LYC 1.65% $7.75 lynas rare earths limited

Wesfarmers and Lynas, page-20

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    In addition, Mt Weld is a significant phosphate resource in its own right:

    "Mount Weld is one of the world's richest deposits of rare earth elements. It also contains a significant phosphate resource at the Swan, Coors and Crown deposits, with a total resource of 213 Mt at 13.9% P2O5."

    http://www.australianminesatlas.gov.au/aimr/commodity/phosphate.html

    "By 1984, Utah had calculated a substantial pre-JORC phosphate resource."

    "Over the following 15 years, further exploration was carried out by Wesfarmers-CSBP (who obtained the lease over the phosphate resources)"

    "In 2009, Lynas purchased the phosphate mining rights from Wesfarmers"

    Crown Deposit niobium, tantalum resources at January 2010 (Lynas Corp.)
    indicated + inferred resource - 37.7 Mt @ 1.07% Nb2O5, 1.16% TLnO, 0.09% Y2O3, 0.3% ZrO, 0.024% Ta2O5, 7.99% P2O5;
    Swan Deposit phosphate, as at March, 2011 (Lynas Corp.)
    indicated + inferred resource - 77 Mt @ 13.5% P2O5.


    http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn770

    Mt Weld is the gift that will keep on giving for decades.
 
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