Image Sourced Lindian Resources Limited
Market Herald logo


Be the first with the news that moves the market
Lindian Resources Limited has signed an exclusive option agreement with KB Bauxite Guinea SARLU and its sole shareholder Guinea Bauxite Pty Ltd.
The agreement is to acquire the Gauoal Bauxite Project which is completely owned by KB. The project is located in the Gauoal Prefecture in NW Guinea. Guinea was strategically chosen as it produces high-quality bauxite due to its tropical location.
Lindian’s Non-Executive Director Steve Formica, claims the Gauoal Bauxite Project has great potential to transform Lindian into a high-grade bauxite producer with assets across Africa, “allowing us to capitalise on several competitive and logistical advantages.” 
Lindian has the option of acquiring 51 per cent interest in the project through spending US$1m over the next two years with rights to move to 75 per cent equity interest.
Bob Adam, the former CEO and Project Director of AMC, has been appointed the technical consultant for Lindian. He is to review and progress the Gauoal Bauxite Project and is entrusted to do so with his extensive experience in the field. Lindian will be updating shareholders on the drilling progress as well as Bob’s positive input.
Please find the announcement attached
LIN by the numbers
More From The Market Herald

" Piedmont Lithium (ASX:PLL) increases Carolina mineral resource

Piedmont Lithium (PLL) has updated the global mineral resource estimate (MRE) for the company’s flagship Carolina Lithium Project in the US state of

" Quantum Graphite (ASX:QGL) wraps up drilling at Eastern Conductor

Quantum Graphite (QGL) has wrapped up a drilling program and rehabilitated drill holes at the Eastern Conductor in South Australia.

" Piedmont (ASX:PLL) completes initial investment in IronRidge

Piedmont Lithium (PLL) has invested 9.9 per cent in IronRidge Resources (IRR).
PepinNini Minerals (ASX:PNN) - Managing Director, Rebecca Holland Kennedy

" PepinNini Minerals'(ASX:PNN) Managing Director resigns

PepinNini Minerals’ (PNN) Managing Director has resigned from the leadership role.