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For personal use only LINDIAN RESOURCES LTD . 30 June 2021 Quarterly Activities Report QUARTERLY HIGHLIGHTS ASX ANNOUNCEMENT 30 JULY 2021 Considerable focus advancing Lindian's world class bauxite portfolio in Guinea by defining the optimal export solution and confirming the unique and highly desirable quality of the product . Engagement with infrastructure groups advanced in the quarter with multiple parties to establish the best option for Lindian : о CRSG workstreams are advancing as expected with detailed due diligence and technical engagement not uncovering any issues . о Lindian is continuing to progress discussions with the Government of Guinea regarding the development of the Dobali Port with focus moving towards ownership structures and requirements for third party access . Preliminary negotiations have commenced regarding the utilisation of existing road , rail and port infrastructure to facilitate low capital , near term production opportunities . Product testing of Gaoual by potential third parties confirmed the high quality and grade of the product : о Testing of the Gaoual bauxite product has confirmed the unique nature of the ore body and product . Feedback suggests there will be significant demand for the product once production has commenced . Conversion of options raised $ 400,000 at quarter end ; Lindian has sufficient cash at bank and a very low monthly burn rate . The potential conversion of in - the - money options provide another source of capital to the Company . Level 24 108 St Georges Terrace Perth WA 6000 Australia ASX : LIN www.lindianresources.com.au Chairman Asimwe Kabunga Non Executive Directors Yves Occello Giacomo ( Jack ) Fazio Company Secretary Susan Park T : +61 8 6557 8838 E : info@lindianresources.com.au Enquiries regarding this announcement can be directed to : Asimwe Kabunga LISTED ON ASX