Australia's Lindian Resources soars most in 6 months on rare earths find

Lindian Resources

05/01/2023 03:45

** Shares of Lindian Resources  LIN.AX  rise as much as
32.3% to A$0.205, their best intraday gain since Aug. 1, 2022
    ** Says it got the first two batches of assays from a
drilling programme at its Kangankunde Rare Earths Project in
Malawi, where it found high grades of rare earths mineralisation
    ** Stock hits highest level since Dec. 6, 2022
    ** Trading volumes cross five times their 30-day average,
with about 14.3 mln shares traded so far 
    ** In 2022, LIN rose 369.7% 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))