LYC 1.30% $6.25 lynas rare earths limited

Pr/Nd oxide up again, market sentiment bullish, page-5

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    Hi Kitty, won't mining costs be split between last and current quarter?

    As mentioned in the December quarter, our first mining campaign at Mt Weld since 2008 commenced in January 2017. During February and March, Western Australia experienced heavy rainfall and as a result there were short delays to the mining campaign. However, the campaign is still running on schedule and is due to be completed by the middle of the June Quarter. Costs are expected to be within budget (approximately A$3m). The ore mined is of a particularly high grade and we have stockpiled ore at >24% REO, 18% to 24% REO, <18% REO.
 
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