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Lindian Resources Limited ( (AU:LIN) ) has shared an announcement.
Lindian Resources Limited announced successful test results from the Australian Nuclear Science and Technology Organisation (ANSTO) for its Kangankunde Rare Earths Project in Malawi. The tests confirm that the monazite concentrate can be processed into a high-grade, ultra-low-radiation mixed rare earth carbonate (MREC) product with a 97% recovery rate of neodymium and praseodymium. This development is significant as it simplifies the processing flowsheet, reduces operating costs, and enhances the product’s marketability due to its low radionuclide content, making it attractive to downstream separation plants and customers.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.91 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 operates in the rare earths industry, focusing on the exploration and development of rare earth projects. The company’s primary product is monazite concentrate, which is used to produce mixed rare earth carbonate (MREC) products. Lindian Resources is particularly focused on its Kangankunde Rare Earths Project in Malawi, aiming to produce high-grade, low-radiation rare earth elements.
YTD Price Performance: 400%
Average Trading Volume: 10,348,676
Technical Sentiment Signal: Buy
Current Market Cap: A$640.8M
For detailed information about LIN stock, go to TipRanks’ Stock Analysis page.