Lindian Initiates Stage 2 Drilling at Kangankunde Rare Earths Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
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Should l Buy LIN?
Source: Yahoo Finance
- Resource Definition Drilling: Lindian Resources has commenced a Stage 2 resource definition drilling program at its Kangankunde Rare Earths Project in Malawi, aiming to convert 20 to 40 million tonnes of Inferred Mineral Resource into Indicated classification, thereby enhancing resource confidence and supporting potential expansion planning.
- Drilling Progress: The program employs two diamond core rigs and one reverse circulation rig, totaling 3,400 meters of diamond drilling and 2,700 meters of RC drilling, expected to continue through April 2026, facilitating more precise pit design.
- Expansion Goals: Lindian aims to increase throughput to 4 million tonnes per annum and assess the potential for an additional 100,000 tonnes per annum of monazite concentrate, with Stage 2 work serving as a key input for evaluating expanded pit design and production capacity.
- Geological Exploration: Kangankunde is interpreted as a carbonatite-hosted rare earth system, with Stage 2 drilling focusing on areas requiring additional confidence to support pit design and scheduling, ensuring continuity and grade distribution of resources.
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Analyst Views on LIN
Wall Street analysts forecast LIN stock price to fall
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 501.680
Low
455.00
Averages
499.07
High
540.00
Current: 501.680
Low
455.00
Averages
499.07
High
540.00
About LIN
Linde plc is a United Kingdom-based industrial gases and engineering company. The Company serves a variety of end markets, such as chemicals and energy, food and beverage, electronics, healthcare, manufacturing, metals, and mining. The Company’s industrial gases and technologies are used in countless applications, including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity and specialty gases for electronics. It also delivers gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. Its primary products in its industrial gases business are atmospheric gases and process gases. The Company also designs and builds equipment that produces industrial gases and offers customers a range of gas production and processing services, such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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