Lindian lands 30Kt per annum Malawian rare earths offtake

Résumé détaillé

Lindian Resources has secured a binding 30,000-tonne-per-annum offtake of monazite concentrate from its giant Kangankunde rare earths project in Malawi with a major global refiner, ahead of first production.

Lindian Resources’ share price surged more than 17 per cent in early trades today, reaching a high of 44.75 cents on heavy turnover after the company revealed it had secured a binding offtake term sheet for 30,000 tonnes per annum of monazite concentrate from its giant Malawian Kangankunde rare earths project.

The deal locks in a major global refining group as a customer ahead of first production.

The contract, executed by Lindian’s Singapore-based subsidiary, Lindian Global Rare Earths, embraces two delivery phases. Stage one covers 10,000 dry metric tonnes over an initial one-year term, with first shipments slated to sail from Nacala Port in January 2027. Stage two of the arrangement commits the buyer to taking a further 20,000 dry metric tonnes per year over a subsequent five-year period.

Lindian’s latest agreement adds another major international player to an already impressive and geographically diverse customer list. The company has already lined up a long-term supply arrangement with Iluka Resources to deliver 6000 tonnes of concentrate per year to the Eneabba rare earths refinery, currently under development on WA’s west coast, north of Perth, in partnership with the Australian Federal government.

In Europe, Lindian also has a binding dual offtake arrangement with French group Carester, which will directly purchase 70 per cent of the mixed heavy rare earths compound/carbonate (SEGH) produced by Lindian’s downstream processing SARECO facility in Kazakhstan. Separately, Carester also holds a first right of refusal over 70 per cent of SARECO’s standard mixed heavy rare earths carbonate (MHREC) production.

The distinction between MHREC and SEGH is that MHREC is an earlier or intermediate mixed carbonate product generated from cracking, leaching and hydrometallurgical processing undertaken at the SARECO facility in Kazakhstan, while SEGH is a more refined heavy rare earth stream.

SEGH will be produced alongside separated light rare earths - such as neodymium and…

Lindia…

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