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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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| -4.41K | 0.00 | 8.98K | 0.00 | 34.99K | 58.33K | Gross Profit |
| -11.02K | -13.21K | -104.74K | ― | 30.08K | 47.62K | EBIT |
| -6.64M | -3.10M | -6.37M | -1.12M | -1.44M | -1.41M | EBITDA |
| -8.30M | -4.87M | -7.67M | -1.15M | -1.45M | -1.85M | Net Income Common Stockholders |
| -9.26M | -4.78M | -7.73M | -1.16M | -1.39M | -1.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.73M | 13.25M | 7.62M | 2.18M | 500.76K | 614.10K | Total Assets |
| 77.66M | 79.13M | 64.30M | 7.49M | 4.96M | 2.64M | Total Debt |
| 238.34K | 0.00 | 0.00 | 8.97K | 0.00 | 10.79K | Net Debt |
| -6.50M | -13.25M | -7.62M | -2.17M | -500.76K | -603.31K | Total Liabilities |
| 17.02M | 15.92M | 31.31M | 227.42K | 306.12K | 127.09K | Stockholders Equity |
| 60.41M | 62.94M | 32.61M | 6.85M | 4.26M | 2.61M |
| Cash Flow | Free Cash Flow | ||||
| -12.13M | -28.37M | -24.87M | -1.85M | -2.27M | -2.45M | Operating Cash Flow |
| -4.24M | -4.04M | -3.08M | -1.28M | -1.22M | -1.15M | Investing Cash Flow |
| -7.89M | -24.33M | -21.79M | -563.42K | -1.05M | -1.30M | Financing Cash Flow |
| -900.00K | 34.01M | 30.31M | 3.51M | 2.16M | 3.02M |
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 |
|---|---|---|---|---|---|---|---|
57 Neutral | $7.14B | 3.09 | -4.49% | 5.67% | 0.82% | -49.15% | |
40 Underperform | €149.94M | ― | -14.67% | ― | ― | -60.00% | |
| $192.90M | ― | -33.63% | ― | ― | ― | ||
| $125.24B | 11.20 | 26.20% | 4.98% | ― | ― | ||
| $30.54B | 8.05 | 20.21% | 8.98% | ― | ― | ||
| $2.13B | 1,408.33 | -36.53% | 6.90% | ― | ― | ||
| $100.35B | 10.12 | 21.04% | 8.02% | ― | ― |
Lindian Resources Limited Corporate Events
Lindian Resources Limited has announced a change in the director’s interest, with Robert Martin acquiring 1,000,000 ordinary shares through an off-market purchase. This acquisition reflects a significant increase in Martin’s indirect interest in the company, potentially indicating confidence in the company’s future prospects.
Lindian Resources Limited has made significant strides in advancing its Kangankunde Rare Earths Project, awarding a site access road contract to Mota-Engil and commencing key infrastructure works. The company is actively engaging with local communities to provide employment and training opportunities, while also partnering with ANSTO for downstream test work to enhance its technical capabilities and capture more value in the rare earths supply chain.
Lindian Resources Limited announced the issuance of 6,000,000 CFO performance rights as part of its unquoted equity securities. This move reflects the company’s strategy to incentivize its leadership team, potentially impacting its operational dynamics and aligning management’s interests with shareholder value. The issuance of these performance rights could strengthen Lindian’s market position by motivating key personnel to achieve strategic goals.
Lindian Resources Limited has secured full ownership of the Lelouma Bauxite Project in Guinea by acquiring the remaining 25% interest from its minority partners. This strategic move eliminates ownership dilution risk and financial commitments, allowing the company to focus on project development without constraints. The Lelouma Project, with its substantial 900 million tonnes of high-grade bauxite, positions Lindian to capitalize on the rising demand for aluminum in the electric vehicle market. The company plans to implement a new management team to oversee the project’s development while maintaining its commitment to the Kangankunde rare earths project.
Lindian Resources Limited reported an unauthorized security breach at its Kangankunde Rare Earths Project in Malawi, involving individuals attempting to collect geological samples without permission. This incident highlights the strategic importance of the project amid global geopolitical tensions, particularly between the United States and China, concerning rare earths supply. Lindian is actively cooperating with authorities to maintain site security and protect stakeholder interests, emphasizing the project’s critical role in the global supply chain.
Lindian Resources Limited has commenced early-stage site works at its Kangankunde Rare Earths Project in Malawi, marking a significant milestone in developing one of the world’s most important undeveloped rare earth assets. The company is accelerating the project’s development by completing initial civil and infrastructure work, which includes plant processing and storage areas, and is ahead of schedule on road construction. By prioritizing local workforce participation and implementing training programs, Lindian is enhancing socio-economic benefits for the region. The project underscores Lindian’s commitment to sustainable development and positions it as a leader in the critical minerals sector, contributing to the global energy transition.
Lindian Resources Limited has commenced downstream metallurgical testwork with the Australian Nuclear Science and Technology Organisation (ANSTO) to evaluate the production of Mixed Rare Earth Carbonate (MREC) from its high-grade monazite concentrate. This initiative aims to optimize processing routes and support strategic partnerships, as the concentrate’s low radionuclide content and high-grade quality offer significant advantages in meeting stringent international standards. With first production targeted for 2026, Lindian is poised to capitalize on global supply chain shifts, particularly as China’s export controls increase the demand for independent rare earth sources.
Lindian Resources Limited announced the cessation of 7,000,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could influence investor perceptions regarding the company’s ability to meet its performance targets.
Lindian Resources Limited announced a leadership transition as it moves towards the delivery of its Kangankunde Rare Earths Project in Malawi. The current CEO, Mr. Alwyn Vorster, will step down, and the company is in the process of appointing a new executive team to lead the project into its next phase. This transition is crucial for advancing the project towards financing and construction, marking a pivotal phase for the company and its stakeholders as they aim to deliver long-term value.
Lindian Resources Limited has announced the engagement of Mr. Henk Ludik as a corporate finance advisor to assist in securing funding for their Kangankunde Rare Earths Project in Malawi. This strategic move follows strong investor interest and existing non-binding funding agreements, with the company aiming to finalize a binding term sheet with Gerald Group and explore various funding options to maximize shareholder value.
Lindian Resources Limited announced the results of its recent General Meeting, where several resolutions regarding the company’s board composition were not carried, indicating strong shareholder support for the current board. The company remains committed to advancing its Kangankunde Rare Earths Project, with recent discussions with the Malawi government and funding partners progressing positively, positioning Lindian to potentially deliver significant economic value through its strategic initiatives.
Lindian Resources Limited has announced the appointment of Mr. Zekai (Zac) Komur as a Non-Executive Director to its Board, aiming to enhance leadership in advancing the Kangankunde rare earth project. This strategic move is intended to strengthen project delivery and maximize shareholder value, positioning Lindian as a key player in the critical minerals sector. The appointment comes alongside the resignation of Mr. Blake Steele as a Non-Executive Director. The company remains focused on securing key contracts, partnerships, and funding for the Kangankunde project, which is pivotal to its growth strategy and support for the energy transition.
Lindian Resources Limited has announced a major milestone in the development of its Kangankunde Rare Earths Project by awarding a site access road contract to Mota-Engil, a leading European construction group. This contract, valued at approximately US$1.3 million, marks a crucial step in advancing the project by facilitating the transportation of construction materials and equipment. The development of the road is expected to enhance local connectivity, create economic opportunities, and demonstrate Lindian’s commitment to advancing the project and benefiting the local community and economy.