Lindian Resources (ASX:LIN) said it is on track to start production in the fourth quarter of 2026 at its Kangankude rare earths project, as early works were completed on time and within budget at the project, according to a Thursday filing with the Australian bourse.
The company will develop a power distribution network, camp, fuel, and explosives infrastructure at the project in the coming quarter, the filing said.
Shares of the company fell 3% in recent Thursday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.