Lindian Resources Limited (AU:LIN) has released an update.
Lindian Resources Limited has announced positive feasibility study results for Stage 1 of the Kangankunde Rare Earths Project, highlighting its low-risk, economically robust prospects with a post-tax NPV of US$555M and an IRR of 80%. The project boasts one of the lowest capital costs in the rare earths sector at US$40M, with a rapid payback period of under two years and significant offtake interest, as 40% of annual production is already contracted. With all key development approvals in place and funding discussions advancing, Lindian anticipates starting construction in late 2024 and commissioning by the end of 2025.
For further insights into AU:LIN stock, check out TipRanks’ Stock Analysis page.
