Far East Capital Newsletter
Lindian just gets better with each drill hole
4 Jun 2023

In This Issue

Lindian just gets better with each drill hole

The Australian stock market has fallen out of step with the US markets for the time being. The All Ords has fallen 0.04% over the past five days, whereas the Dow Jones has risen 2.95% and the Nasdaq was up 3.39%. Many stocks under our chart coverage sank to new lows, but volume has been minimal. That is what happens in June. Maybe we will play catch up next week, following the 2.1% rise in the Dow on Friday, but we shouldn't expect too much joy this month. Trends won't be helpful but that is when news flow and new stories come into their own.

Lindian Resource (LIN) continued to release excellent assays from its recent drilling program, impressive both in lengths and grades. As Kangankune is a large carbonatite body hundred of meters in diameter, there is no need to be worried about reporting of true widths that we look for in metallic style orebodies. We are more interested in the consistency of mineralisation within the carbonatite, the variability of grades in different zones and horizons, and the implications for mine planning. 

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