Lindian Targets December First Production As Kangankunde Commissioning Begins
Commissioning is underway at Lindian Resources’ Kangankunde project, with first monazite concentrate production still targeted for December; active mining has already built an approximately 125,000-tonne ore stockpile. The company ended the September quarter with $45 million in cash and approximately $17 million in undrawn finance, while its expanded partnership with Malawi’s NBS Bank includes plans for a mine-site branch and ATM. Lindian also secured full ownership of SARECO, increasing its interest from the previously contemplated majority stake to 100%.
Closing price · 2026-10-26: $0.390 · +4.00%