction with English Law & a democratically elected government For personal use only • Kangankunde – proximity to Blantyre & Balaka • Current Lindian ownership of RVR is 67% with final US$10M tranche (for 100%) due by first commercial pro
Slide 7: 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 23 Mt Ore Reserves1 Carbonatite rock with abundant monazite Source: Lindian Resources Site Tour June 2024 Caut ionary St
Slide 8: Kangankunde Stage 1 – Production Summary
Kangankunde Stage 1 – Production Summary • Drill, blast, load, haul model • ~520,000 tpa ore mined1 For personal use only • Very low 0.2 : 1 waste/ore ratio • Conventional mining equipment • Mined ore transported 2km downhill to ROM stockpile • ~450,000 tpa plant feed at ~3% REO • Unique mineralogy
Slide 9: 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 10: 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 11: 2024 Key Milestones - Rare Earths
2024 Key Milestones - Rare Earths Positioned Kangankunde Rare Earths Project as a Tier 1 globally significant, low-capex, rare-earth deposit with Significant Stage 2 expansion potential For personal use only • Q3 2023 - Maiden Mineral Resource1 • Q2 2024 - Community Engagement Plan2 • Q2 2024 - Wate
Slide 12: Current Activities
Current Activities • Funding o Stage 1 For personal use only o Stage 2 • Offtake agreements • Contracts o Design & Construction (D&C) contract1 o Metallurgical Drilling & Flowsheet optimisation o Civil contract o Power contract • Site support infrastructure development • Owners Team o Site accommoda
Slide 13: 2025 Kangankunde Objectives
2025 Kangankunde Objectives 1. Finalise funding solutions for Stage 1 For personal use only 2. Finalise ownership of Rift Valley Resources 3. Mining lease expansion & extension 4. Advance plant construction and mine development 5. Commence Stage 2 studies and funding discussions 13
Slide 14: 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 15: Bauxite Projects
For personal use only BAUXITE PROJECTS 15 15
Slide 16: 2024 Key Milestones - Bauxite
2024 Key Milestones - Bauxite • 10-year sublease & royalty agreements secured for Woula Bauxite1 For personal use only • Ongoing development &/or monetisation discussions for Lelouma & Gaoual 1. ASX announcement - 11 November 2024 "10-year Lease and Royalty Agreement on Woula Bauxite Project" 16
Slide 17: 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 18: 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 18
Slide 19: Appendices
For personal use only APPENDICES ASX: LIN 19
Slide 20: 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 21: 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 22: 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 23: Becoming a globally significant critical minerals producer
For personal use only Becoming a globally significant critical minerals producer. www.lindianresources.com.au ASX: LIN 23
Lindian Resources — Shareholder Meeting (November 2024) on 6ix