10-year lease signed: Lindian Resources to earn annual royalties from Woula Bauxite Project

Lindian is set to earn a royalty ranging from US$1 to US$2 per tonne of bauxite produced, based on the ownership structure of the producing entity, for the entire production period. The company plans to transfer the Woula leases to the lessees once 10 million tonnes of bauxite have been produced or after a period of five years, whichever comes first.

The lessees are currently working to obtain the required exploitation licence for Woula and have initiated early-stage project activities, including mine planning and preparations for site access.

Lindian has secured preferential access to port facilities in northern Guinea, facilitating its bauxite export operations. This access agreement aligns with a consortium including the lessees, who have recently completed positive feasibility studies and obtained government approval for an independent export terminal in the Boké region. If the lessees gain port access for the Woula or related projects, Lindian will be granted priority access to any surplus capacity. This strategic arrangement could accelerate the development of Lindian’s Gaoual and Lelouma bauxite projects, which are currently in funding negotiations.