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Lindian Resources Limited ( (AU:LIN) ) has issued an announcement.
Lindian Resources Limited has decided to implement an owner-operator mining model for its Kangankunde Rare Earths Project in Malawi, which is expected to reduce mining execution costs by approximately 30%. This strategic move is part of Lindian’s efforts to enhance operational control and efficiency, with the appointment of Samuel Boachie as Mining Manager to lead the initiative. The company plans to redirect savings from civil and tailings works to fund the owner-operator fleet, maintaining the total pre-production capital in line with previous feasibility studies. The transition is anticipated to accelerate mining operations, with a target start date in February 2026, and position the project in the lowest cost quartile of the global rare earths industry.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.89 price target. To see the full list of analyst forecasts on Lindian Resources Limited stock, see the AU:LIN Stock Forecast page.
More about Lindian Resources Limited
Lindian Resources Limited operates in the mining industry, focusing on the extraction and production of rare earth elements. The company is engaged in the development of the Kangankunde Rare Earths Project in Malawi, aiming to establish a strong operational presence and leverage cost-effective mining practices.
YTD Price Performance: 246.15%
Average Trading Volume: 7,682,950
Technical Sentiment Signal: Buy
Current Market Cap: A$442.6M
See more insights into LIN stock on TipRanks’ Stock Analysis page.