Lindian Resources executive director Zac Komur said: “Stage 1 is in delivery following our approval of the final investment decision, with first production targeted in 2026. With approvals already in place for the stage 2 expansion, appointing DRA to complete the study gives us the detail to scale with confidence.”
Since his mid-September appointment as executive director, Komur has wasted no time in advancing Lindian’s ambitions for Kangankunde and steering it towards production readiness.
With more than 25 years of experience in global resources, including leadership roles at Fortescue, Northvolt, INPEX and BHP, Komur brings deep expertise in project delivery, mineral processing and strategic partnerships.
His focus on downstream rare earths partnerships and the recent capital raise underscore Lindian’s commitment to maximising shareholder value and positioning Kangankunde as a globally significant rare earths asset.
Kangankunde contains a total indicated and inferred 261 million tonnes at 2.14 per cent total rare earth oxides (TREO). The resource TREO includes 20.3 per cent neodymium and praseodymium (NdPr) for a total contained 1.13 million tonnes of combined NdPr.
Current proven and probable ore reserves comprise 23.7Mt at 2.9 per cent TREO, including 19.7 per cent NdPr for about 135,400t of combined NdPr.
Lindian has forged a key strategic partnership for the Kangankunde project with global critical minerals company Iluka Resources, which includes a 15-year off-take agreement for Lindian’s high-grade monazite concentrate. Iluka is providing a US$20 million (A$30.23 million) loan facility to help fund the project’s development.
The agreement secures a long-term sales pathway for the Kangankunde concentrate, which will feed into Iluka’s Eneabba refinery in WA’s Mid West region, for which Iluka has agreed to purchase 6000t per year of rare earth monazite concentrate from Kangankunde for 15 years, to a total 90,000t.
The partnership provides critical financial support and a secure pathway to long-term revenue for the Kangankunde project.
Coupled with its strategic partnership with Iluka, Lindian looks well-situated to deliver a world-class rare earths operation, perfectly timed to capitalise on growing global demand.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
