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Lindian Resources Limited ( (AU:LIN) ) has provided an update.
Lindian Resources reported strong progress at its Kangankunde rare earths project in the December 2025 quarter, moving decisively from early works into full construction and operational build-out. Key milestones included awarding the Stage 1 processing plant design-and-construct contract to Obsideo Engineering, mobilising and assembling its owner-operated Komatsu mining fleet, and letting all major non-process infrastructure contracts for workshops, power, tailings, fuel and security, materially reducing execution risk. Construction of the Tipume accommodation camp is well advanced and due to be fully operational by end-February 2026, while the project has surpassed 100,000 work hours without a lost-time injury and ended the quarter with A$56.96 million in cash. Lindian also acquired the remaining 33% of Kangankunde to move to 100% ownership and reported positive testwork from ANSTO confirming its monazite concentrate can be processed by conventional methods into a high-grade, low-radiation mixed rare earth carbonate. The project attracted heightened international attention, including a visit from a senior US Government delegation and engagement with potential offtake partners in the US and Asia, underscoring Kangankunde’s emerging role as a strategic rare earth supply source as Lindian targets first production in late 2026.
The most recent analyst rating on (AU:LIN) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Lindian Resources Limited stock, see the AU:LIN Stock Forecast page.
More about Lindian Resources Limited
Lindian Resources Limited is an Australia-listed resources company focused on developing the Kangankunde rare earths project, a strategically significant monazite-hosted deposit. The company is advancing integrated mining and processing operations, targeting supply into global rare earths markets that are increasingly seeking secure, diversified sources outside traditional producers.
Average Trading Volume: 7,372,640
Technical Sentiment Signal: Buy
Current Market Cap: A$820M
See more data about LIN stock on TipRanks’ Stock Analysis page.