Lindian Resources Hires Contractor for Optimized Process Plant at Malawi Rare Earths Project; Shares Jump 6%

MT Newswires Live

2025/12/17

Lindian Resources (ASX:LIN) hired Obsideo for the design and construction of an optimized process plant at the Kangankunde rare earths project in Malawi, according to a Wednesday Australian bourse filing.

The contract covers the full engineering, procurement, construction, and commissioning of the stage 1 processing plant.

Project optimization work delivered a 25% ore processing increase to boost production to 20,000 tonnes per year of monazite concentrate from 15,300 tonnes.

Lindian Resources' shares jumped 6% in recent trading on Wednesday.

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