Lindian Resources Limited has announced the issuance of 20 million fully paid ordinary shares as part of its 100 per cent acquisition of the Lelouma Bauxite Project in Guinea. This strategic move further strengthens the company’s position in the bauxite market and is expected to provide significant growth opportunities for stakeholders.
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Lindian Resources had previously secured 100 per cent ownership of the Lelouma Bauxite Project in Guinea, West Africa. The acquisition, announced in April 2025, supports Lindian’s strategy to expand its aluminium resource base. The company finalised the deal after issuing 40 million fully paid shares to vendors, per agreed terms.
The Lelouma Project hosts a JORC-compliant resource of 900 million tonnes at 45.0 per cent aluminium oxide and 2.1 per cent silicon dioxide. This includes 398 million tonnes of measured and indicated resources at 48.1 per cent aluminium oxide, with zones exceeding 50 per cent aluminium oxide. Of these, 155 million tonnes are classified as measured resources at 47.9 per cent aluminium oxide and 1.8 per cent silicon dioxide.
The project offers a high-grade direct shipping ore (DSO) opportunity, with minimal processing required before export. Lindian has also secured regulatory approvals to increase its ownership. This acquisition follows a strategic asset review by Lindian’s new Board aimed at strengthening its core project portfolio.
Lindian’s asset review prioritises the Lelouma Project for its large resource base and low-risk production potential. The review process also focuses on maximising shareholder value by developing core projects and selling non-core assets.
Executive chairman Robert Martin commented: "The company is pleased to have resecured 100% ownership of this world class asset, we can now invest in the projects continued development unencumbered without time constraints, multimillion dollar milestone caveats and minority partners, With rising demand for aluminium and its related products in electric vehicle production with a market that is estimated to reach USD18.5 billion by 2030 the company believes that the Lelouma project with approximately 900 million tonnes of high grade material can be a big part of this..."
The Lelouma Project boasts a strong resource base, with over USD 10 million spent on exploration by previous owners. Located about 100 kilometres northeast of Sangarédi and close to key rail links to the port of Kamsar, the project benefits from established export infrastructure. Lindian’s Board is reviewing its tenement portfolio in Guinea and Tanzania, with plans to divest non-core assets.
Alongside Lelouma, Lindian is progressing its Kangankunde Rare Earths Project in Malawi, which hosts a globally significant rare earth resource. This diversification strengthens Lindian’s overall growth strategy across critical mineral sectors.
The full ownership of Lelouma marks a major step in Lindian’s aluminium-focused expansion. With a strong resource base and strategic asset management, the company is well-positioned for future growth.
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