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Malawi

Kangankunde (Stage 1) Project

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Categories

Summary

Mine TypeOpen Pit
Study CompletedFeasibility
StageConstruction
Commodities
  • REE
  • Neodymium
  • Monazite
  • Praseodymium
Mining Method
  • Truck & Shovel / Loader
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Mine Life... Lock
SnapshotThe Kangankunde Rare Earths Project is one of the largest global deposits, with high-grade rare earths and low impurity levels.

Stage 1, which includes mining, a processing plant, and supporting infrastructure, carries low technical risk and lays the foundation for future expansions.

On April 11, 2025, Lindian Resources announced that early-stage site works had officially commenced at the Kangankunde Rare Earths Project.

As of February 2026, the mining fleet is active on site, executing haul roads, platform formation and enabling earthworks to maintain momentum.

The project is aligning to the master schedule, with process plant construction and mine stripping commencing in February, first blast in April, grid power energisation in July.

Owners

SourceSource
CompanyInterestOwnership
Lindian Resources Ltd. 100 % Indirect
During Q4 2025, Lindian Resources Ltd. completed the final tranche payment under the Share Sale Agreement to acquire 100% ownership of Rift Valley Resource Developments Limited, the Malawian entity holding the Kangankunde Rare Earths Project.

Completion of the payment increased Lindian’s interest from 67% to 100%, delivering full legal and beneficial ownership and providing Lindian with complete strategic and operational control of Kangankunde.

Contractors

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Deposit type

  • Carbonatite hosted
  • Breccia pipe / Stockwork

Summary:

The Kangankunde carbonatite complex is located in the Chilwa Alkaline Province of Southern Malawi. The carbonatite is aged between 117-129 million years and forms a distinctive low hill, rising approximately 200 metres above the surrounding plain.

The complex has a central carbonate core surrounded by zones transitioning from carbonatite-rich rock, composed primarily of dolomite, siderite and ankerite, to fenitised polymictic breccias and gneiss.

Rare earth mineralisation is dominated by monazite ((RE)PO4). Unlike many rare earth deposits, significant mineralisation is found in all rock types at Kangankunde, albeit primarily in carbonatite-rich rocks and breccias, and even extends into surrounding wall rocks in veins and stockworks.

Structural disruptions include NW/SE striking faults with sub-vertical dips, causing up to tens of metres of displacement and affecting carbonatite mineralisation contacts with surrounding brecciated wall rocks.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Water usage

Parameter2024
Groundwater 5 l/s

Commodity Production

Production figures for Nd2O3+Pr6O11 are shown from TREO oxide in concentrate.
CommodityProductUnitsAvg. AnnualLOM
Nd2O3+Pr6O11 Oxide in concentrate t 1,613 *72,203 *
REE Oxide in concentrate t 8,259 *369,601 *
Monazite Concentrate kt 15 *686 *
* According to 2024 study.

Operational metrics

Metrics
Daily processing capacity  ....  Subscribe
Hourly processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Nd2O3+Pr6O11 USD  ....  Subscribe
All-in sustaining costs (AISC) Total Rare Earth Oxides USD  ....  Subscribe
Assumed price Nd2O3+Pr6O11 USD  ....  Subscribe
* According to 2024 study / presentation.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 402
Transportation (haulage) costs $M USD 109
G&A costs $M USD 221
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 26, 2026
....................... Subscription required ....................... Subscription required Subscription required Feb 26, 2026

Workforce

EmployeesYear
...... Subscription required 2024

Aerial view:

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