Lindian Resources Completes Early Works at Kangankunde Project

Lindian Resources Limited ( (AU:LIN) ) has issued an announcement.

Lindian Resources Limited has successfully completed the early works program for its Kangankunde Rare Earths Project in Malawi, meeting both time and budget targets. This milestone paves the way for the main construction phase, with key infrastructure such as access roads and security facilities already in place. The company is now preparing for the next stages, including mobilizing contractors and finalizing mine design, with the goal of commencing mining activities by January 2026. This progress is crucial for Lindian’s strategic positioning in the rare earths market, potentially enhancing its operational capabilities and market competitiveness.

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 industry, focusing on the exploration and development of rare earth projects. The company is primarily engaged in advancing its Kangankunde Rare Earths Project in Malawi, aiming to establish a significant presence in the rare earths market.

Average Trading Volume: 8,296,238

Technical Sentiment Signal: Buy

Current Market Cap: A$508.1M

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