News: Lynas to cut costs , page-11

*** Good news!

* LAMP a success -achieved 100% of its 11,000 tpa Phase 1 nameplate production capacity.

* Phase 2 expansion of the concentration plant at Mount Weld is completed and the plant has produced at capacity.

* The construction and pre-commissioning of Phase 2 of the LAMP is near completion. The Phase 2 kilns at the LAMP are currently in the process of being heated up for commissioning.

* The measured emissions on site have consistently been significantly lower than the limits specified in the Environmental Impact Assessment (EIA) and Radiological Impact Assessment (RIA).

* implemented a program to reduce operating costs and
expenditure

* optimising production at the Phase 1 capacity level.

* Lynas intends to continue operating at this level until higher market prices are reached.

* More production and sales -when product approval by customers.

* Lynas projects Rare Earths demand will grow at above-GDP
rates over the medium term driven by increases in demand from key sectors such as Rare Earths permanent magnets, autocatalysts and fluid cracking catalysts (FCCs)