
ASX-listed Lindian Resources Executive Director Zac Komur says the Kangankunde Rare Earths Project in Balaka remains on schedule to start production in the fourth quarter of 2026, with construction and mining preparations making significant progress.
In a statement published on the Australian Stock Exchange, Komur explains that front-end commissioning is targeted for October this year, while practical completion is expected by mid-November.
He says the project has now reached a major mining-readiness milestone, with access established to the top of the Stage 1 pit and the haul road completed.
Komur says explosives are already on site after the necessary approvals, while a production drill rig is drilling the first blast pattern ahead of the planned first blast. About 27,000 tonnes of ore have been stockpiled on the run-of-mine pad.
He says construction of the processing plant is also progressing, with major civil and structural works advancing ahead of schedule.
Construction of the Tailings Storage Facility is about 50 percent complete, while the 27-kilometre power corridor, including 269 poles, has been completed to facilitate connection to the Balaka Electricity Supply Cooperation of Malawi ( ESCOM) substation.
Komur says the project has maintained a strong safety record, recording more than 800,000 lost-time-injury-free work hours across a workforce of 3,318 personnel.
He hails the government of Malawi and regulatory stakeholders for their support, particularly in securing explosives approvals and completing the required compliance processes.
Meanwhile, Komur says Lindian is advancing plans for Stage 2 of the project, with 7,764.1 metres of infill drilling completed.
He says samples are being processed to support an updated Mineral Resource Estimate and a feasibility study, which is targeted for completion in December 2026.
The proposed expansion will provide for a 4.0 million-tonne-per-year development pathway, subject to the feasibility study and final investment decision.