Ann: Partial Conversion of Convertible Bonds and Appendix 3B, page-58

While all attention is on NdPr, it will be interesting to see results in September Q of Lynas progress on improvements in Ce & La quality.

From the June Q report:
The improvement programs in Solvent Extraction (SX) include debottlenecking of the SX Upstream Circuits and the removal of impurities by solvent extraction instead of by pre-treatment in Product Finishing. New SX circuits to remove Al from Ce and Zn from La were successfully commissioned during the quarter. This is an important breakthrough and it will support significant improvements in finished product quality. In Product Finishing (PF), the refinement of processes to produce high quality Lanthanum and Cerium products continues. The benefits from the additional SX removal of impurities were realised late in the quarter.

From the D&D presentation:
Now operating with 2 single stage circuits in series to treat 50% of CeCl3

I believe the additional value from production of higher spec Ce (50% of Ce) and La could provide a pleasant surprise.