Lindian Resources Limited (AU:LIN)
ASX:LIN
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Lindian Resources Limited
(Sydney:LIN)
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Rating:54Neutral
Price Target:
AU$0.79
â–²(83.95% Upside)
Action:ReiteratedDate:03/14/26
The score is held back primarily by weak financial performance (minimal/zero revenue, widening losses, and continued cash burn), partially offset by a low-debt balance sheet with sizable equity. Technicals are strong with a clear uptrend and positive momentum, but indicators are stretched, which increases near-term pullback risk. Valuation is also a drag because profitability is negative (negative P/E) and no dividend yield is provided.
Positive Factors
Very low leverage
Very low leverage (debt-to-equity ≈0.003) provides durable financial flexibility: it reduces near-term solvency and refinancing risk and lowers interest burden. That structural strength allows continued exploration and project advancement without heavy fixed‑cost financing pressures over months.
Negative Factors
Minimal/zero revenue; widening losses
Minimal or zero revenue and materially wider net losses (≈-A$9.2M in 2025 vs -A$4.8M in 2024) indicate the company lacks operating scale and profitable cash-generating activity. Over months this increases dependence on external capital and heightens execution risk until resources are defined.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Very low leverage (debt-to-equity ≈0.003) provides durable financial flexibility: it reduces near-term solvency and refinancing risk and lowers interest burden. That structural strength allows continued exploration and project advancement without heavy fixed‑cost financing pressures over months.
Read all positive factors
Lindian Resources Limited (LIN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.42B
Dividend YieldN/A
Average Volume (3M)11.44M
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue GrowthN/A
EPS Growth-5.00%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,829,396,400
10 Day Avg. Volume14,481,928
30 Day Avg. Volume11,442,498
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)1.92
Price to Sales (P/S)0.00
P/FCF Ratio-10.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.75Price Target Upside74.42% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lindian Resources Limited Business Overview & Revenue Model
Company Description
Lindian Resources Limited, together with its subsidiaries, engages in the exploration of mineral properties in Tanzania, Guinea, Malawi, and Australia. It primarily explores for gold, bauxite, and rare earths mineral ores. The company focuses on t...
How the Company Makes Money
null...
Lindian Resources Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 8.98K | 0.00 | 34.99K |
| Gross Profit | -182.82K | -135.31K | -13.21K | 8.98K | -3.93K | 30.08K |
| EBITDA | -13.29M | -9.44M | -4.87M | -7.67M | -1.15M | -1.45M |
| Net Income | -11.27M | -9.22M | -4.78M | -7.73M | -1.16M | -1.39M |
Balance Sheet | ||||||
| Total Assets | 152.36M | 76.55M | 79.13M | 64.30M | 7.49M | 4.96M |
| Cash, Cash Equivalents and Short-Term Investments | 56.97M | 3.49M | 13.25M | 7.62M | 2.18M | 500.76K |
| Total Debt | 452.32K | 198.15K | 0.00 | 0.00 | 8.97K | 0.00 |
| Total Liabilities | 2.92M | 18.19M | 15.92M | 31.31M | 227.42K | 306.12K |
| Stockholders Equity | 149.22M | 58.17M | 62.94M | 32.61M | 6.85M | 4.26M |
Cash Flow | ||||||
| Free Cash Flow | -32.88M | -10.96M | -28.37M | -24.87M | -1.85M | -2.27M |
| Operating Cash Flow | -9.51M | -6.07M | -4.04M | -3.08M | -1.28M | -1.22M |
| Investing Cash Flow | -38.48M | -4.90M | -24.33M | -21.79M | -563.42K | -1.05M |
| Financing Cash Flow | 98.23M | 1.20M | 34.01M | 30.31M | 3.51M | 2.16M |
Lindian Resources Limited Technical Analysis
Positive
0.43
Price Trends
0.68
Positive
0.54
Positive
0.39
Positive
Market Momentum
0.06
Negative
66.50
Neutral
84.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LIN, the sentiment is Positive. The current price of 0.43 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.68, and above the 200-day MA of 0.39, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 66.50 is Neutral, neither overbought nor oversold. The STOCH value of 84.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LIN.
Lindian Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$155.32M | 146.12 | 0.67% | ― | ― | -28.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$1.42B | -16.47 | -10.87% | ― | ― | -5.00% | |
46 Neutral | AU$201.11M | -15.68 | -14.67% | ― | ― | 22.86% | |
46 Neutral | AU$108.78M | -21.61 | -10.82% | ― | ― | 71.74% | |
45 Neutral | AU$102.91M | -4.63 | -22.98% | ― | -50.11% | -160.00% |
* Basic Materials Sector Average
AU:LIN
Lindian Resources Limited
0.78
0.67
604.55%
AU:ARR
American Rare Earths
0.35
0.08
29.63%
AU:DRE
Dreadnought Resources Limited
0.02
<0.01
46.15%
AU:QPM
QPM Energy
0.03
-0.02
-44.68%
AU:RNU
Renascor Resources Limited
0.06
>-0.01
-11.59%
Lindian Resources Limited Corporate Events
Lindian Halves Director Performance Rights After Rapid Rare Earths Growth
May 1, 2026
Lindian Resources has moved to amend resolutions for its upcoming general meeting by halving the maximum number of director performance rights from 37 million to 18.5 million, with an addendum to be sent to shareholders outlining the changes and h...
UBS Group AG Ceases to Be Substantial Holder in Lindian Resources
Apr 30, 2026
UBS Group AG and its related bodies corporate have notified Lindian Resources Limited that they have ceased to be a substantial shareholder in the company as of 29 April 2026. The change was lodged via an official substantial holder notice under A...
UBS Group Ceases to Be Substantial Shareholder in Lindian Resources
Apr 28, 2026
UBS Group AG and its related bodies corporate have notified Lindian Resources Limited that they have ceased to be a substantial shareholder as of 24 April 2026. The change, formalised in a substantial holder notice lodged on 28 April 2026, indicat...
Lindian Resources to List 1.3 Million Incentive Shares on ASX
Apr 28, 2026
Lindian Resources Limited has applied for quotation on the ASX of 1.3 million ordinary fully paid shares, with the securities to be issued on April 28, 2026. The new quoted securities arise from shares previously issued under an employee incentive...
Lindian Secures Low-Cost Kazakh Sulphuric Acid to Strengthen Rare Earths Downstream Strategy
Apr 27, 2026
Lindian Resources has secured sulphuric acid supply for its SARECO mixed rare earth concentrate facility in Kazakhstan through an existing arrangement with the nearby Stepnogorsk Sulphuric Acid Plant, a state-backed producer expanding capacity to ...
Lindian Secures US$11.6m Malawi Bank Facility for Kangankunde Rare Earths Project
Apr 21, 2026
Lindian Resources has secured a US$11.6 million composite equipment finance and working capital facility from Malawi’s NBS Bank to support the Kangankunde Rare Earths Project. The package comprises a five-year US$4.6 million asset finance fa...
Lindian Resources Calls May 2026 General Meeting, Moves to Digital Meeting Materials
Apr 21, 2026
Lindian Resources Limited has called a General Meeting of shareholders to be held in person in Perth on 25 May 2026 at 1:00pm AWST, signalling a key corporate governance event for the ASX-listed explorer. In line with Australian corporate law and ...
Lindian Locks In Fixed-Price Fuel Deal as Kangankunde Nears First Rare Earth Production
Apr 19, 2026
Lindian Resources has secured a 12-month fixed-price diesel supply agreement with Petroda Malawi for 500,000 litres at US$2.83 per litre to support construction, mining start-up and commissioning at its Kangankunde Rare Earths Project. This arrang...
Lindian Director Converts Performance Rights to Shares, Boosting Equity Stake
Apr 16, 2026
Lindian Resources has reported a change in the holdings of director Zekai (Zac) Komur, following the conversion of 2 million director performance rights into ordinary shares on 13 April 2026. As a result of this transaction, Komur’s interest...
Lindian Director Converts Performance Rights to Boost Shareholding
Apr 16, 2026
Lindian Resources Limited has reported a change in the holdings of director Robert Martin, with a conversion of 1 million director performance rights into ordinary shares at a deemed price of $0.75. Following the transaction, Martin, via the Marti...
Lindian Resources Issues 154.6 Million New Shares After Placement and Option Conversions
Apr 13, 2026
Lindian Resources has issued 154,641,024 fully paid ordinary shares following the completion of a placement and the conversion of options and incentive rights. The company confirmed the shares were issued without a disclosure document under the Co...
Lindian Resources Seeks ASX Quotation for 2.88 Million New Shares
Apr 13, 2026
Lindian Resources Limited has applied for quotation on the ASX of 2,884,614 new ordinary fully paid shares, to be issued on April 13, 2026. The additional securities arise from the exercise or conversion of existing options or other convertible se...
Lindian Resources Seeks ASX Quotation for 14.4 Million New Shares
Apr 13, 2026
Lindian Resources Limited has applied for quotation on the ASX of 14,423,076 new ordinary fully paid shares, expanding the number of LIN securities available for trading. The shares, issued on 13 April 2026 following the exercise or conversion of ...
Lindian Resources Seeks ASX Quotation for 4 Million New Shares
Apr 13, 2026
Lindian Resources Limited has applied for quotation on the ASX of 4,000,000 new fully paid ordinary shares under the code LIN, with an issue date of April 13, 2026. The new securities arise from the exercise or conversion of existing options or ot...
Lindian Seeks ASX Quotation for 133 Million New Shares
Apr 13, 2026
Lindian Resources Limited has applied to the ASX for quotation of 133,333,334 new fully paid ordinary shares, to be issued on April 13, 2026. The sizeable share issuance, linked to previously announced transactions, expands the company’s quo...
Lindian Raises A$6m from Option Conversion to Advance Kangankunde Rare Earths Project
Apr 7, 2026
Lindian Resources has raised approximately A$6 million through the full conversion of 17.3 million unlisted options that expired on 3 April 2026, with about 14.42 million options exercised by holders and the remaining 2.88 million underwritten by ...
Lindian Resources Strengthens Finance Leadership as Rare Earths Projects Scale Up
Apr 6, 2026
Lindian Resources has appointed former Iluka Resources executive Derek Bideshi as Chief Financial Officer from 6 July 2026 and promoted Rajesh Agrawal to General Manager, Finance, bolstering its financial leadership as it moves the Kangankunde Rar...
Lindian Resources Plans Major Share Placement to Raise Equity Capital
Apr 1, 2026
Lindian Resources Limited has announced a proposed issue of up to 133,333,334 fully paid ordinary shares as part of a placement or similar capital-raising initiative. The new securities are scheduled for issue on 13 April 2026, indicating the comp...
Lindian Raises A$100m to Fast-Track Debt-Free Kangankunde Expansion
Apr 1, 2026
Lindian Resources has secured firm commitments for a A$100 million institutional placement, issuing about 133.33 million new shares at A$0.75 each to Australian and offshore funds. The raise was strongly supported at tight pricing and a premium to...
Lindian Resources Seeks Trading Halt Ahead of Strategic Placement Announcement
Mar 31, 2026
Lindian Resources has requested a trading halt in its securities on the ASX as it prepares an announcement regarding a capital placement to institutional investors and strategic critical minerals funds. The halt will remain in place until either t...
Lindian Resources Announces Departure of Director Yves Occello
Mar 26, 2026
Lindian Resources has notified the ASX that director Yves Occello has ceased to be a director of the company as of 25 March 2026. The filing records that Occello holds 1,500,000 performance rights in Lindian Resources and confirms he has no additi...
Lindian Resources Appoints New Director and Discloses Indirect Shareholding
Mar 26, 2026
Lindian Resources Limited has appointed Teck Lim as a director, effective 25 March 2026, and has disclosed his initial interests in the company’s securities in accordance with ASX requirements. Lim holds no shares directly but has an indirec...
Lindian Opens Tipume Camp to Accelerate Kangankunde Rare Earths Build
Mar 22, 2026
Lindian Resources has brought the Tipume accommodation camp at its Kangankunde Rare Earths Project in Malawi into operation ahead of schedule, establishing a permanent on-site workforce base and removing a key logistical bottleneck. The camp curre...
Lindian Resources Releases Half-Year Financial Report for December 2025
Mar 12, 2026
Lindian Resources Limited has released its financial report for the half year ended 31 December 2025, detailing its business overview, review of operations, ore reserves and mineral resources, and key corporate matters. The report, supported by co...
Lindian Resources to Join S&P/ASX All Ordinaries Index in March Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, confirming that Lindian Resources Limited, along with multiple other resource and mining-related companies, will be added to the benchmark from March ...
S&P Dow Jones Unveils March 2026 Rebalance of Key S&P/ASX Indices
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of the SP/ASX index family, with multiple changes across the SP/ASX 20, 50, 100, 200 and 300 set to take effect before the market opens on March 23, 2026. The reshuffle promotes...
Lindian Reaffirms Kangankunde and Guinea Resource Estimates in Investor Presentation
Mar 3, 2026
Lindian Resources has released a presentation prepared for investors and stakeholders outlining the status of its Kangankunde Rare Earths Project and its Guinea bauxite assets. The document emphasises that prior ASX-reported exploration results, m...
Lindian to fast-track high-value rare earths output with Kazakhstan plant deal
Mar 2, 2026
Lindian Resources has agreed a binding term sheet to acquire, via a 51:49 incorporated joint venture with Kazakhstan-based RA Group, 100% of the SARECO mixed rare earths carbonate processing plant in Stepnogorsk, Kazakhstan, previously operated by...
Lindian Resources Seeks Trading Halt Ahead of Material Acquisition Announcement
Feb 27, 2026
Lindian Resources Limited has requested a trading halt of its securities on the ASX as it prepares to announce details of a material acquisition, with the halt to remain in place until the announcement is released or normal trading resumes on 3 Ma...
Lindian accelerates Kangankunde rare earths build with key plant orders and site ramp-up
Feb 8, 2026
Lindian Resources has reported strong execution momentum at its Kangankunde rare earths project in Malawi, highlighted by achieving 200,000 lost-time injury-free work hours and placing orders for key long-lead processing equipment, including a SAG...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.