15 stories mentioning ASX:LINUpdated 3m ago
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Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Thursday.EQ Resources (ASX:EQR): 24.3 million sharesLindian Resources (ASX:LIN): 20.4 million sharesLiontown Resources (ASX:LTR): 17.7 million sharesBeach Energy (ASX:BPT): 9.6 million sharesPLS Group (ASX:PLS): 6.5 million shares
Lindian Resources (ASX:LIN) advanced the Kangankunde project in Malawi across construction and operational preparedness during the quarter ended June 30, according to a Friday filing with the Australian bourse.The company also completed second-stage infill drilling, with results to support an updated mineral resource estimate and the stage two definitive feasibility study, the filing said.First production is expected in the fourth quarter of the year, with front-end commissioning targeted for October and practical completion slated for November, per the filing.
Lindian Resources (ASX:LIN) said the Australian Nuclear Science and Technology Organization (ANSTO) completed the downstream hydrometallurgical test work program on monazite concentrate from its Kangankunde project in Malawi, validating the complete sulfuric acid bake flowsheet, according to a Wednesday filing with the Australian bourse.The program confirmed high metallurgical performance, achieving 98% neodymium and praseodymium (NdPr) extraction and 96% total rare earths plus yttrium extraction in the largest acid bake test of the program, surpassing previous results, the filing said.Additionally, 96% overall NdPr recovery was achieved from concentrate to final mixed rare earth carbonate, with impurity removal losses around 1.1%, per the filing.Shares fell 1% in midday trade on Wednesday.
Lindian Resources (ASX:LIN) completed the first production blast at its Kangankunde project in Malawi, marking the start of active mining operations, according to a Thursday filing with the Australian bourse.The blast drilled, charged, and fired across 206 blast holes, fragmenting roughly 13,100 tonnes of material, including about 5,500 tonnes of ore, the filing said.First production is expected in the fourth quarter of the year, per the filing.
Here are the ASX-listed companies with the biggest gains on Wednesday.Wisetech Global (ASX:WTC): +13%, AU$32.51BCI Minerals (ASX:BCI): +11%, AU$0.42Anteris Technologies (ASX:AVR): +10%, AU$14.99Xero (ASX:XRO): +8%, AU$70.31Telix Pharmaceuticals (ASX:TLX): +7%, AU$15.54Neuren Pharmaceuticals (ASX:NEU): +5%, AU$12.99Tasmea (ASX:TEA): +5%, AU$9.45Lindian Resources (ASX:LIN): +5%, AU$0.92Regis Healthcare (ASX:REG): +4%, AU$6.53Iluka Resources (ASX:ILU): +4%, AU$7.54
Lindian Resources (ASX:LIN) said the Kangankunde rare earths project in Malawi is on schedule to support first production in the December quarter, according to a Monday Australian bourse filing.Front-end commissioning remains targeted for October, with practical completion targeted for mid-November.Access was established to the top of the project for the stage one pit, and the haul road was completed, the company said. Ore stockpiling was well advanced, with around 27,000 tonnes of ore now established on the run-of-mine pad.
Lindian Resources (ASX:LIN) said it has mutually agreed with Gerald Metals to terminate the 2023 sale and purchase agreement covering monazite concentrate from its Kangankunde Rare Earths Project in Malawi, according to an Australian bourse filing on June 19 after market hours.The company will issue 20 million fully paid ordinary shares to Gerald within 14 days of executing the termination deed, with the shares to be held under a voluntary escrow arrangement for 90 days, per the filing.The termination grants the company complete control over its sales strategy, pricing, product quality, production volumes, profitability, and target markets, while also allowing earlier supply to the Sareco hydromet facility in Kazakhstan, the filing added.
Here are the ASX-listed companies with the biggest gains on Friday.Electro Optic Systems (ASX:EOS): +15%, AU$11Elsight (ASX:ELS): +13%, AU$7.184DMedical (ASX:4DX): +12%, AU$3.74Judocapitol FP (ASX:JDO): +11%, AU$1.54Flight Centre Travel Group (ASX:FLT): +8%, AU$10.96West African Resources (ASX:WAF): +8%, AU$3.19Lindian Resources (ASX:LIN): +8%, AU$0.83Ora Banda Mining (ASX:OBM): +7%, AU$1.36Vulcan Energy Resources (ASX:VUL): +7%, AU$3.89Westgold Resources (ASX:WGX): +6%, AU$5.18
Lindian Resources (ASX:LIN) commissioned Chilwa Minerals (ASX:CHW) to prepare drill samples from grade control drilling programs at the Kangankunde project for export and assaying at the latter's laboratory in Malawi, according to a Thursday filing with the Australian bourse.Income from the arrangement is not material to Chilwa Minerals, the filing said.
Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Tuesday.Arafura Rare Earths (ASX:ARU): 41.2 million sharesPredictive Discovery (ASX:PDI): 37.4 million sharesTabcorp Holdings (ASX:TAH): 13.8 million sharesTelstra Group (ASX:TLS): 8.9 million sharesLindian Resources (ASX:LIN): 7.7 million shares
Lindian Resources (ASX:LIN) received notice that UBS Group and its affiliated entities became substantial holders of the company on May 13, according to a Monday Australian bourse filing.The financial services firm and its affiliates now owns 92.2 million shares in the company, representing a 5.04% total voting power, the filing said.
Lindian Resources' (ASX:LIN) Kangankunde rare earths project in Malawi remains on schedule, with front-end commissioning targeted for October and first production targeted for the December quarter, according to a Thursday Australian bourse filing.Its stage one process plant is designed for 20,000 tonnes per annum nameplate concentrate capacity. First ore to run-of-mine pad is scheduled for June, with mining beginning around six months before practical completion in November to establish stockpiles.Water and borehole approval was received from the National Water Resources Authority, and approvals for both general and hazardous waste management were also secured.
Lindian Resources (ASX:LIN) said UBS Group and its related entities have ceased to be a substantial holder in the company on April 29, according to a Friday Australian bourse filing.The company's shares were up 1% in recent Friday trade.
Lindian Resources (ASX:LIN) confirmed that the SARECO mixed rare earth carbonate (MREC) processing facility in Kazakhstan has an existing sulfuric acid supply arrangement with the Stepnogorsk sulfuric acid plant, a state-backed local producer, according to a Tuesday Australian bourse filing.This follows recent reports that China will implement a near-total ban on sulfuric acid exports from Friday.Its position with access to domestic supply may reduce exposure to global supply disruptions, per the filing.
Lindian Resources (ASX:LIN) said it has received board approval from NBS Bank for a AU$16.6 million composite facility comprising AU$6.6 million in asset finance with a five-year tenor and 18-month grace period, and AU$10 million in working capital with a three-year tenor, according to a Wednesday Australian bourse filing.The company said the asset finance facility will reimburse 90% of the Komatsu owner-operator mining fleet that Lindian has already paid, while the working capital facility will provide an additional liquidity buffer to support operational activities during ramp-up and ongoing operations.Following its recently completed AU$100 million institutional placement disclosed on April 1, Lindian said it is progressing main construction, with a strong balance sheet and no core project finance debt, and that the NBS Bank facilities will be used for asset finance and working capital purposes only.
