Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has appointed Robert Martin as non-executive chair and director, effective December 23, 2024, following the resignation of Asimwe Kabunga from the board.
Martin has more than 25 years of experience across mining and mining services, manufacturing and capital markets, with insight into corporate strategy, capital operation, management integration and business structures and efficiencies.
Recently Martin owned, operated and sold a large and successful mining services business, with offices in multiple jurisdictions globally.
He manages a family office in Western Australia with a focus on investing and supporting emerging private and public businesses.
Martin currently holds non-executive chair positions with Infini Resources Ltd (ASX:I88), Pioneer Lithium Ltd, Equinox Resources Ltd and Battery Age Minerals Ltd and as non-executive director of PARKD Limited.
Preparing for Kangankunde development
The appointment of Robert Martin as non-executive chair and director follows negotiations with various potential funding partners to develop the Kangankunde rare earths asset in Malawi.
The company has held meetings with current offtake partner Gerald Metals SARL, a part of the Gerald Group, alongside representatives from United States Government bodies, rare earth industry stakeholders, magnet manufacturers and investor groups.
"Whilst our initial objective has been to secure funding for Stage 1’s development in Q3 2024, new funding options have emerged on the back of the feasibility study being released, including scenarios that contemplate funding solutions for Stages 1 and 2 of the project’s development, and as such, these warrant further analysis and negotiation," Lindian CEO Alwyn Vorster said.
Read: Lindian Resources advances funding discussions as it primes for Kangankunde development