Lynas Rare Earths Limited operates the Mt. Weld mine. It appears there are 250 years worth of mineral reserves at Mt. Weld at the current production level at the Kalgoorie Plant. Lynas is increasing it processing capacity at Kalgoorie by 100% expected to come online in 2025. Lowers the mine life expectancy to 125 years. I don't think Lynas will be interested in our tonnage for some time to come unless we have one or more of the 17 types of REE's that Mt. Weld doesn't have. Maybe this mgmt group can raise $500 million for a processing plant but with the prices of REEs falling as more and more production comes online it would be iffy. i could be reading the figures wrong but would welcome any calculations you might have.
Lynas Rare Earths Limited operates the Mt. Weld mine. It appears...
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