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The latest update is out from Lindian Resources Limited ( (AU:LIN) ).
Lindian Resources Limited has received approval from the Malawian Mining and Minerals Regulatory Authority to expand its mining license area from 900 hectares to 2,500 hectares in the Balaka District. This expansion is a significant step for the company’s Stage 2 expansion of the Kangankunde Rare Earths Project, which aims to increase production capacity significantly. The expanded license area will support increased production, infrastructure development, and job creation, reinforcing Lindian’s commitment to shared value and enhancing its social license to operate. The project, with a long life of mine and high-grade deposits, has attracted strategic partnerships, including a binding agreement with Iluka for potential funding and offtake of additional production volumes.
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 the extraction and production of rare earth elements. The company is primarily engaged in the development of the Kangankunde Rare Earths Project in Malawi, which is known for its high-grade monazite concentrate.
YTD Price Performance: 60.26%
Average Trading Volume: 3,166,555
Technical Sentiment Signal: Buy
Current Market Cap: A$147.9M
See more data about LIN stock on TipRanks’ Stock Analysis page.