Lynas Rare Earths FY25 Half Year Presentation
| Stock | Lynas Rare EARTHS Ltd (LYC.ASX) |
|---|---|
| Release Time | 26 Feb 2025, 8:04 a.m. |
| Price Sensitive | Yes |
Lynas Rare EARTHS Ltd FY25 Half Year Presentation
- Kalgoorlie Rare Earths Processing Facility officially opened
- Mt Weld Mineral Resource and Ore Reserve Update with 20+ year mine life
- Mt Weld expansion Stage 1 (dewatering circuit) in production
- New Dy/Tb separation circuit installed for commissioning and ramp up mid-CY2025
Lynas Rare Earths Ltd has announced its FY25 half-year results, highlighting several key developments. The company's Kalgoorlie Rare Earths Processing Facility was officially opened in 2024, marking a significant milestone. The Mt Weld Mineral Resource and Ore Reserve Update was also released, indicating a 20+ year mine life at expanded production rates. The Mt Weld expansion project is progressing, with Stage 1 (dewatering circuit) now operational and delivering new capacity. At Lynas Malaysia, the company has increased SX and PF production, and a new Dy/Tb separation circuit is being installed for commissioning and ramp-up in mid-2025. The company also continued its focus on safety and community engagement, with 1 million hours LTI-free at Mt Weld and the 5th round of Lynas' WA Local Giving grants, as well as supporting 800 Malaysian students with school supplies.
NdPr production up 22% vs 1H FY24, NdPr family sales volume up 23% vs 1H FY24, sales revenue up 8% vs 1H FY24 (financial year 2025 half-year period).
Lynas continues to invest in capacity, efficiency, and sustainability initiatives at its Mt Weld and Kalgoorlie operations, as well as expansion projects at its Lynas Malaysia facility, to meet growing demand for rare earths.