Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — H1 2025 Earnings Presentation
25 slides from Lynas Rare Earths's earnings presentation, Feb 26, 2025
Slide 1: Lynas Rare Earths Limited 1H FY25 Results Presentation
Lynas Rare Earths Limited 1H FY25 Results Presentation 26 February 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lynas Rare Earths Limited (ABN 27 009 066 648) (Lynas looking statements including projections, guidance on future earnings and estimates are provided or the Company) this presentation contains summary information about Lynas and its subsidiaries as
Slide 3: Acknowledgement of Country
Acknowledgement of Country You will need to 1. 2. Lynas xx Rare Earths acknowledges the Traditional Owners of the lands on which we live, work and meet, across Australia. We acknowledge and value Lynas’ Aboriginal and Torres Strait Islander employees, partners and communities and pay respect to thei
Slide 4: 1H FY25 Snapshot
1H FY25 Snapshot Increased NdPr Continued focus on safety & New capacity at each site production and sales community NdPr production up Mt Weld expansion Stage 1 Lynas’ Kalgoorlie Rare Earths 22% vs 1H FY24 (dewatering circuit) in production Processing Facility officially opened Kalgoorlie Facility
Slide 5: 1H FY25 Financials
1H FY25 Financials* Profitable in a challenging Production & sales Continuing to invest market outcomes improved Gross profit $49.0m Net sales revenue $254.3m Capital investment in property, plant, equipment & mine Cost of sales $205.3m development $267.0m Net profit before tax $7.0m Sales volume Nd
Slide 6: 1H FY25 Market
1H FY25 Market Demand continues to grow while Rare earths market dynamics are market prices have weakened complex Demand for rare earths continues to grow1 Rare earth magnet market is rapidly developing; high-tech manufacturers are increasing market share Supply side pressure resulted in average Inc
Slide 7: Mt Weld’s exceptional geology is the foundation of our business
Mt Weld’s exceptional geology is the foundation of our business • Contained TREO provides 20+ year mine life at expanded production rates^ • High grade ores supports efficient operations • Rare earth element composition to meet market needs (heavy & light) ^See Appendix A 7
Slide 8: Mt Weld Mineral Resource and Ore Reserve Update
Mt Weld Mineral Resource and Ore Reserve Update^ 5 August 2024 Mineral Resources estimate now 106.6 million Ore Reserves now 32.0 million tonnes tonnes* of weathered laterite zone near surface and fresh carbonatite zone below Ore Reserves now 2.06 million tonnes TREO, successfully adding reserves an
Slide 9: Exploration program enhances understanding of Mt Weld geology
Exploration program enhances understanding of Mt Weld geology^ • Cost effective brownfield program, drilling up to 1000m around and 200m below the existing open cut mine, has added significant resources. • Reverse circulation (RC) drilled holes replaced old air core (AC) drilling, providing more geo
Slide 10: Mt Weld contains Heavy Rare Earth Elements that are in demand
Mt Weld contains Heavy Rare Earth Elements that are in demand^ • Expansive Heavy Rare Earth (HRE) mineralisation identified within the Life of Mine pit shell • HRE halo surrounds the operating open cut mine within 500m and up to 70m below current mine pit • Ore reserve grades increased to 400ppm dys
Slide 11: Carbonatite inferred mineral resource provides potential new options for mining & processing
Carbonatite inferred mineral resource provides potential new options for mining & processing^ open cut mine in • Rare earth mineralisation in fresh carbonatite cross section resources occurs below the Life of Mine ore reserve in weathered saprolite (currently visible on the mine pit floor) • TREO gr
Slide 12: Mt Weld - Expanding to meet future demand
Mt Weld - Expanding to meet future demand The Mt Weld Expansion project will deliver: • Increased Capacity • Improved Efficiency • Enhanced Sustainability 12
Slide 13: Capacity
Capacity Stage 1 (Dewatering circuit) operational • Dewatering circuit successfully commissioned and integrated into operations • Delivered new capacity with performance exceeding design basis • Delivering on our strategy of staged construction and progressively commissioning circuits to reduce exec
Slide 14: Efficiency
Efficiency Crusher Circuit being commissioned • Progressive commissioning of Stage 2 (Balance of plant) enables a low risk ramp-up • Transition from mobile crushing to an automated crushing circuit direct to mill drives cost efficiencies Ore from Mine into Crusher Bin Crushed through mineral sizer S
Slide 15: Capacity & Efficiency
Capacity & Efficiency New grinding circuit to deliver step-change in throughput and efficiency • SAG and Ball mills will enable 4x increase in throughput capacity • Regrind mill will improve rare earth mineral liberation and recovery of fine particles • Regrind mill will enable tailings reprocessing
Slide 16: Capacity & Efficiency
Capacity & Efficiency 4th Generation flotation circuit to deliver enhanced capacity, efficiency and flexibility • 10 years of learnings incorporated into design • High-shear flotation cells for enhanced efficiency in fine particle flotation • Circuit flexibility for a range of ore types, including a
Slide 17: Sustainability
Sustainability Improving water management & recycling • High efficiency bore water treatment plant designed to deliver 85% recovery • State of the art recycle water treatment plant designed to deliver 90% recycle water recovery • Tailings dams expanded to support successful mud farming initiatives a
Slide 18: Sustainability
Sustainability Mt Weld hybrid power station 65MW gas-firmed hybrid renewable power plant progressing as planned: • Gas generators installed and commissioning well progressed • Earthworks in progress for 6.6MW solar farm • Wind turbine access road and hardstand works commenced • Power station expecte
Slide 19: Capacity uplift to meet future demand
Capacity uplift to meet future demand Continuous production commenced at Kalgoorlie Rare Earths Processing Facility Rare earths industry first rotainer Waste gas treatment plant removes impurities from gas system for concentrate handling from in the rotary kiln before being released as steam the Mt
Slide 20: Significance of Kalgoorlie Facility recognised by local, state and federal governments
Significance of Kalgoorlie Facility recognised by local, state and federal governments Australia’s only downstream rare earths processing facility was officially opened by the Australian Minister for Resources and Northern Australia, the Hon. Madeleine King MP, on 8th November 2024 2020
Slide 21: Added capacity and efficiency at Lynas Malaysia
Added capacity and efficiency at Lynas Malaysia MREC receival facility New rotary furnaces for product finishing MREC receival facility is operational New rotary furnaces installed to increase Product Finishing efficiency 21 21
Slide 22: Expanded product range and sustainability at Lynas Malaysia
Expanded product range and sustainability at Lynas Malaysia New Dy/Tb separation circuit Rooftop solar panels Substantial progress on installation of new Dy/Tb Focus on clean energy with 0.75MW rooftop solar array separation circuit to increase product range; Commissioning and ramp up expected mid-C
Slide 23: Caring for our communities
Caring for our communities The Kalgoorlie team at the annual Kalgoorlie-Boulder Christmas in the Park event, our 3rd year Our Australian employees participating in the Ronald McDonald ‘Home for Dinner’ program, sponsoring this special event. feeding children and their families at Ronald McDonald Hou
Slide 24: Visit us at LynasRareEarths.com
Visit us at LynasRareEarths.com 24
Slide 25: Appendix A: JORC Compliance and Competent Person’s Statement
Appendix A: JORC Compliance and Competent Person’s Statement Exploration Results The information in this report is based on, and fairly represents information and supporting documentation jointly prepared by Marcelle Watson, Geology Manager, and Dr. Ganesh Bhat, Principal Resource Geologist. Marcell