descrip of process steps & reo waste treatment, page-3

rru
I noticed this reply from Lynas on the same site,
not sure if it has been posted;

Dear

Thank you for your email. You’ll appreciate that our primary form of communication to our shareholders is via our regular updates to the whole of the market, and therefore we aren’t able to give non-market information to individual shareholders. Having said that, your recent questions are mostly consistent with material that we have recently released to the market, and therefore we confirm that our responses to your questions are as follows:

1. One of the conditions of the temporary operating licence for our Malaysian plant is that a financial guarantee in the amount of $50 million be established in instalments to pay for future decommissioning of the Lynas plant and a permanent waste disposal facility for the Lynas plant, if required. Lynas does not expect any difficulty in complying with this requirement.


2. Lynas understands that Lynas has submitted all the information required by the AELB, and Lynas awaits issuance of the TOL by the AELB.

3. We understand that Nick Curtis said during the recent quarterly update call that the first feed to kiln would be in the next quarter but hoped for in August. That remains our expectation.

4. We do not expect the “non-approval” clause in the Mt Kellett agreement to be relevant, based on the expected timetable referred to above.

Kind regards