Lindian Resources : Paydirt Battery Minerals Conference 2023 Presentation

PAYDIRT

BATTERY MINERALS

CONFERENCE 2023

Rare	KANGANKUNDE
Earths
"THE KING" of Rare Earths
	A Tier 1 Rare Earths Asset in the making

Bauxite

DISCLAIMER

The material in this presentation has been prepared by Lindian Resources Limited ("Company").

This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. This presentation and the material contained in it is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment.

This presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their jurisdiction. Failure to do so may result in a violation of rules in such a jurisdiction.

This presentation is not financial product or investment advice. It does not consider the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary.

This presentation may contain forward-looking statements. Forward-looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "ideal", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management that could cause the Company's actual results to differ materially from the results expressed or anticipated in these statements. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward looking statements. The Company does not undertake to update or revise forward looking statements, or to publish prospective financial information in the future regardless of whether new information, future events or any other factors affect the information contained in this presentation, except where required by applicable law or the ASX Listing Rules. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions.

This presentation has been prepared by the Company based on information currently available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party.

Competent Persons Statement

"The information in this Presentation that relates to Exploration Results is based on published information compiled by Mr. Alistair Stephens, who is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM). Mr. Stephens is the Chief Executive Officer of Lindian Resources Limited. Mr. Stephens has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr. Stephens consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Unless otherwise stated, where reference is made to previous releases of exploration results in this announcement, the Company conforms that it is not aware of any new information or data that materially affects the information included in those announcements and all material assumptions and technical parameters underpinning the exploration results included in those announcements continue to apply and have not materially changed.

The information in this report that relates to previous Exploration Results was prepared and first disclosed under the JORC Code 2012 and has been properly and extensively cross-referenced in the text to the date of the original announcement to the ASX."

ASX: LIN | 2

CORPORATE OVERVIEW

Company ASX Code	LIN
Share Price as at 20/3/2023	~AUD$0.24
Ordinary Shares on Issue	~978M
Performance Shares	33m
Options on Issue (3.2c exp. Sept 23, 10c exp. Aug 25, 12c	~93M
exp. Jun 25, 25c exp. Aug 25, 30c exp Dec 25)
Market Capitalisation (undiluted) 1	~AUD$230M

Asimwe

Kabunga

Chairman

Alistair

Stephens

CEO

• Tanzanian born Australian entrepreneur
• The visionary behind the company's strategy
• Major shareholder
• Commercially astute and strategic investor
• 35-yearin mining industry, ~20 years in critical minerals
• Passionate about reducing the carbon footprint and project delivery, with hands on experience in Malawi and working with the local community
• Operations experienced, +18 years experience as a CEO/MD

Share Price $0.24

as at 20/03/2023

Share price

Volume

1. Based on share price at close of business at 20th March 2023

Yves	•	45-year veteran of the bauxite and alumina industry
Occello	•	Previously Technical Director at Alcan & Rio Tinto Alcan
Non Exec	•	Previous board member of "CBG" - Guinea's former largest
	bauxite producer
Director
Giacomo	•	Highly experienced project, construction & commercial
(Jack) Fazio	•	management professional
Non Exec	Successful project management and negotiations track
	record
Director
Substantial Shareholders
Kabunga Holdings Pty Ltd	12%
Ven Capital Pty Ltd	10%
Rohan Patnaik		7%
Top 20 Shareholders	67%

ASX: LIN | 3

LINDIAN ASSET OVERVIEW

KANGANKUNDE - "THE KING"

• World's most strategically important developing REO project
• Short runway to production - project advancing at fast-tracked pace
• Destined to be a major supplier of Rare Earths

BAUXITE*

• Lindian has over 1 Billion tonne of high-quality bauxite resources
• Excellent infrastructure of road, rail and deep-water bulk handling ports
• Genuinely shovel ready for commercialisation

* Refer www.lindianresources.com.au for detailed information about Lindian's Guinea Bauxite Assets	ASX: LIN | 4

KANGANKUNDE PROJECT SNAPSHOT

KANGANKUNDE "THE KING" RARE EARTHS PROJECT

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Size		Destined to be the world's largest REO deposit
Tenure		Mining Licence + Environmental Certificate issued
Metallurgy		Simple gravity separation and processing
Environmental		Non-radioactive, net zero carbon capable
Development		Near-term ready asset
Project Mine Life		Long mine-life

ASX: LIN | 5