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Lindian Resources Ltd.

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Summary

Project:

Gaoual

Deposit:Bouba Plateaux
Location:Guinea
Commodities:Aluminium-Silica
Date:7/15/2020
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:15-7-2020: Lindian Resources Ltd. announces a Resource Estimation report for its Bouba Plateaux deposit at the Gaoual project. Initial Mineral Resource Estimate for Project. Lindian Resources Limited (“Lindian” or “Company”) (ASX Code: LIN) is pleased to
Resources:(Resources, Ind.): 101.5Mt @ 49.8% Al2O3, 11.5% SiO2
CP/QP:[Resource] Mark Gifford (Independent)
ABSTRACT:Lindian Resources Limited (“Lindian” or “Company”) (ASX Code: LIN) is pleased to announce a maiden resource for the Bouba Plateaux at the Company’s Gaoual Project in Guinea. A total JORC compliant Indicated Resource of 102M at 49.8% Al2O3 has been defined using a cut-off of 40% Al2O3. The Resource includes high grade areas with 84Mt at 51.2% Al2O3 using a higher cut off of 45% Al2O3. The resource was estimated by Cube Consulting, Perth Australia using ordinary kriging. The estimation used ordinary kriging (OK) for Al2O3, Fe2O3, LOI, SiO2 and TiO2was based on 874m of drilling over a total of 131 shallow HQ auger drill holes. The outputs for this estimate by Cube were two Datamine block models. The bauxite is near surface and contains no lower grade bauxite as overburden or intra-burden. It was noted that the results in all areas indicated that the bauxite present was of a high alumina grade, and that QA/QC confirmed that the estimation volumes and grades presented are robust.

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