Desk · Development / financing · NdPr / LREE
ASX:LIN
Lindian Resources
Kangankunde, Malawi — high-grade carbonatite, simple monazite mineralogy, low radioactivity relative to peers. One of the cleaner African NdPr development stories.
Building
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 12-01 Offtake
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Building
Cadence is real, not yet a cluster. Next print has to land.
- Last beat
- —
- Beats / 90d
- 0
- Recent gap
- —
0 beats in 180d
- — No dated beat in the trailing window.
- — Next: Financing / offtake / starter-plant FID (101d).
Trading
- Last
- A$0.180
- 1d
- +2.8%
- Mkt cap
- $190M
- Volume
- 3.2M
- 52-week
- A$0.09 – A$0.32
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · EV / MagREO $4.8M/kt · snapshot, not a live tape
Company & people
HQ
Perth, Australia
Focus
NdPr / LREE · Monazite / HMS
CEO Alwyn Vorster
- Alwyn Vorster, CEO
Mine / project
Flagship
Kangankunde
Location
Malawi · Malawi
Deposit
Carbonatite (monazite)
Resource
High-grade (~2%+ TREO) carbonatite. Simple mineralogy is the met tell. Stage: development / offtake / financing.
Desk basket
2.1% TREO · 40 kt MagREO (desk)
Radioactivity
Low — permit tell vs peers
Capital, loans, grants & support
None the desk is willing to count yet.
- Watch for binding offtake — this asset was built to be sold as concentrate or MREC
The Pulse
Grade and mineralogy are the pulse. Malawi is the discount. A Western offtake and a funded starter pit would re-rate this faster than another drill hole.
ASX. African jurisdiction makes Nasdaq a stretch without a US offtake and a producing mine.
Next: 1 Dec 2026 — Financing / offtake / starter-plant FID
Nasdaq path
Home listing is not Nasdaq. Bid price, registration, and a real asset gate are.
- 01 · DoneASX listing
Primary listing LIN. Kangankunde is the asset.
- 02 · GapUS OTC
No US ticker the desk will count.
- 03 · GapDTC eligibility
Not in play.
- 04 · GapUS holder tape
Malawi is the discount. Western offtake is the register.
- 05 · NextOfftake + starter FID1 Dec 2026
Grade and mineralogy are done. A funded starter pit is the next print.
- 06 · GapSEC registration
No 20-F. African jurisdiction makes Nasdaq a stretch without a US offtake and tonnes.
- 07 · GapNasdaq $4 bid
Last ~A$0.18 / ~US$0.12. ~33× below. Do not split a Malawi PEA into a Nasdaq print.
- 08 · GapNasdaq application
Not on the table. Sell concentrate or MREC to a Western plant first.
Catalysts
Financing / offtake / starter-plant FID
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method