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Was invested in LIN in 2006/07, a DRC adventure with negative sucess.

Was doing some resarch for my self, found interesting activities.

Reason enough to buy a speculative position.

Perhaps one can expect a similar progress like ASX:ELM ,(a formerly "Balcatta-Boys-Stock" around Reginald Gillard an Klaus Eckhof (Moto goldmiknes, Tiger, Perseus, Condor)

But now with totaly renewed management.


search for "Steven Leithead" (new Managing Director)







search for "philippines"






http://img696.imageshack.us/img696/9039/capture01ff.jpg (perhaps a godd sign because LINs Dinguiraye - Pt-Ni-Cu Project in Aftica, but not my focus now)





The San Manuel Mining company is connected to the Masapelid Property, and therefore the connection to the new Lindian Managing Director Leithead.


Masapelid has the potential for a Company Maker property!

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very strong board now:


Brian McMaster




Lindian Resources Limited (Company) is very pleased to announce that Mr. Brian McMaster has

joined the Board of the Company as a non-executive director.


Mr. McMaster is a Chartered Accountant, a registered and official liquidator and has almost 20

years’ experience in the area of corporate reconstruction and turnaround / performance



Mr. McMaster’s experience includes numerous reorganisations and turnaround’s, including being

instrumental in the recapitalisation and listing of 12 Australian companies on the ASX.


Recently, Mr. McMaster was a partner of the restructuring firm Korda Mentha and prior to that was

a partner at Ernst & Young.


Mr. McMaster’s experience includes significant working periods in the United States, South

America, Asia and India.


Mr. McMaster presently holds a number of executive and non-executive directorships in a variety of

industries including mining and resources, hospitality and funds investment, including being a non-

executive director of Midwest Vanadium Pty Ltd (a subsidiary of Atlantic Limited (ASX:ATI)) and

Alloy Steel Corporation Limited.





some McMaster stuff:













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... new management .. new project ....new Presentation






Exploration Target estimated at 1 - 2Mt at 10 - 20g/t gold


Projects well located.

 Easy access with good logistics.

 Identified gold and copper gold mineralisation in geological

settings analogous to other deposits in the Philippines.

 Several drill ready targets.

 Great news flow to be anticipated from drilling and developing

multiple projects.

 JORC Resource estimates – forecast within 12 months.

 Mine studies – forecast within 24 months.

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Lindian Resources Limited is very pleased to provide an update for

exploration on its Masapelid Project in the Philippines.


 High grade gold, silver and base metal assays were

received from underground sampling of the Davaoeno

mine located at Layab. Underground channel sampling

results ranged up to maximum contents of:

 65.48g/t gold

 102g/t silver

 1.68% copper

 9.31% lead

 7.13% zinc

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Miner reports copper discovery in Surigao

By: Riza T. Olchondra

Philippine Daily Inquirer

10:33 pm | Friday, February 3rd, 2012




Lindian Resources Ltd. of Australia said in two reports posted on its website that it has discovered copper mineralization within its flagship Masapelid island project in Surigao del Norte.


Copper, silver, and gold were traced in variably mineralized rock drilled at the Layab deposit on the east coast of Masapelid, the company report said.


The company said it will conduct follow-up work to assess the discovery site’s full potential.


Lindian managing director Steve Leithead called it a “tremendous result” and expressed management support for the ongoing exploration focus on the Masapelid project.


Drilling for the Masapelid project started in June 2011. Lindian said it aims to announce an initial resource within a year or sometime June 2012.


The company’s objective is to rapidly advance the project to mining studies “within 24 months.”

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