LYC 2.56% $6.10 lynas rare earths limited

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  1. 57 Posts.
    One of the main articles in the age this morning, at least its getting some
    recognition.


    Rare earths less so as Lynas lifts resource size
    January 18, 2012 - 9:32AM
    Read later
    Rare earths miner Lynas Corporation has significantly increased the estimated resources at its major Mount Weld project in Western Australia.

    Lynas is in the development phase of two rare earths projects, a concentration plant at Mt Weld and the Lynas Advanced Materials Plant (LAMP) in Malaysia.

    Rare earths are metallic elements and are used in products ranging from digital televisions, mp3 players and fluorescent light bulbs.

    Advertisement: Story continues below
    The company on Wednesday said the mineral resource estimate at Mt Weld was now 23.9 million tonnes, up 37 per cent from its previous estimate in September 2010.

    The increase comes after an extension drilling program at Mt Weld.


    Read more: http://www.theage.com.au/business/rare-earths-less-so-as-lynas-lifts-resource-size-20120118-1q5c2.html#ixzz1jl9GYBHc
 
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