Lindian Resources visits Asian Metal

On the afternoon of 2 April, 2024, Mr. Park Wei, the Director of Lindian Resources Limited (ASX listed) visited Asian Metal and had friendly meetings with Ms. Vivian Pang and Mr. Friday Gao, the Chief Consultants of Asian Metal.

Mr. Park Wei disclosed that Lindian Resources Limited is developing its Kangankunde Rare Earths Project in Malawi of Africa. Kangankunde Rare Earths Project owns an inferred resource of 2.61 tons with 2.91% TREO, including 20.2% PrNd. Ms. Vivian Pang introduced the current rare earth price trends and forecasted the rare earth ore supply. Mr. Park would attend the Asian Metal’s 15th Rare Earth Summit to be held on 25-26 April 2024 in Sanya, Hainan and expects to know more investors and rare earth separation plants during the summit.

Then Mr. Park Wei introduced their bauxite projects in Guinea to Mr. Friday, citing that they have three bauxite mining areas with the total reserves of over 1 billion tons. Mr. Friday Gao analyzed the present bauxite prices and new alumina projects in China. Besides, he expressed his forecast of the demand growth in China for imported bauxite in the coming three years. Mr. Park Wei would also attend the 14th Aluminum Raw Materials Summit to be held on May 23-24 in Guangzhou China and would like to meet bauxite buyers and investors.