Australia's Lindian Resources rises on rare earth upgrade in Malawi project

Lindian Resources

05/10/2023 05:09

** Shares of Australian based mineral explorer Lindian
Resources  LIN.AX  rise as much as 5% to A$0.21
    ** Co says exploration target for Kangankunde Rare Earths
Project in Malawi has increased its grading 
    ** Says central carbonatite used for rock fertilizers is
between 400 mln tonnes to 800 mln tonnes of grading 
    ** LIN, however, is set to mark its fifth straight week of
losses, having lost over 2% in value so far 
    ** Stock up 29% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))