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Lindian Resources Limited ( (AU:LIN) ) just unveiled an announcement.
Lindian Resources Limited has received approval for the expansion of its Mining Licence area from 900 hectares to 2,500 hectares, marking a significant step forward for the Kangankunde Rare Earths Project. This expansion supports increased production capacity and infrastructure development, with plans to conduct a feasibility study to potentially expand production beyond the current target of 50,000 tonnes per annum. The company has retracted its previous production target range and will provide updated targets upon completion of the feasibility study. This development positions Lindian to enhance its operations and strengthen its industry standing, with potential implications for stakeholders, including a strategic partnership with Iluka for long-term offtake and funding support.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.50 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 rare earth elements. The company’s primary project is the Kangankunde Rare Earths Project, which is one of the largest deposits in the world, with significant ore reserves. Lindian is engaged in the exploration and development of rare earth resources, aiming to expand its market presence and production capabilities.
YTD Price Performance: 188.46%
Average Trading Volume: 4,031,345
Technical Sentiment Signal: Buy
Current Market Cap: A$266.3M
See more data about LIN stock on TipRanks’ Stock Analysis page.