Lindian Resources Limited (AU:LIN) has released an update.
Lindian Resources Limited announced positive outcomes from the feasibility study of its Kangankunde Rare Earths Project in Malawi, highlighting low production costs and robust economic potential. The study showcases a pre-tax net present value of US$794M, an impressive internal rate of return, and a short payback period, with all necessary permits secured for Stage 1 construction. Additionally, the company is pursuing financing options to begin construction, backed by a strong cash reserve.
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