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Lindian Resources Limited (ASX:LIN)

ALERT: Price-sensitive ASX Announcement for LIN
Current share price for LIN : $0.760 0.04 (5.56%)+
Announcement
Release
30 Jul 2026 6:27PM
Price at Release
$0.720
Full Release
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Summary
Lindian Resources Limited's quarterly report details significant progress on the Kangankunde Rare Earths Project, with production expected in Q4 2026. The company successfully raised A$100 million through an institutional placement, supporting both Stage 1 and Stage 2 of the project. Construction and mining readiness have advanced notably, and a new office in Singapore enhances global sales operations. The company's cash position is robust, with A$108 million at the quarter's end, bolstered by strong net cash inflows from financing activities.
Key Points
  • Kangankunde operations on schedule for Q4 2026 production.
  • Successful A$100 million institutional placement for project funding.
  • Significant construction and mining readiness progress at Kangankunde.
  • Establishment of sales, marketing, and logistics office in Singapore.
  • Net cash inflow from financing activities of A$94,903,000 for the quarter.
  • Cash balance of A$108 million at end of quarter.
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.