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Lindian Resources advances Malawi’s Kangankunde rare earths project, targeting late 2026 production with major cost and output improvements.
Lindian Resources has moved forward with its Kangankunde rare earths project in Malawi by awarding a full engineering, procurement, and construction contract to South African firm Obsideo, targeting first production by late 2026.
Recent optimizations boosted throughput to 75 tonnes per hour, increasing annual monazite concentrate output to 20,000 tonnes and significantly improving financial metrics, including a 45% rise in pre-tax net present value to A$1.72 billion and an internal rate of return of 142%.
The project’s low-cost, high-grade output and owner-operator model are expected to cut mining costs by 30%, while capital expenses remain within original estimates.
Long-lead items are already secured, and the project is considered one of the world’s most advanced undeveloped rare earths developments, backed by Iluka Resources.
Lindian Resources avanza en el proyecto de tierras raras Kangankunde de Malawi, con el objetivo de producir a finales de 2026 con importantes mejoras en costos y producción.