Earnings release
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LINDIAN RESOURCES LTD . ASX ANNOUNCEMENT 29 October 2021 30 September 2021 Quarterly Activities Report QUARTERLY HIGHLIGHTS • • • • The focus for the quarter was on advancing Lindian's world class bauxite portfolio in Guinea working to define the optimal export solution and progress due diligence with interested parties . The political situation in Guinea has not impacted the bauxite industry with mining , processing and export operations continuing as usual . Lindian was notified that the Malawi Supreme Court of Appeal will hear the appeal on 8 December 2021 in relation to the exclusive Option Agreement for the Kangankunde Rare Earth Project in Malawi . Lindian secured a short term loan facility for $ 300,000 on an arm's - length basis from Kabunga Holdings Pty Ltd. The unsecured loan is for a period of two months maturing on 21 December 2021 at a rate of 7 % per annum ( non - compounding ) with interest payable at maturity . Lindian Resources Limited ( ASX : LIN ) ( “ Lindian ” or “ the Company ” ) is pleased to report on its activities during the September 2021 quarter . The Company has made solid progress in the quarter with the primary focus being the advancement of the portfolio of world - class bauxite projects in Guinea . Specifically , the focus has been on : • Continuation of discussions with respect to infrastructure sharing agreements for rail , road and port allocations outside of its ' Northern Corridor ' development strategy . Advancing negotations and responding to due diligence requests with interested parties on development of the Northern Corridor rail and port infrastructure . 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 T : +61 8 6557 8838 E : info@lindianresources.com.au Enquiries regarding this announcement can be directed to : Asimwe Kabunga LISTED ON X ASX