Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lindian Resources Limited ( (AU:LIN) ) has issued an update.
Lindian Resources Limited has entered a strategic partnership with Iluka Resources, securing a US$20 million construction term loan and a long-term offtake agreement for its Kangankunde Rare Earths Project. This partnership not only provides financial support but also strengthens Lindian’s market position by ensuring a steady revenue stream and aligning with Western Australia’s strategic hub for rare-earth processing. The agreement includes a 15-year offtake for 90,000 tonnes of Monazite Concentrate and a right of first refusal for future production expansions, highlighting the project’s attractiveness and potential for growth.
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 operates in the mining industry, focusing on the exploration and development of rare earth projects. Its primary product is Rare Earth Monazite Concentrate, and the company is particularly focused on the Kangankunde Rare Earths Project, which is considered a world-class resource.
Average Trading Volume: 2,166,339
Technical Sentiment Signal: Sell
Current Market Cap: A$118.3M
For an in-depth examination of LIN stock, go to TipRanks’ Overview page.