Lindian moves to harvest investor interest in | Australian Markets

Amid a surge of investor curiosity in its flagship uncommon earths project in Malawi, Lindian Assets is working to advance its financing choices with a new govt rent tasked with progressing an current settlement and recommending additional options.

Lindian is eager to progress a non-binding settlement for US$50 million (A$79.5m) in stage one funding it has in place with United States-based commodity trader Gerald Metals Group. The company has employed skilled company finance advisor Henk Ludik to work with Gerald to advance to a binding time period sheet for the project.

Ludik, who will report on to the Lindian board, has additionally been tasked with figuring out, reviewing and recommending different funding options that may benefit the company.

Lindian has courted a flurry of latest investor consideration for its flagship Kangankunde uncommon earths project in Malawi, which is acknowledged as one of the world’s largest undeveloped, low-cost potential, near-term manufacturing uncommon earths tasks.

The giant project has an initial ore reserve of 23.7 million tonnes, with an spectacular average grade of 2.9 per cent whole uncommon earth oxides that underpins a mine life of 45 years. It additionally has process-friendly metallurgy.

As uncommon earths proceed to play a important position within the international vitality transition, Lindian says investor demand for publicity to high-quality tasks akin to Kangankunde stays robust.

Perth-based Ludik brings deep experience in mining finance, with 20 years of expertise in mining, investment banking, company finance and strategic advice. He has efficiently structured and secured project financing for large-scale mining operations throughout Africa, Australia, the USA and Europe.

Lindian intends to leverage his experience in capital markets, mergers and acquisitions and investor engagement to navigate its funding negotiations and secure long-term financial companions.

The company says it has already obtained robust curiosity globally from a number of companions seeking to finance Kangankunde.

Given the size and strategic significance of this asset, it’s essential that we have now the suitable ability set to help the Gerald Group transfer to a binding time period sheet and to guage the opposite alternatives and enquirers that the company has been offered, guaranteeing we secure probably the most beneficial phrases for our shareholders.

From a societal level of view, Malawi is one of the world’s least-developed international locations, with an economic system closely primarily based on agriculture and a largely rural and growing population. Lindian’s Kangankunde project affords a means to supply important new native employment and small business alternatives and improve native transport connectivity.

On the commodity entrance, uncommon earths are sustaining their important position within the ongoing international vitality transition. Kangankunde has a box seat within the market being totally permitted and prepared for the following part of its development, with a just-secured part one funding settlement and an off-take bundle from the Gerald.

Added to this, Lindian’s research point out the project may generate about 15,300t yearly of clean, high-grade whole uncommon earth oxides focus for a whole of 8400t of uncommon earth oxides and 1640t of the prized magnet uncommon earths, neodymium and praseodymium.

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