Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — H1 2024 Earnings Presentation
16 slides from Lynas Rare Earths's earnings presentation, Feb 26, 2024
Slide 1: Lynas Rare Earths Limited 1H FY24 Results Presentation
Lynas Rare Earths Limited 1H FY24 Results Presentation 26 February 2024
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 FY24: A transitional period with significant progress on growth projects
1H FY24: A transitional period with significant progress on growth projects Malaysian operating licence updated Lynas Malaysia works to enable 10.5ktpa NdPr production capacity completed First feed of material introduced to new Kalgoorlie Facility Mt Weld exploration drilling program completed Mt We
Slide 5: Financial Results: 1H FY24
Financial Results: 1H FY24 Profit Sales Revenue $39.5m $234.8m 1H FY23 NPAT: $150.1M 1H FY23: $370.0M EBITDA Cash and Short Term Deposits $62.6m $686.1m 1H FY23: $189.0M 1H FY23: $934.2M 55
Slide 6: Growing market demand for rare earths
Growing market demand for rare earths 2023 = 45% higher NdPr demand than 2019 (pre-COVID) Modest growth in 2023 mainly due to subdued economic conditions in China NdPr market growth projections require current supply* to grow by 81% by 2035 to meet forecast demand * Project Blue Energy transition ou
Slide 7: Increasing scale and capacity to meet forecast demand growth
Increasing scale and capacity to meet forecast demand growth Texas, U.S. Malaysia Facility Separation & finishing Facility Processing & separation Product LRE, HRE Product LRE, SEG Planned project Operational (expansion in Status (2025 – 2026 expected start Status up) progress) Target Target ~1.3ktp
Slide 8: Updated operating licence provides pathway for continued operations in Malaysia
Updated operating licence provides pathway for continued operations in Malaysia Variation to Lynas Malaysia’s operating licence announced on 24 October 2023 Allows for continued import and processing of Lanthanide Concentrate from Lynas’ Mt Weld mine in Western Australia Under this operating licence
Slide 9: Successful execution of Lynas Malaysia's largest works program in over a decade
Successful execution of Lynas Malaysia’s largest works program in over a decade Capacity uplift works successfully and safely completed to enable separation capacity of approx 10,500 tonnes p.a. NdPr finished product Works to improve plant reliability and maintenance for the cracking and leaching al
Slide 10: First feed at Kalgoorlie Rare Earths Processing Facility
First feed at Kalgoorlie Rare Earths Processing Facility First feed of material from Mt Lynas Malaysia team members Mixed Rare Earth Carbonate Weld introduced in December supporting production ramp expected to be progressively 2023 up in Kalgoorlie introduced to Lynas Malaysia Construction activitie
Slide 11: Enhanced understanding of Mt Weld
Enhanced understanding of Mt Weld • 165 reverse circulation holes drilled (31,754m) to 200 metres below surface & below life of mine pit shell Carbonatite • 30 diamond drill holes (8,000m) targeting the area below and Boundary surrounding the 2018 Life of Mine (LOM) design Exploration RC Exploration
Slide 12: Mt Weld Expansion Project on track with construction underway
Mt Weld Expansion Project on track with construction underway Stage 1 focus on construction Ministerial Statement Process Plant Works Contract negotiations well and commissioning of received in December 2023 Approval received from WA advanced for new Mt Weld dewatering circuit to for Mt Weld Life of
Slide 13: U.S. Rare Earths Processing Facility progress with follow on contract from U.S. DoD
U.S. Rare Earths Processing Facility progress with follow on contract from U.S. DoD • Follow on contract signed with U.S. Department of Defense (DoD) for Heavy Rare Earths plant in Seadrift, Texas (announced 1 August 2023) • Expenditure-based contract under which all of Lynas’ properly allocable con
Slide 14: Our ESG Commitments
Our ESG Commitments Caring for our people: Making a positive Being an environmental Contributing to a contribution to our leader: sustainable future: • Focus on safety communities: • Environmental and • Contributing to supply chain • Providing highly skilled jobs • Local hiring regulatory compliance
Slide 15: Visit us at LynasRareEarths.com
Visit us at LynasRareEarths.com 15
Slide 16: 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