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Lindian Resources Limited (ASX:LIN)

ALERT: Price-sensitive ASX Announcement for LIN
Current share price for LIN : $0.840 0.015 (1.82%)+
Announcement
Release
22 Jun 2026 8:16AM
Price at Release
$0.825
Full Release
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Summary
Lindian Resources Limited is progressing strongly with its Kangankunde Rare Earths Project in Malawi, targeting first production by Q4 2026. The project is on schedule, with critical milestones achieved across mining readiness, construction, and operational preparation. Over 800,000 LTI-free work hours have been recorded, demonstrating strong safety management. Key developments include the completion of the haul road, establishment of ore stockpiles, and progress in process plant civil works. The Tailings Storage Facility and power infrastructure are advancing as planned, supporting readiness for commissioning and production. The Stage 2 Feasibility Study, focused on expanding production capacity, is also on track, aiming for completion by December 2026. The company is well-positioned financially, leveraging strategic partnerships and funding initiatives to support its growth objectives.
Key Points
  • Kangankunde project on schedule for Q4 2026 production.
  • Over 800,000 LTI-free work hours recorded.
  • Haul road and ore stockpiling completed.
  • Process plant civil works progressing ahead of schedule.
  • Tailings Storage Facility construction 50% complete.
  • 27km power corridor and 269 poles installed.
  • Stage 2 Feasibility Study completion targeted for December 2026.
  • Strategic partnerships and funding fully support Stage 1 development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.