Resources industry executive Alwyn Vorster has been appointed CEO of ASX-listed, Africa-focused rare earths company Lindian Resources.
Vorster, who was previously CEO of Hastings Technology Metals and MD of BCI Minerals, is succeeding Alistair Stephens.
Stephens resigned with immediate effect, following completion of the exploration phase at the Kangankunde project, in Malawi.
Lindian’s board felt that the company needed an experienced CEO with a track record of successful project delivery and company transition management.
Vorster will be responsible for the accelerated development of the Kangankunde project as well as Lindian’s bauxite assets in Guinea.
“I have seldom in my 30-year career encountered an exceptional orebody such as at the world-class Kangankunde project. My aim will be to finalise all elements required to move Kangankunde into construction and operations as soon as possible, resulting in potential cashflow for Lindian in 2025,” says Vorster.
The feasibility study for Kangankunde’s Stage 1 operation is nearing completion and will be reported soon, he adds.
“The feasibility study is expected to showcase Kangankunde’s very robust project economics and low startup capital cost.”