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Lindian secures licenses for Lushoto bauxite project in Tanzania

Lindian Resources Ltd. said Oct. 8 that the Tanzania Mining Commission granted project licenses 11176/2017, 11177/2017 and 11178/2017, covering the Magamba deposit of the Lushoto bauxite project.

The permits allow the Australian explorer to conduct exploration work while continuing talks for potential off-take and farm-in deals.

A detailed exploration program, which includes drilling targeted at outlining a JORC-compliant resource, is being prepared, based on data from targeted sampling programs.

In January, Lindian decided to proceed with an option to earn up to a 75% stake in the Lushoto project.