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Lindian Resources Limited
(Sydney:LIN)
Lindian Resources Limited (LIN) vs. iShares MSCI Australia ETF (EWA)
Lindian Resources Limited Business Overview & Revenue Model
Lindian Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 8.98K | 0.00 | 34.99K |
| Gross Profit | -135.31K | -135.31K | -13.21K | 8.98K | -3.93K | 30.08K |
| EBITDA | -9.44M | -9.44M | -4.87M | -7.67M | -1.15M | -1.45M |
| Net Income | -9.22M | -9.22M | -4.78M | -7.73M | -1.16M | -1.39M |
Balance Sheet | ||||||
| Total Assets | 76.55M | 76.55M | 79.13M | 64.30M | 7.49M | 4.96M |
| Cash, Cash Equivalents and Short-Term Investments | 3.49M | 3.49M | 13.25M | 7.62M | 2.18M | 500.76K |
| Total Debt | 198.15K | 198.15K | 0.00 | 0.00 | 8.97K | 0.00 |
| Total Liabilities | 18.19M | 18.19M | 15.92M | 31.31M | 227.42K | 306.12K |
| Stockholders Equity | 58.17M | 58.17M | 62.94M | 32.61M | 6.85M | 4.26M |
Cash Flow | ||||||
| Free Cash Flow | -10.96M | -10.96M | -28.37M | -24.87M | -1.85M | -2.27M |
| Operating Cash Flow | -6.07M | -6.07M | -4.04M | -3.08M | -1.28M | -1.22M |
| Investing Cash Flow | -4.90M | -4.90M | -24.33M | -21.79M | -563.42K | -1.05M |
| Financing Cash Flow | 1.20M | 1.20M | 34.01M | 30.31M | 3.51M | 2.16M |
Lindian Resources Limited Technical Analysis
Lindian Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$211.16M | 118.57 | 1.08% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$153.55M | 11.43 | 22.56% | ― | 64.66% | ― | |
50 Neutral | AU$769.79M | -57.50 | -15.51% | ― | ― | -90.48% | |
50 Neutral | AU$152.35M | -5.63 | -36.29% | ― | ― | -166.67% | |
46 Neutral | AU$217.97M | -29.46 | -20.10% | ― | ― | 4.44% |
Lindian Resources Limited Corporate Events
Lindian Resources Limited has issued 2,000,000 fully paid ordinary shares following the conversion of incentive rights on 22 December 2025. The company stated that the shares were issued without a prospectus under the Corporations Act disclosure exemptions, confirmed its ongoing compliance with financial reporting and continuous disclosure obligations, and noted that there is no excluded information that would be material for investors assessing the company or the rights attached to the new shares.
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.
Lindian Resources Limited has applied to the ASX for quotation of an additional 2,000,000 fully paid ordinary shares under its existing issuer code LIN. The new securities, issued on 22 December 2025 following the exercise or conversion of options or other convertible instruments, will expand the company’s quoted share capital, potentially enhancing liquidity for investors and providing Lindian with additional flexibility in its capital structure.
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.
Lindian Resources Limited has issued 8,474,811 fully paid ordinary shares following the conversion of options exercisable at $0.30 on or before 9 December 2025, after completing an underwriting of those options. The company stated that the new shares were issued without a prospectus under the Corporations Act’s disclosure exemptions and confirmed it is compliant with its financial reporting and continuous disclosure obligations, with no excluded information requiring release to the market, indicating the capital raise proceeds without additional undisclosed risk signals for investors.
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.
Lindian Resources Limited has applied to the ASX for quotation of 8,474,811 fully paid ordinary shares, expanding its listed securities on the Australian market. The new shares, issued on 19 December 2025 following the exercise or conversion of existing options or other convertible securities, modestly increase the company’s free float and may slightly enhance liquidity for shareholders, though the announcement provides no further operational or strategic details.
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.
Lindian Resources Limited announced a retraction of its previously disclosed production increase and forecasts, clarifying that the optimizations in its processing flowsheet were merely sensitivity scenarios and not revised financial targets. While retracting these statements, the company affirmed the award of Obsideo as the contractor for processing infrastructure construction and emphasized its ongoing commitment to cost-saving initiatives and capital efficiency, with pre-production capital costs remaining within 10% of feasibility study estimates.
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.
Lindian Resources Limited has announced a significant advancement in its Kangankunde Rare Earths Project by appointing Obsideo as the Design & Construct contractor for an optimized process plant. This optimization has resulted in a 25% increase in ore processing capacity, boosting production from 15,300 to 20,000 tonnes per annum of Monazite Concentrate. The project now promises a 45% increase in pre-tax net present value and a 38% rise in annual EBITDA, enhancing the project’s financial viability and offering attractive returns for stakeholders. The appointment of Obsideo follows a competitive tender process, ensuring strong technical expertise and proven delivery capabilities for the project’s success.
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.
Lindian Resources Limited recently hosted a delegation from the United States government at its Kangankunde Rare Earths Project in Malawi. The visit underscores the strategic importance of securing reliable supply chains for critical minerals, such as rare earth elements, which are vital for advanced manufacturing and renewable energy technologies. The discussions highlighted Kangankunde’s potential role in addressing the global supply gap for rare earths, aligning with international initiatives for critical mineral supply stability. This engagement is part of Lindian’s strategy to foster transparent relationships with key stakeholders as the project advances toward production, with full production targeted for 2026.
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.
Lindian Resources Limited has announced the issuance of 18,374,123 fully paid ordinary shares following the conversion of options exercisable at $0.30 before December 9, 2025. This move, executed without disclosure under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant legislative provisions and indicates no undisclosed information affecting investors’ assessments of the company’s financial standing and share rights.
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.
Lindian Resources Limited announced the quotation of 18,374,123 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective December 11, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and potentially improve its market position, which could have significant implications for its stakeholders and operational capabilities.
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.
Lindian Resources Limited has awarded all major Non-Process Infrastructure (NPI) contracts for its Kangankunde Rare Earths Project in Malawi, marking a significant milestone in its development. The completion of these contracts, which include essential infrastructure such as a mining workshop, administration building, and power infrastructure, aligns with the company’s goal of achieving first production by late 2026. This progress enhances the project’s readiness and reduces execution risk, maintaining strong momentum towards full construction and operational readiness.
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.
Lindian Resources Limited has achieved full ownership of the Kangankunde Rare Earths Project by completing the final payment of US$10 million ahead of schedule. This strategic move grants Lindian 100% control over one of the most significant rare earth development projects globally, aligning its operational entities and enhancing its strategic and operational control as it progresses towards initial production.
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.
Lindian Resources Limited has successfully secured an underwriting agreement with Petra Capital Pty Limited for options set to expire on 9 December 2025, with a conversion value of approximately A$5.0 million. This agreement allows institutional investors to increase their holdings, reflecting strong market support and confidence in the company’s value. The underwriting agreement, which includes standard commercial terms and does not require shareholder approval, is expected to enhance Lindian’s financial position and market presence.
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.
Lindian Resources Limited has appointed Mr. Mojalefa Sechemane as the Processing Manager for its Kangankunde Rare Earths Project in Malawi. This strategic appointment is aimed at enhancing the company’s technical leadership as it transitions from construction to production. Mr. Sechemane brings over 20 years of experience in hydrometallurgical and mineral processing, which is expected to play a crucial role in optimizing the plant’s operations and ensuring a smooth transition to steady-state production. This move completes Lindian’s operational management team for the project, positioning the company for successful production and potential growth in the rare earths market.
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.
Lindian Resources Limited has announced the issuance of 1,655,293 fully paid ordinary shares following the conversion of options exercisable at $0.30 before 9 December 2025. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act. The announcement indicates no excluded information that would impact investors’ informed assessment of the company’s financial position or the rights associated with the shares.
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.
Lindian Resources Limited has announced the application for quotation of 1,655,293 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its market presence and provide liquidity for its shareholders, potentially impacting its operational dynamics and stakeholder interests.
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.
Lindian Resources Limited announced successful test results from the Australian Nuclear Science and Technology Organisation (ANSTO) for its Kangankunde Rare Earths Project in Malawi. The tests confirm that the monazite concentrate can be processed into a high-grade, ultra-low-radiation mixed rare earth carbonate (MREC) product with a 97% recovery rate of neodymium and praseodymium. This development is significant as it simplifies the processing flowsheet, reduces operating costs, and enhances the product’s marketability due to its low radionuclide content, making it attractive to downstream separation plants and customers.
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.
Lindian Resources Limited has announced a change in the director’s interest, specifically involving Zuliang (Park) Wei. The change pertains to the transfer of 5,952,381 options off-market, which were previously exercisable at $0.30 on or before December 9, 2025. This adjustment in the director’s interest reflects internal financial management and may influence stakeholder perceptions of the company’s governance and strategic decisions.
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.
Lindian Resources Limited announced the issuance of 419,048 fully paid ordinary shares following the conversion of options exercisable at $0.30 before December 9, 2025. This move complies with the Corporations Act 2001, and the company confirmed that there is no excluded information that needs disclosure, ensuring transparency and maintaining investor confidence.
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.
Lindian Resources Limited has commenced construction of the Tipume accommodation village at its Kangankunde Rare Earths Project in Malawi. This development marks a significant milestone as the project transitions from planning to execution, with the camp designed to accommodate up to 90 personnel and equipped with modern amenities. The completion of this facility is crucial for supporting the workforce and ensuring the project’s timely progression towards production, reflecting Lindian’s commitment to safety and operational excellence.
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.
Lindian Resources Limited has issued 476,191 fully paid ordinary shares following the conversion of options exercisable at $0.30, with a deadline of December 9, 2025. This move is in compliance with the Corporations Act 2001, and the company has confirmed there is no excluded information that needs to be disclosed, ensuring transparency and adherence to regulatory requirements.
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.
Lindian Resources Limited has announced the quotation of 476,191 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 19, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially improving its market position and providing more opportunities for investors to engage with the company’s growth prospects.
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.
Lindian Resources Limited has appointed Robert Rickie as the new Commercial & Supply Manager to enhance its leadership team as it progresses with the Kangankunde Rare Earths Project in Malawi. Rickie, who brings over 15 years of experience in contracts, procurement, and project delivery, will lead the commercial and supply chain functions, ensuring efficient project delivery. His appointment is expected to strengthen Lindian’s operational capabilities and support the safe and sustainable development of the Kangankunde project.
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.
Lindian Resources Limited has announced a change in the director’s interest, with Zekai (Zac) Komur acquiring 7,000,000 director performance rights. This change, approved at the 2025 Annual General Meeting, reflects a strategic move to align the director’s interests with the company’s performance, potentially impacting the company’s governance and stakeholder confidence.
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.
Lindian Resources Limited announced a change in the director’s interest, with Robert Martin acquiring 9,000,000 director performance rights at the 2025 Annual General Meeting. This change reflects a significant increase in Martin’s stake, potentially impacting the company’s governance and signaling confidence in its future prospects.
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.
Lindian Resources Limited has announced the issuance of 16,000,000 unquoted director performance rights as part of an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted, indicating a strategic move to align management interests with company performance.
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.
Lindian Resources Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed by poll, in line with ASX Corporate Governance Council Principles. The meeting saw the election and re-election of several directors, and the approval of an Employee Securities Incentive Plan, indicating strong shareholder support for the company’s governance and strategic initiatives.
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.
Lindian Resources Limited has made significant progress in the development of its Kangankunde Rare Earths Project in Malawi, highlighted by a final investment decision and a strategic partnership with Iluka Resources. The company secured a $91.5 million institutional placement and expanded its mining license, paving the way for a major production expansion. The appointment of Zac Komur as Executive Director and the adoption of an owner-operator mining model are expected to enhance project execution and cost efficiency. The project is on track for production by Q4 2026, positioning Lindian as a key player in the global rare earth supply chain.
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.
Lindian Resources Limited has issued 1,195,798 fully paid ordinary shares following the conversion of options exercisable at $0.30, set to expire on December 9, 2025. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Act, ensuring transparency and adherence to regulatory requirements.
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.
Lindian Resources Limited has announced the application for the quotation of 1,195,798 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move signifies the company’s ongoing efforts to enhance its capital structure and potentially increase its market presence, which could have implications for its operational capabilities and stakeholder interests.
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.
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.
Lindian Resources Limited has announced that its Kangankunde Rare Earths Project in Malawi remains unaffected by a recent executive order from the Malawian government, which restricts the export of raw minerals. The company plans to process raw materials into a concentrate before export, aligning with local regulations. This development ensures that Lindian’s operations continue uninterrupted, maintaining compliance with local laws and reinforcing its commitment to working with the Malawian government and community.
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.
Lindian Resources Limited has announced an amendment to Resolution 7 of its 2025 Notice of Annual General Meeting. The company has reduced the maximum number of equity securities to be issued under its new employee incentive scheme from 171,000,000 to 20,000,000 over a period of up to three years. This decision reflects the company’s commitment to maintaining shareholder oversight and transparency in its future securities issuances.
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.
Lindian Resources Limited announced the issuance of 1,723,595 fully paid ordinary shares following the conversion of options exercisable at $0.30, with a deadline of December 9, 2025. This move, executed without investor disclosure under Part 6D.2 of the Corporations Act, reflects the company’s compliance with relevant legal provisions and its strategic approach to enhancing its capital structure, potentially impacting its financial positioning and stakeholder interests.
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.
Lindian Resources Limited has announced the issuance of 1,723,595 fully paid ordinary securities, which will be quoted on the ASX. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its capital structure and providing additional liquidity options for stakeholders.
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.
Lindian Resources Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 10, 2025, in Perth, Western Australia. The company is encouraging shareholders to participate by lodging proxy forms before the meeting, as physical copies of the meeting notice will not be dispatched unless specifically requested. This move highlights the company’s shift towards digital communication, aiming to streamline shareholder engagement and voting processes.
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.
Lindian Resources Limited has successfully completed the early works program for its Kangankunde Rare Earths Project in Malawi, meeting both time and budget targets. This milestone paves the way for the main construction phase, with key infrastructure such as access roads and security facilities already in place. The company is now preparing for the next stages, including mobilizing contractors and finalizing mine design, with the goal of commencing mining activities by January 2026. This progress is crucial for Lindian’s strategic positioning in the rare earths market, potentially enhancing its operational capabilities and market competitiveness.
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.