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Lindian Resources Limited ( (AU:LIN) ) has shared an announcement.
Lindian Resources Limited has appointed DRA Pacific to conduct the Kangankunde Phase 2 Expansion Study, which will provide strategic direction for the next stage of development at the Kangankunde project. The study aims to optimize production rates, finalize the flowsheet, and identify infrastructure needs, with the goal of maximizing value from the Kangankunde resource. This move is expected to enhance Lindian’s operational capabilities and market positioning, as demand for its monazite concentrate remains strong.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.89 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 exploration and development of rare earth resources. The company is primarily engaged in the production of monazite concentrate and aims to secure and grow its market share in the rare earth sector.
Average Trading Volume: 6,947,646
Technical Sentiment Signal: Buy
Current Market Cap: A$409.8M
See more insights into LIN stock on TipRanks’ Stock Analysis page.