Ann: Share Price Update, page-86

Nd Pr is main revenue source. La Ce secondary.

Storage issues (some of the residues are radioactive) were the rallying cry for massive politically-orchestrated opposition to the building of the LAMP and granting of its operating license. Now the opposition has control of government and is again talking about storage issues, etc. If Mahathir were not leading PH coalition, a fact that can only be described as bizarre, this win would be very very unlikely and would certainly have caused a much worse sell-off. Storage issues are the number one risk for Lynas. This election just made them more important.

Without Condisoil, they have no means of commercializing residues (very common, very sustainable, occasionally profitable) and getting them off site. Without Condisoil, they have a lot of waste they will have to pay to dispose of properly. So, yes, that would increase cost of production.

Pretty basic stuff.