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Lindian Resources Limited ( (AU:LIN) ) just unveiled an update.
Lindian Resources Limited has received confirmation from the Malawian government that its Kangankunde Rare Earths Project is not affected by a recent executive order restricting raw mineral exports. This exemption is due to the company’s plan to process the mined ore into a monazite concentrate before export, thus not classifying it as a raw mineral. This regulatory clarity allows Lindian to proceed with its operations, reinforcing its position as a future significant rare earths producer.
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 located in Malawi and Guinea. The company aims to become a globally significant producer of critical minerals, with the Kangankunde Rare Earths Project in Malawi as its flagship asset. This project is notable for its financial viability and potential to produce a high-grade monazite concentrate, positioning Lindian as a major player in the rare earths industry.
Average Trading Volume: 11,432,335
Technical Sentiment Signal: Buy
Current Market Cap: A$607.1M
For a thorough assessment of LIN stock, go to TipRanks’ Stock Analysis page.