Lindian Resources Limited

LIN

AU000000LIN6

Aluminum

Market Closed - Australian S.E. Other stock markets 02:10:23 2024-05-23 am EDT			5-day change	1st Jan Change
0.12 ^AUD	-4.00%		-4.00%	-17.24%

May. 03	Euroz Hartleys Adjusts Lindian Resources’ Price Target to AU$0.46 From AU$0.45, Keeps at Speculative Buy	MT
May. 02	Lindian Resources Updates Resource Estimate for Malawi Rare Earths Project; Shares Up 8%	MT

Lindian raises A$35 million to fast-track Kangankunde development

July 13, 2023 at 11:11 am EDT

(via NewsDirect)

Lindian Resources Ltd (ASX:LIN) CEO Alistair Stephens speaks with Proactive after securing a crucial A$35 million investment from institutional investors and sophisticated stakeholders in a heavily-bid placement, bulking the company's financial clout to advance the globally-significant Kangankunde Rare Earths Project in Malawi.

The funds put the company in its best-ever financial position and will allow it to pay the third tranche of US$10 million for the 100% acquisition of Rift Valley Resource Developments Ltd, the owner of the Kangankunde project.

Lindian executive chair Asimwe Kabunga said: "This placement is an exceptionally good outcome for Lindian and we are pleased to welcome a number of respected and reputable domestic and offshore institutional investors to our register.

“The considerable interest received is clear recognition that Kangankunde is a globally significant rare earths project of considerable scale and grade, and the potential for Lindian to be a major supplier of neodymium-praseodymium to the global economy in the near future.”

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

Latest news about Lindian Resources Limited

Euroz Hartleys Adjusts Lindian Resources’ Price Target to AU$0.46 From AU$0.45, Keeps at Speculative Buy	May. 03	MT
Lindian Resources Updates Resource Estimate for Malawi Rare Earths Project; Shares Up 8%	May. 01	MT
Lindian Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 12	CI
Euroz Hartleys Adjusts Lindian Resources’ Price Target to AU$0.45 From AU$0.85, Keeps at Speculative Buy	Mar. 08	MT
Lindian Resources Uncovers Rare Earths at Kangankunde Project	Mar. 07	MT
Lindian Resources Confirms High Recoveries, Concentrate Grades at Malawi Rare Earth Project	Mar. 05	MT
Lindian Resources Starts Trading on OTCQB Venture Market; Shares Up 4%	Feb. 28	MT
Lindian Resources Hits High-Grade Rare Earths Mineralization at Kangankunde Project in Malawi; Shares Decline 3%	Feb. 18	MT
Lindian Resources Identifies Rare Earths at Kangankunde Project	Feb. 01	MT
Lindian Resources Defines Exploration Target at Malawi Rare Earth project	23-10-05	MT
Lindian Resources Limited Publishes an Exploration Target for the Kangankunde Rare Earths Project	23-10-04	CI
Lindian Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-29	CI
Lindian Resources Enters Sale, Purchase Deal With Global Metals Trader; Shares Down 4%	23-09-25	MT
Lindian Resources Advances Development of Kangankunde Project	23-09-20	MT
Lindian Resources Intercepts More Mineralization in Kangankunde Project	23-09-19	MT
Lindian Resources Limited(ASX:LIN) added to S&P Global BMI Index	23-09-18	CI
Lindian Resources Limited Receives Assay Results from KGKDD009	23-09-17	CI
Australian Government Entity Confirms Non-Radioactivity of Lindian Resources’ Rare Earth Concentrates	23-09-07	MT
Lindian Resources Limited Signs Memorandum of Understanding with Compagnie Des Bauxites de Guinee for Gaoual Bauxite Project	23-09-03	CI
Lindian Resources Limited Announces Appointment of Mr. Park Zuliang Wei as A Non-Executive Director	23-09-03	CI
Lindian Resources Limited Announces Board Appointments	23-08-21	CI
Lindian Resources Establishes Maiden Resource of Kangankunde Project; Shares Slump 12%	23-08-03	MT
Lindian Resources Limited Reports Maiden Mineral Resource Estimate of 261 Million Tons At High Grade of 2.19% Treo	23-08-02	CI
Lindian Resources Completes AU$35 Million Placement; Shares Rise 3%	23-07-19	MT
Lindian Resources Uncovers Further Rare Earths at Kangankunde Project	23-07-18	MT

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Company Profile

Lindian Resources Limited is a mineral exploration company. The Companyâs principal focus includes the ongoing exploration and development of the Kangankunde Rare Earths Project. In addition, the Company is advancing its portfolio of bauxite projects in Guinea. The Kangankunde Rare Earths Project is located in central Malawi approximately 90 kilometers (km) north of the city of Blantyre in the southern part of the country. The Kangankunde Rare Earths Project is rich in Neodymium and Praseodymium. Its Gaoual Bauxite Project is in northwestern Guinea within the Boke Bauxite Belt. It is situated south of the township of Gaoual in the northern portion of the Kogon-Tomine interfluve, about 65 km northeast of Sangaredi. The Lelouma Project is located just 40km from its high grade Gaoual conglomerate bauxite project. The Woula Bauxite Project is located in North-Western Guinea, and is 10km from an existing haul road connecting to the bauxite export terminal in Katougouma.

Sector

Aluminum

Calendar

2024-09-26 - Q4 2024 Earnings Release (Projected)

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