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Lindian Resources Limited ( (AU:LIN) ) has provided an announcement.
Lindian Resources Limited announced that legal proceedings initiated by Deep Blue Sea Limited against it in the High Court of Malawi have been dismissed, with Lindian awarded full legal costs. This outcome removes uncertainties for Lindian, allowing it to focus on advancing its Kangankunde Rare Earths Project, a key asset with strong global interest and potential for significant production.
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 (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 its Kangankunde Rare Earths Project in Malawi being a cornerstone asset. This project is notable for its financial viability and potential to produce a premium monazite concentrate with low operating costs.
Average Trading Volume: 2,327,130
Technical Sentiment Signal: Sell
Current Market Cap: A$111.2M
For a thorough assessment of LIN stock, go to TipRanks’ Stock Analysis page.