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Lindian Resources Limited ( (AU:LIN) ) has provided an update.
Lindian Resources Limited announced a retraction of its previously disclosed production increase and forecasts, clarifying that the optimizations in its processing flowsheet were merely sensitivity scenarios and not revised financial targets. While retracting these statements, the company affirmed the award of Obsideo as the contractor for processing infrastructure construction and emphasized its ongoing commitment to cost-saving initiatives and capital efficiency, with pre-production capital costs remaining within 10% of feasibility study estimates.
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 mining and resources industry, focusing on developing projects and optimizing processes to enhance production capabilities. The company’s primary market focus is centered on delivering quality ore concentrates and managing construction and operational efficiencies.
Average Trading Volume: 9,613,291
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$582M
For detailed information about LIN stock, go to TipRanks’ Stock Analysis page.