Lindian Resources Limited advised the receipt further assays from the Phase 1 drilling program at the Kangankunde Rare Earths Project in Malawi. The assays reported are for reverse circulation (RC) holes, KGKRC003, KGKRC004, KGKRC006 and KGKRC008. All holes have broad intersections of non-radioactive material with excellent grade and with a large percentage of critical Rare Earths metal elements of NdPr.

Assay results have been received for a further four reverse circulation (RC) holes, KGKRC003, KGKRC004, KGKRC006 and KGKRC008 from the Phase 1 Kangankunde Rare Earths Project. These holes are in the same area as holes previously reported 1 holes KGKRC001 and KGKRC002. All holes were drilled from the hilltop of the central radial carbonatite pipe.

Holes KGKRC003 and KGKRC008 are angle holes drilled from the carbonatite outward toward the interpreted contact of the carbonatite with the surrounding wall rock. Neither hole achieved the length to intersect the contact and finished in mineralised carbonatite. Both will be extended with core drilling.

Holes KGKRC004 and KGKRC006 were drilled vertically down the vertical carbonatite pipe. Hole KGKRC004 was terminated at 97 metres depth due to broken ground. KGKRC006 was drilled to its planned depth of 300 metres with mineralisation grade generally increasing with depth.

The final metre sampled (from 299 to 300 metres) assayed 2.55% TREO. The base of this hole is the deepest point drilled at Kangankunde to date and shows mineralisation in the carbonatite continues at depth. Below this depth, drilling will be tested during Phase 2 deep core drilling planned to follow the Phase 1 program.

Drilling to date has not yet tested the margin of the mineralised carbonatite complex. Subsequently intercepts have been reported for the entire hole with multiple internal accumulations above 2% TREO also reported. Grade distribution is generally consistent and some zonation evident as highlighted by the greater than 2% TREO intercepts however no extreme variation evident.

The mineralisation is dominated by light rare earths cerium (Ce), lanthanum (La), neodymium (Nd) and praseodymium (Pr). The total of Nd+Pr content in oxide form constitutes on average 20% of the TREO in all holes reported in this release with some minor local variation.