Australia's Lindian Resources gains most in more than 6 years on Iluka deal

Lindian Resources

06/08/2025 01:45

** Lindian Resources LIN.AX soars as much as 59.6% to A$0.15; marks biggest intraday pct gain since September 2018

** Stock hits highest since July 2, 2024; last up 43.6%

** Iluka Resources ILU.AX gains 2.1% to A$5.9

** Diversified miner signs deal with Iluka to supply 6,000 tonnes of rare earth monazite concentrate per annum for 15 years from mine in Malawi

** Iluka to extend $20 mln construction term loan facility over five years to fund Lindian's capital costs

** Lindian says floor prices guaranteed under deal, but final prices yet to be determined

** Around 10.8 mln shares traded, ~4x the 30-day avg

** YTD, LIN gains 20.5%, ILU rises 16.7%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))