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Lindian Resources Limited ( (AU:LIN) ) has shared an update.
Lindian Resources has reported strong construction momentum at its Kangankunde Rare Earths Project in Malawi, with early works and site establishment largely complete and multiple work fronts now active. The first units of a Komatsu owner-operated mining fleet have arrived on site from South Africa and are being inspected, commissioned and used for early works, reducing contractor reliance and enhancing control over safety, costs and performance ahead of first production. Processing plant development is advancing through partner Obsideo Consulting, with detailed engineering underway and stockpile and plant footprint preparation about 95% complete and tracking ahead of schedule, alongside orders for long-lead items. Supporting infrastructure, including a mobile workshop, fuel farm, explosives magazine, power supply, camp facilities, perimeter security and administration buildings, is progressing in line with the project timetable. The project has surpassed 100,000 work hours without a lost-time injury, and management says the owner-operator strategy is improving execution control and schedule confidence as Kangankunde transitions from early works into sustained construction and mining readiness.
The most recent analyst rating on (AU:LIN) stock is a Hold with a A$0.38 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 in Malawi. The company is advancing an owner-operator mining model, supported by its own Komatsu mining fleet and a contracted Design and Construct partner for processing infrastructure, with the aim of establishing a vertically integrated rare earths operation to supply growing global demand for critical minerals.
Average Trading Volume: 9,038,639
Technical Sentiment Signal: Buy
Current Market Cap: A$719.6M
For detailed information about LIN stock, go to TipRanks’ Stock Analysis page.