Lindian Resources Completes Malawi Company Acquisition

MT Newswires Live

Dec 10, 2025

Lindian Resources (ASX:LIN) completed the final $10 million tranche payment for the acquisition of Rift Valley Resource Developments, increasing its ownership of the Malawi-based company to 100%, according to a Wednesday filing with the Australian bourse.

The company will be granted full legal and beneficial ownership of Rift Valley Resource Developments, giving it direct control of the Kangankunde project, the filing said.

The company signed an agreement in 2022 to acquire Rift Valley Resource Developments for $30 million, payable in four tranches over 48 months, per the filing.

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