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Lindian obtains mining tenements for NE Tanzania Bauxite Project

Metal News - Published on Thu, 11 Oct 2018

Image Source: Aluminium Insider
Aluminium Insider reported that Australian mineral exploration firm Lindian Resources Limited announced granting of a trio of bauxite ore mining tenements at the Lushoto Bauxite Project in northeast Tanzania. Tenements PL 11176/2017, PL 11177/2017 and PL 11178/2018 cover an area of 20.5 mi2 and encompass the high-grade alumina low silica Magamba Bauxite Deposit. Lindian said that the reception of these permits paves the way for more intensive exploration of the area as well as allowing it to devote more time and capital to the project. The permits will also allow the company to continue talks with prospective farm-in and strategic offtake partners. With sampling programs already complete, Lindian said that it is now prepared to carry out a detailed exploration of the area oriented at defining a JORC-compliant resource.

Lindian Resources chairman Asimwe Kabunga said the granting of the tenements in question opens the door to the firm’s further development of a significantly valuable bauxite play. He said that “This is an outstanding development for the company and the granting of these highly prospective bauxite licences adds considerable value to the its portfolio. We have wasted no time, with exploration work due to commence this week, and a low cost, high impact auger drilling programme also scheduled to be undertaken this quarter. Lindian Resources looks forward to working closely with the relevant authorities in Tanzania to advance the project for the benefits of all stakeholders.”

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Posted By : Rabi Wangkhem on Thu, 11 Oct 2018
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