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The latest update is out from Lindian Resources Limited ( (AU:LIN) ).
Lindian Resources Limited has awarded all major Non-Process Infrastructure (NPI) contracts for its Kangankunde Rare Earths Project in Malawi, marking a significant milestone in its development. The completion of these contracts, which include essential infrastructure such as a mining workshop, administration building, and power infrastructure, aligns with the company’s goal of achieving first production by late 2026. This progress enhances the project’s readiness and reduces execution risk, maintaining strong momentum towards full construction and operational readiness.
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 is a company operating in the mining industry, focusing on the development of rare earth projects. Its primary project is the Kangankunde Rare Earths Project in Malawi, where it aims to produce rare earth elements, which are crucial for various high-tech and green technologies.
Average Trading Volume: 10,316,988
Technical Sentiment Signal: Buy
Current Market Cap: A$608.5M
See more data about LIN stock on TipRanks’ Stock Analysis page.