Proactive - Interviews for investors

Just the Facts: Lindian Resources awards US$1.3 million site access road contract

Episode Summary

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Lindian Resources Ltd (ASX:LIN, OTC:LINIF). Lindian has awarded the site access road contract for its Kangankunde Rare Earths Project in Malawi to Mota-Engil, a multinational construction firm. The contract, valued at approximately US$1.3 million, spans an 18-week program and includes roadworks intersecting the M1 highway, 5 kilometres of road construction, civil works around the mining lease access area and a security zone. This infrastructure development will support the transport of construction materials and equipment, ensuring timely progress on the process plant once funding is secured in Q1 2025. Built to Malawi Highway Design standards for unsealed gravel roads, the project is expected to improve local connectivity, generate employment and support economic growth. All necessary government approvals have been obtained, allowing road construction to proceed. Mota-Engil operates in 21 countries with a global turnover exceeding US$5 billion. The company was selected through a competitive tender process. Lindian Resources considers this contract a key milestone, signalling its commitment to the Kangankunde Project’s advancement. The company is finalising commercial agreements, including a fixed-price contract for the process plant and a power supply agreement, as it continues to pursue funding solutions. #LindianResources, #RareEarths, #MiningProjects, #KangankundeProject, #MiningInvestment, #MalawiMining, #MotaEngil, #InfrastructureDevelopment, #ResourceSector, #MineralExploration, #SiteConstruction, #EconomicDevelopment, #MiningIndustry, #ProcessPlant, #JobCreation, #InvestmentNews, #MiningContracts, #FundingSolutions, #EngineeringProjects, #NaturalResources