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The latest update is out from Lindian Resources Limited ( (AU:LIN) ).
Lindian Resources Limited has announced that its Kangankunde Rare Earths Project in Malawi remains unaffected by a recent executive order from the Malawian government, which restricts the export of raw minerals. The company plans to process raw materials into a concentrate before export, aligning with local regulations. This development ensures that Lindian’s operations continue uninterrupted, maintaining compliance with local laws and reinforcing its commitment to working with the Malawian government and community.
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 (ASX:LIN) is an Australian-based company with significant rare earths and bauxite assets in Malawi and Guinea. The company aims to become a globally significant producer of critical minerals, with the Kangankunde Rare Earths Project in Malawi being its cornerstone asset. This project is notable for its financial viability and potential to produce a premium monazite concentrate with low operating costs.
YTD Price Performance: 374.36%
Average Trading Volume: 10,914,787
Technical Sentiment Signal: Buy
Current Market Cap: A$607.1M
See more insights into LIN stock on TipRanks’ Stock Analysis page.