InvestSMART

Lindian Resources Limited (ASX:LIN)

ALERT: Price-sensitive ASX Announcement for LIN
Current share price for LIN : $0.450 -0.32 (-41.56%)+
Announcement
Release
20 Aug 2026 8:17AM
Price at Release
$0.770
Full Release
download
Summary
Lindian Resources Limited is progressing well with its Kangankunde Rare Earths Project in Malawi, aiming for first production of rare earth monazite concentrate in Q4 2026. The project is advancing with concurrent construction, mining, and operational readiness activities. Key infrastructure developments include the nearing completion of the process plant, water infrastructure, and the tailings storage facility. Phase 1 of the 33kV powerline is complete, facilitating the upcoming commissioning phase. The company is enhancing its operational readiness with active recruitment and commissioning preparations, as well as expanding its operational capabilities across multiple international locations including Malawi, Kazakhstan, Singapore, and Perth. This positions Kangankunde as a significant player in the global rare earth supply chain.
Key Points
  • Kangankunde is on track for first production in Q4 2026.
  • Construction, mining, and operational readiness activities are progressing concurrently.
  • Significant progress in process plant construction, including SAG mill and thickener installations.
  • Completion of Phase 1 of the 33kV powerline, advancing towards commissioning.
  • Water and tailings storage facility infrastructure are nearing completion.
  • Operational readiness is accelerating with key recruitment and system preparations.
  • Expansion of operational teams across Malawi, Kazakhstan, Singapore, and Perth.
  • Strategic positioning of Kangankunde within global rare earth supply chains.
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.