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General mining & base metals

Malawi confirms Lindian's Kangankunde is outside raw-mineral export order

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) says it has received formal notice from the Government of Malawi that its subsidiary Rift Valley Resources Ltd — holder of the Kangankunde Rare Earths Project licences — is not subject to Executive Order No. 2 of 2025, issued on October 23, 2025.

According to the Mines and Minerals Regulatory Authority (MMRA), Lindian’s plan to beneficiate rare earth ore from Kangankunde into a monazite concentrate prior to export means the project will not be exporting “raw minerals.”

On that basis, Kangankunde is not prohibited from mining or processing under the order.

Lindian said the confirmation provides regulatory certainty as it advances Kangankunde toward first production next year.

An official government notification accompanies the announcement. You can read the letter in full below:

Malawi government clarifies Kangankunde standing

Dear Sir,

The Director General, Mining and Minerals Regulatory Authority PO Box 30582 Lilongwe 3

28th October, 2025

CLARIFICATIOIN NOTE INDICATING THAT RIFT VALLEY RESOURCE DEVELOPMENTS LIMITED IS NOT BARRED FROM EXPORTING RARE EARTHS AFTER PROCESSING AND BENEFICIATION AT KANGANKUNDE MINE IN BALAKA IN THE WAKE OF PRESIDENTIAL EXECUTIVE ORDER NO. 2 OF 2025 ISSUED ON 23RD OCTOBER 2025

Reference is made to your letter dated 28th October, 2025 in which you are requesting clarification regarding the Executive Order No.2 of 2025 which is directing that all minerals should not be exported outside this country in a raw form by any company or individual. I write to clarify this matter to your company.

As you are aware, the State President of the Republic of Malawi, His Excellency Professor Arthur Peter Muntharika issued an Executive Order mandating the local value addition of mineral products. The executive order is a fundamental national policy instrument for economic diversification and maximization of in country value retention.

The Authority therefore would like to affirm that your company, Rift Valley Resources Development Limited will not be affected by the Executive Order since your submissions show that you will do value addition to the Monazite Ore by producing a monazite concentrate through primary beneficiation right here in Malawi before exporting the concentrate to outside markesS

The Authority shall strictly and continuously carry out its inspectorate functions to ensure that there is full compliance to the Executive Order and furher states that the Executive Order forms part of the Licence conditions.

Yours Sincerely,

Samuel Sakhuta

DIRECTOR GENERAL

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