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Lindian Resources Limited ( (AU:LIN) ) has shared an announcement.
Lindian Resources Limited has announced a significant advancement in its Kangankunde Rare Earths Project by appointing Obsideo as the Design & Construct contractor for an optimized process plant. This optimization has resulted in a 25% increase in ore processing capacity, boosting production from 15,300 to 20,000 tonnes per annum of Monazite Concentrate. The project now promises a 45% increase in pre-tax net present value and a 38% rise in annual EBITDA, enhancing the project’s financial viability and offering attractive returns for stakeholders. The appointment of Obsideo follows a competitive tender process, ensuring strong technical expertise and proven delivery capabilities for the project’s success.
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 and production of rare earth elements. Its primary project is the Kangankunde Rare Earths Project in Malawi, which aims to produce Monazite Concentrate, a high-demand product in the market.
Average Trading Volume: 9,767,872
Technical Sentiment Signal: Buy
Current Market Cap: A$598.7M
Find detailed analytics on LIN stock on TipRanks’ Stock Analysis page.