Lindian Resources Achieves Key Milestones in Q2 2026
Key points
- Major construction milestones achieved at Kangankunde
- Successful A$100 million institutional placement
- Established access to low-cost sulphuric acid supply in Kazakhstan
- New Singapore office to strengthen international sales
- Secured a 12-month fixed-price diesel supply agreement
Full summary
Lindian Resources Limited reported significant operational, construction, and strategic milestones for the quarter ended 30 June 2026. The Kangankunde Rare Earths Project achieved major construction milestones, including completion of the Stage 1 pit haul road and explosives approvals. The company also secured a 12-month fixed-price diesel supply agreement and access to low-cost sulphuric acid supply in Kazakhstan. Additionally, Lindian completed a successful A$100 million institutional placement and established a new office in Singapore to strengthen its international sales, marketing, and logistics functions. The company ended the quarter with A$108 million in cash, excluding undrawn facilities.
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