Brought to you by BULLS N’ BEARS
Helen Barling
Lindian Resources has continued to build strong community foundations alongside of development of its Kangankunde rare earths mine in Malawi.
The company has launched Project Early Learning, designed to support access to safe, inclusive and supportive early education, directly benefiting about 400 students currently enrolled at the school.
Under the program, Lindian will rebuild the existing school infrastructure, delivering new classroom blocks with improved ventilation and chalkboards, supported by administration offices, sanitation upgrades, safe access walkways and sports fields. Every student will also receive uniforms, shoes, and learning materials, removing barriers to participation and lifting education outcomes from day one.
Delivery will be executed in partnership with government and community leaders, prioritising local contractors and suppliers. Lindian says it is underwriting the program’s costs and working alongside its major service providers, who are contributing labour, construction services, materials, transport, furniture and equipment. The company will also fund ongoing maintenance and learning resources, embedding long-term, sustainable community value.
Although Kangankunde is emerging as a multi-generational rare earths play, Lindian says it is determined to spread the project’s benefits far beyond the mine gate. The company wants the children learning at Kangankunde today to have greater opportunities tomorrow, with clear pathways into jobs at the mine and across the local businesses and industries the project helps support.
To support this objective, Lindian is set to facilitate various career awareness initiatives, teacher development programs and improved access to basic STEM resources.
‘… The project is already creating jobs, supporting local contractors and building skills …’
Lindian Resources executive chairman Robert Martin
Together, these measures are designed to build local capability, strengthen the domestic skills base and ensure Kangankunde delivers enduring economic and social dividends alongside its rare earths production story.
The community-first investment aligns neatly with Lindian’s broader strategic shift to a full owner-operator model at Kangankunde. By moving away from contract mining, the company is directly training and building the workforce required to mine and process the high-grade rare earths deposit in-house.
Beyond lower operating costs, the strategy is expected to deliver deeper socio-economic benefits through local employment, skills development and long-term capability building in Malawi.
Lindian Resources executive chairman Robert Martin said: “Kangankunde is not only important for the local community, but for Malawi as a whole. The project is already creating jobs, supporting local contractors and building skills, with those benefits only expected to grow as development continues. Just as importantly, it demonstrates Malawi’s ability to host large-scale, responsible mining projects, helping position the country as a positive and investable mining jurisdiction.”
The Kangankunde project boasts an initial ore reserve of 23.7 million tonnes with an impressive average grade of 2.9 per cent total rare earth oxides (TREO), underpinning a mine life of 45 years.
According to the feasibility study, the proposed mine is targeting production of 15,300 tonnes per annum of premium concentrate grading up to 55 per cent total rare earth oxides (TREO).
The project carries a pre-tax net present value of US$794 million (A$1.148 billion). It is forecast to generate average annual EBITDA of US$84 million (A$121 million), underpinned by an upfront capital cost of just US$40 million (A$57.8 million).
Payback is expected in less than two years, with ultra-low average operating costs of US$2.92 per kilogram of TREO.
As Kangankunde advances from development to production, Lindian is demonstrating that world-class rare earths projects are built on more than just grade and scale.
With a globally significant ore body, a disciplined owner-operator strategy and deepening partnerships with government and community, the company looks to be positioning Kangankunde as a long-life, low-risk critical minerals asset, delivering value to both Malawi and investors alike.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
