Lindian Resources Limited (AU:LIN) has released an update.
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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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