FY23 FULL YEAR PRODUCTION IS ANTICIPATED TO REMAIN CONSISTENT WITH THAT ACHIEVED IN FY22 AT MALAYSIA PLANT
Given the disruptive nature of Lynas's multi-site project, and the fact that the timeline to completion will include all of FY23, I much appreciate this reassurance at this point in time. They seem to execute projects seamlessly. I imagine they have stockpiled a lot of ore concentrate at Mt Weld and also at KAL to feed both MAL and KAL. They will likely also have a lot of KAL carbonate material pre-sited at the LAMP for the switchover as well.
Going to be some interesting times FY23.
They gave an initial expectation of "feed on" at KAL occurring in 2022. Is that still possible?
LYC Price at posting:
$8.54 Sentiment: Buy Disclosure: Held
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