Lindian’s Kangankunde Project Promises High Returns

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.

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