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Lindian Resources Limited ( (AU:LIN) ) just unveiled an announcement.
Lindian Resources Limited has confirmed that its bauxite projects in Guinea remain unaffected by the recent cancellation of mining licenses by the country’s military government. This announcement underscores Lindian’s strong relationship with the Guinean government and its ongoing progress in developing its bauxite projects in the region, ensuring stability and continuity for stakeholders involved.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.69 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 is an Australian-based company focusing on rare earths and bauxite assets in Malawi and Guinea. The company aims to become a significant global producer of critical minerals, with its Kangankunde Rare Earths Project in Malawi being a key asset. This project is noted for its financial viability and potential as one of the largest underdeveloped rare earths deposits globally. Lindian also holds bauxite assets in Guinea and Tanzania.
YTD Price Performance: 53.85%
Average Trading Volume: 1,652,136
Technical Sentiment Signal: Hold
Current Market Cap: A$138.4M
For an in-depth examination of LIN stock, go to TipRanks’ Stock Analysis page.