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$6.97[ATTACH=full]194126[/ATTACH]."Capital expenditure of $267.0m was invested into Major Projects during the half year. Key growth project milestones achieved included successfully commissioning and integrating Stage 1 of the Mt Weld Expansion project into operations, ramping up production at the Kalgoorlie Rare Earths Processing Facility and the official opening of the Kalgoorlie Facility.“Significant milestones were also achieved at Lynas Malaysia, including commissioning and operating the new MREC receival facility, operating the new SX flowsheet and installing new equipment in Product Finishing. Substantial progress was made on installation of the new Dyand Tb separation circuit, with commissioning and ramp up expected in mid-CY2025.“During the period, we were pleased to announce a strong uplift in the Mt Weld mineral resource and ore reserve. The 2024 Mt Weld Mineral Resource and Reserve Update supports a 20+ year life of mine at the target 12,000 tpa NdPr finished product production capacity. This was the outcome of a multi-year exploration program that included over 84,000 metres of drilling and reported significant increases in Mineral Resource, Mineral Reserve and contained Heavy Rare Earth elements. The updated Statement provides confidence to our customers that we can continue to meet their needs for responsibly produced rare earth materials into the future. Our capital programme provides confidence we can process these materials efficiently and sustainably.“The Rare Earths market continues to be subject to complex influences. Conditions which may support improved market conditions include demand growth which continues in key sectors, proposed changes to the regulatory environment in China, and sustained support for supply chain development from key governments."
$6.97
[ATTACH=full]194126[/ATTACH]
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"Capital expenditure of $267.0m was invested into Major Projects during the half year. Key growth project milestones achieved included successfully commissioning and integrating Stage 1 of the Mt Weld Expansion project into operations, ramping up production at the Kalgoorlie Rare Earths Processing Facility and the official opening of the Kalgoorlie Facility.
“Significant milestones were also achieved at Lynas Malaysia, including commissioning and operating the new MREC receival facility, operating the new SX flowsheet and installing new equipment in Product Finishing. Substantial progress was made on installation of the new Dyand Tb separation circuit, with commissioning and ramp up expected in mid-CY2025.
“During the period, we were pleased to announce a strong uplift in the Mt Weld mineral resource and ore reserve. The 2024 Mt Weld Mineral Resource and Reserve Update supports a 20+ year life of mine at the target 12,000 tpa NdPr finished product production capacity. This was the outcome of a multi-year exploration program that included over 84,000 metres of drilling and reported significant increases in Mineral Resource, Mineral Reserve and contained Heavy Rare Earth elements. The updated Statement provides confidence to our customers that we can continue to meet their needs for responsibly produced rare earth materials into the future. Our capital programme provides confidence we can process these materials efficiently and sustainably.
“The Rare Earths market continues to be subject to complex influences. Conditions which may support improved market conditions include demand growth which continues in key sectors, proposed changes to the regulatory environment in China, and sustained support for supply chain development from key governments."
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