Ann: 2024 Mineral Resource and Reserve Update, page-12

These 3 paragraphs are why I'm not worried by some anonymous keyboard hero typing some bullshit to make himself sound important ...

Lynas CEO and Managing Director, Amanda Lacaze commented: “We are delighted to release the 2024Mineral Resources and Ore Reserves Statement which demonstrates the remarkable advantages of Lynas’Mt Weld deposit based on grades, total REO tonnage, NdPr content, and DyTb content. This updatedStatement provides a 20-year life of mine at 12,000 tpa NdPr finished product production capacity, providingconfidence to our customers that we can meet their needs for responsibly produced rare earth materials todayand tomorrow.

“The 92% increase in Mineral Resources and 63% increase in Ore Reserves from 2018 to 2024 demonstratesthe capability of our people to significantly improve orebody knowledge, assure ore reserves and continuouslyimprove reserve extraction efficiencies. Over 84,000 metres of drilling have been performed since the previousMineral Resource update in 2018 and the 2024 Mineral Resource includes mineralised clay zones above thesaprolite ore zone of up to 3% REO.

“The updated Ore Reserve includes a 92% increase in contained Dy oxide from 30 June 2018 to 30 June2024. Dy and Tb are essential for high performance rare earth permanent magnets used in electric vehiclesand essential for high-tech electronics. The increase in reserves ensures feed for the recently announcedDyTb separation circuit at Lynas Malaysia, supporting Lynas to serve the needs of existing customers andacquire new customers,” Ms Lacaze added.2024 Mt Weld Rare Earth Mineral Resource Over 84,000 metres of drilling was performed since the previous Mineral Resou