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Lindian Resources Limited ( (AU:LIN) ) just unveiled an update.
Lindian Resources Limited reported significant progress in several areas during the quarter ended December 31, 2024. The company announced a US$50 million non-binding term sheet with Gerald Group for the Kangankunde Rare Earths Project, with due diligence and review processes underway. Additionally, the design and construction contract for the process plant is nearing award following comprehensive flowsheet optimization. In Guinea, a 10-year lease agreement for the Woula bauxite project has been secured, with commitments to advance to construction within eight months. The company also reported organizational changes, including board appointments and the upcoming shareholder meeting, while addressing legal matters in Malawi. These developments are expected to bolster Lindian’s project pipeline and enhance its strategic positioning in the mining sector.
More about Lindian Resources Limited
Lindian Resources Limited is an Australian company operating in the mining industry, primarily focusing on the extraction and development of rare earth elements and bauxite resources. The company is actively engaged in projects in Malawi and Guinea, West Africa, aiming to expand its market presence in these regions.
YTD Price Performance: 27.66%
Average Trading Volume: 15,364
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €69.29M
See more insights into LIN stock on TipRanks’ Stock Analysis page.
