Core Viewpoint - Lindian Resources Ltd has advanced the Kangankunde Rare Earths Project in Malawi into the execution phase by placing orders for essential processing equipment and increasing construction activities across various fronts. Group 1: Project Execution - The company has placed procurement orders for critical processing packages, including the SAG mill, thickener and flocculation plant, shaking tables, and belt filters to enhance schedule certainty as construction accelerates [2] - The SAG mill is identified as the principal long-lead item with an estimated delivery timeframe of about 22 weeks, while the thickener and flocculation plant package is expected within roughly 14 weeks [3] - The project is on track with process plant construction and mine stripping set to commence in February, first blast in April, grid power energisation in July, and targeting first ore feed and first concentrate in November 2026 [4] Group 2: Workforce and Safety - More than 550 personnel are currently working on-site across multiple workfronts, achieving 200,000 LTI-free hours, reflecting the culture and discipline being built at Kangankunde [4][6] - The company is utilizing its owner-operator Komatsu fleet to maintain momentum and reduce reliance on third-party contractors, supporting various construction activities as part of a lower-capital execution strategy [7] Group 3: Infrastructure Development - Site activity is scaling up with bulk earthworks, access roads, and trafficable platform preparation progressing towards the main construction phase [6] - An aerial view of the site shows the construction of the administration precinct, including the admin building and site medical clinic, which supports operational readiness as site activity ramps up [5]