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Lindian Resources Limited (ASX:LIN)

ALERT: Price-sensitive ASX Announcement for LIN
Current share price for LIN : $0.430 -0.268 (-38.35%)+
Announcement
Release
10 Aug 2026 9:39AM
Price at Release
$0.698
Full Release
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Summary
Lindian Resources Limited (ASX: LIN) issued a clarification announcement regarding recent inaccurate media commentary related to their Kangankunde Rare Earths Project in Malawi. The company confirmed that their mining license remains valid and in compliance with Malawi's legal framework. Government inspections have found no evidence of unauthorized mining, and the project's Environmental and Social Impact Assessment has been approved by the Malawi Environment Protection Authority. Lindian maintains constructive engagement with the Malawian government and community, ensuring adherence to all regulatory requirements. The company aims for first production by Q4 2026.
Key Points
  • Mining Licence remains valid and in good standing.
  • Kangankunde operating well within statutory thresholds.
  • No evidence of unauthorized mining found by government inspections.
  • Environmental and Social Impact Assessment approved by MEPA.
  • Constructive government and stakeholder engagement.
  • First production targeted for Q4 2026.
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.