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LINDIAN RESOURCES LTD . March 2021 Quarterly Activities Report QUARTERLY HIGHLIGHTS ASX ANNOUNCEMENT 30 APRIL 2021 • • Infrastructure solution MOU executed with China Railway Seventh Group ( “ CRSG " ) о The MOU has been executed to determine an infrastructure solution and to accelerate development of Lindian's projects . CRSG , through its affiliates and related entities and partners could facilitate in development financing and / or introducing offtake partners . CRSG engineering and management personnel visited Guinea and conducted a site inspection of Lindian's bauxite projects and the relevant infrastructure . Discussions with CRSG are ongoing . Lindian continues to progress with various available infrastructure options to facilitate the mining of bauxite from its Lelouma , Gaoual and Woula bauxite projects in Guinea . Lindian has established an operating and infrastructure model for development of its bauxite projects . Infrastructure ownership will be separated from mining ownership . Lindian's 75 % owned infrastructure subsidiary Terminal Logistics & Holdings Pte Ltd ( “ TLH ” ) entered into a Memorandum of Understanding ( “ MOU ” ) with the Guinean Government regarding the potential exploration and joint development of the Dobali Port and the associated logistics corridor in Guinea . Dobali Port provides Lindian with the opportunity to be an owner of port infrastructure with revenue generation potential under a third party access operating model . Key benefits of the model : о Allows non - mining investors to participate in infrastructure equity Provides potential revenue generation to Lindian from 3rd party access and usage of infrastructure For personal use о Reduction in Lindian's mining CAPEX as infrastructure CAPEX is separated о Lindian maintains control of access and usage of key infrastructure о Increases likelihood of development funding Lindian long term production strategy is to develop the " Northern Corridor " providing access to Lindian's large , multi - generational assets , the high grade Conglomerate Gaoual Project and the “ Tier 1 " Lelouma Project , as well as other possible 3rd party mining projects . Level 24 108 St Georges Terrace Perth WA 6000 Australia ASX : LIN www.lindianresources.com.au Chairman Asimwe Kabunga Non Executive Directors Giacomo ( Jack ) Fazio Yves Occello Chief Operating Officer / CFO David Sumich T : +61 8 6557 8838 E : info@lindianresources.com.au Enquiries regarding this announcement can be directed to : Asimwe Kabunga LISTED ON X ASX