Lindian strengthens board and project team as Kangankunde build gathers pace Proactive uses images sourced from Shutterstock

Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has reshaped its board and management team as it pushes towards first production at its flagship Kangankunde Rare Earths Project in Malawi and advances downstream processing plans in Kazakhstan.

The appointments are aimed at reinforcing execution capability across both the upstream mine development and the company’s emerging mixed rare earth carbonate (MREC) processing strategy, with first production targeted in the second half of 2026.

Board reshaped for execution phase

The company has appointed experienced finance and mining executive Teck Lim as a non-executive director, transitioning from his previous role as chief financial officer.

Lim brings more than two decades of international corporate finance experience, including senior roles at KPMG Corporate Finance, ING, HSBC and Deloitte, and has been closely involved in Lindian’s recent strategic transactions and funding initiatives.

His move to the board is intended to ensure continuity in financial discipline and commercial strategy as the company moves through construction and into production.

At the same time, non-executive director Yves Occello has stepped down from the board but will remain involved as a consultant on Lindian’s bauxite portfolio.

The board changes follow a series of recent milestones for Lindian, including progress at the Kangankunde site and steps toward securing downstream processing capacity through its Kazakhstan MREC strategy.

Kazakhstan presence established

To support that downstream push, Lindian has appointed Dimash Matzhanov as in-country manager for Kazakhstan, based in Astana.

Matzhanov will oversee local operations, stakeholder engagement and execution of the company’s Central Asian strategy, including the acquisition and operation of the SARECO MREC processing facility.

His background spans government, regulatory and commercial roles, including positions with Kazakhstan’s State Revenue Committee, KPMG and Kazphosphate, providing experience in navigating local frameworks and international commercial structures.

The appointment establishes an on-the-ground presence in a jurisdiction that is central to Lindian’s plans to move further down the rare earths value chain.

This builds on earlier moves by the company to accelerate value uplift through processing partnerships and infrastructure, complementing its upstream resource base.

Strengthening project delivery at Kangankunde

Lindian has also added key operational roles tied directly to the Kangankunde development.

David Brown has been appointed as project cost controller, bringing more than 15 years’ experience across resources and infrastructure projects, including roles with BHP and Chevron. He will oversee cost management, reporting and project controls as construction activities ramp up.

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Importantly, the company is bringing this function in-house, signalling a tighter focus on cost discipline and transparency as it transitions into the execution phase.

In Malawi, Chikondie Chikoya has been appointed as HR manager, responsible for workforce planning, recruitment, compliance and employee relations on site.

Her experience across international development and advisory organisations in Malawi is expected to support the scaling of operations and the establishment of a structured workforce as the project moves towards production.

Positioned for next phase

Executive chairman Robert Martin said the changes ensure the company has "right mix of skills to deliver Lindian’s rare earths strategy across upstream, midstream and downstream operations".

Kangankunde remains the cornerstone of Lindian’s portfolio, with early construction under way following a final investment decision and funding secured through a strategic partnership and capital raising.

With board alignment, in-country capability in Kazakhstan and expanded on-site teams in Malawi, the company is now sharpening its focus on execution — bridging the gap between development and first production while advancing its downstream ambitions.

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