Gaoual Bauxite Project
On 10 April 2019, Lindian signed an exclusive option agreement with KB Bauxite Guinea SARLU and its sole shareholder Guinea Bauxite Pty Ltd to acquire the Gaoual Bauxite Project.
Gaoual is one of only two known major ‘Conglomerate Bauxite’ occurrences in discovered in Guinea, the other being Sangaredi - mined for ~30 years by Compagnie des Bauxites de Guinée (CBG).
Gaoual has very similar geological and geochemical characteristics to the Sangaredi Conglomerate Bauxite deposit, which was regarded as vastly superior to all other bauxite.
Gaoual is adjacent to world-class bauxite deposits Koumbia Bauxite Project (Alliance Mining Commodities) and Société des Bauxites de Guinée’s (CBG), and nearby infrastructure - 64 km from Sangaredi Railway and 155 km from Kamsar Port in Kamsartown.