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Lindian Resources began diamond drilling at its North Knoll rare earths site in Malawi, where initial samples show high-grade potential similar to the nearby Kangankunde project.
Lindian Resources has started diamond drilling at its North Knoll rare earths prospect in Malawi, near the world-class Kangankunde project.
Initial surface samples from North Knoll returned up to 7.15% total rare earth oxides with neodymium-praseodymium levels similar to Kangankunde, suggesting potential high-grade continuity.
The site features multiple carbonatite lenses with green monazite, indicating favorable mineralization.
If drilling confirms high-grade deposits, North Knoll could become a near-term, high-grade feed source, improving mine economics and production efficiency.
Kangankunde holds a 23.7 million tonne reserve grading 2.9% TREO, including nearly 20% high-value NdPr, with a 45-year mine life and strong financials from a 2024 feasibility study showing a US$794 million net present value.
The project aims to produce a high-purity, low-cost monazite concentrate with up to 97% NdPr recovery.
Additional carbonatite lenses may further expand the resource.
Lindian Resources comenzó la perforación de diamantes en su sitio de tierras raras North Knoll en Malawi, donde las muestras iniciales muestran un potencial de alto grado similar al proyecto cercano Kangankunde.