Asia
Lindian Resources Secures Heavy Rare Earth Elements Stockpile Access in Kazakhstan
Lindian Resources (ASX:LIN) secured exclusive access to 13,389 tonnes of high-heavy rare earth element stockpile material at Aktau, Kazakhstan, comprising 7,549 tonnes ready for transport and a further 5,840 tonnes requiring drying, according to a Monday filing with the Australian bourse.The agreement also grants a 12-month exclusive pathway to an additional 15,000 to 20,000 tonnes of feedstock without requiring any upfront cash payment, per the filing.The company is assessing the material for potential production of a mixed heavy rare earth carbonate containing dysprosium, terbium and yttrium, providing exposure to high-value, supply-constrained markets, the filing said.The company could process Aktau feed at its SARECO facility alongside or independently of Kangankunde concentrate, subject to testwork and approvals, creating an integrated neodymium-praseodymium and heavy rare earths value chain supported by existing rail infrastructure, the filing added.
ASX:LIN