Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — Shareholder Meeting (November 2025)
35 slides from Lynas Rare Earths's shareholder meeting presentation, Nov 26, 2025
Slide 1: Lynas Rare Earths Limited Annual General Meeting
For personal use only Lynas Rare Earths Limited Annual General Meeting 26 November 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lynas Rare Earths Limited (ABN 27 009 066 648) (Lynas “opinion”, “consider”, “predict”, “plan”, “scenario”, “project”, “outlook”, “guidance”, “forecast”, or the Company). This presentation contains summary information about Lynas and its “anticipate”
Slide 3: Disclaimer cont.
Disclaimer cont. No representation, warranty or assurance (express or implied) is given or made in relation to any The distribution of this presentation in jurisdictions outside Australia may be restricted by law and forward-looking statement by any person (including Lynas or any of its advisers). I
Slide 4: Acknowledgement of Country
Acknowledgement of Country You will need to 1. 2. For personal use only 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 a
Slide 5: Chair's address
For personal use only Chair’s address John Humphrey
Slide 6: FY25 Financial snapshot
FY25 Financial snapshot You will need to For personal use only Net Profit After Tax Sales Revenue $8.0m $556.5m FY24 NPAT: $84.5M FY24: $463.3m EBITDA Cash and Short Term Deposits $101.2m $166.5m FY24: $132.1m 30 June 2024: $523.8M 66
Slide 7: Safety in focus
Safety in focus Ensuring everyone goes home safe and well everyday is a core value at Lynas For personal use only FY25 Safety performance Key focus areas include TRIFR: 3.6^ LTIFR: 1.8^ Safety programs to ensure our people are confident in identifying and managing hazards FY24: 5.0^ FY24: 1.04^ Oper
Slide 8: FY25 Operations snapshot
FY25 Operations snapshot 10,462t 6,558t For personal use only Total REO production NdPr production FY24: 10,908 tonnes FY24: 5,655 tonnes $50.6 $430.8m Average selling price Capital invested in per kg REO property, plant, equipment & mine development FY24: $38.1/kg 30 June 2024: $579.3m 88
Slide 9: CEO presentation
For personal use only CEO presentation Amanda Lacaze
Slide 10: NdPr demand forecast and geopolitics in 2025
NdPr demand forecast to increase materially (t REO)1,2 Geopolitics has shaped the market in 2025 For personal use only Demand for NdPr forecast to grow at ~6% CAGR to 2035 121,626 • Governments are seeking security of supply 66,754 and intervening in the market 46,249 • Rare earths have featured in
Slide 11: FY25 Key Operations Achievements
FY25 Key Operations Achievements Expanding our operating Growing with the market Developing a sustainable footprint supply chain For personal use only Mt Weld expansion construction largely First separated Heavy Rare Earths Engaged with governments, end complete: oxides produced at Lynas Malaysia: c
Slide 12: Lynas 2025 growth initiative largely complete
Lynas 2025 growth initiative largely complete Cracking & Leaching, For personal use only Mine & Concentrator Separation & Product Finishing Kalgoorlie Malaysia Mt Weld LYC to provide images ✓ ✓ Expansion of Mt Weld processing nameplate capacity to support Uplift in nameplate production capacity to 1
Slide 13: Expanded Mt Weld operations
Expanded Mt Weld operations New plant constructed and progressively commissioned Wind turbines For personal use only Solar farm ROM Pad and Filter Circuit Crusher Ore mining re-commenced as part of 5-year mining contract with Carey Group Grinding & Flotation Expanded nameplate processing capacity to
Slide 14: Mt Weld power and water recycle infrastructure
Mt Weld power and water recycle infrastructure 24MW Mt Weld 7MW Mt Weld For personal use only Wind Farm Solar Farm constructed & being constructed & progressively commissioned commissioned 2,376 solar panel Four 6MW wind sections (with PPA turbines (with PPA partner Zenith partner Zenith Energy Ener
Slide 15: Kalgoorlie Rare Earths Processing Facility
Kalgoorlie Rare Earths Processing Facility Kalgoorlie Cracking & Leaching capacity supports expanded operations For personal use only Australia’s first downstream Rare Earths processing facility New facility constructed with nameplate capacity to Facility ramping up MREC Continuous flowsheet produce
Slide 16: Lynas Malaysia
Lynas Malaysia New processes and expanded production capacity For personal use only Record NdPr production New rotary furnaces in June quarter (2,080t); installed to increase now focused on Product Finishing stabilising production at efficiency the higher run rate First MREC from Solvent Extraction
Slide 17: First production of separated Heavy Rare Earths
First production of separated Heavy Rare Earths Lynas is now the only commercial producer of separated Dy & Tb ex-China Growing with the market For personal use only First separation of Dy oxide and Tb oxide in May and June 2025 17
Slide 18: Building prosperity in our communities
Building prosperity in our communities We care for the communities in which we work and live For personal use only 73% $13.7m $470k 56 invested in community Lynas Local Giving local suppliers in invested in R&D in community grants support and initiatives FY25 FY25 since 2022 in FY25 98% $96.1m of Ma
Slide 19: Continued engagement in U.S. market
Continued engagement in U.S. market U.S. advertising campaign launched For personal use only 19
Slide 20: Strategy: Towards 2030
For personal use only Strategy Towards 2030
Slide 21: Towards 2030 | Our growth ambitions
Towards 2030 | Our growth ambitions1 Harvest and Grow Harvest Optimise performance from Lynas 2025 Grow Growth pillars in Towards 2030 For personal use only Add Resource and Scale Ramp up assets in line with customer demand and market growth • Develop the Mt Weld Carbonatite with the objective to pr
Slide 22: Lynas has the assets and skills to capture market growth
Lynas has the assets and the skills to capture the benefits of market growth – now and in the future Globally unique & proven competence with a skilled and experienced 1 For personal use only The Lynas 2025 strategy and investments have ensured workforce we retain our ex-China market leading positio
Slide 23: Lynas Rare Earths Limited Annual General Meeting
For personal use only Lynas Rare Earths Limited Annual General Meeting 26 November 2025
Slide 24: Resolutions
For personal use only Lynas Rare Earths Limited Annual General Meeting Resolutions
Slide 25: Resolution – Remuneration Report
Resolution 1 – Remuneration Report This resolution is seeking approval for adoption of the 2025 Remuneration Report which is set out in the For personal use only 2025 Annual Report. The Remuneration Report sets out specific details of the Company’s remuneration framework in the year ended 30 June 20
Slide 26: Text of Resolution – Remuneration Report
Text of Resolution 1 – Remuneration Report For personal use only “That the Remuneration Report of the Company for the year ended 30 June 2025 be adopted.” 26
Slide 27: Re-election of Vanessa Guthrie as a Director
Resolution 2 Re-election of Vanessa Guthrie as a Director Dr Guthrie joined the Company as a Non-Executive Director on 1 October 2020. She is a Non-Executive Director of For personal use only Santos Limited and Orica Limited and the Deputy Chair of Cricket Australia and the Chancellor of Curtin Univ
Slide 28: Text of Resolution – Re-election of Vanessa Guthrie
Text of Resolution 2 Re-election of Vanessa Guthrie as a Director For personal use only "That Vanessa Guthrie, having retired as a director of the Company pursuant to Article 13.2 of the Company’s Constitution and, being eligible, having offered herself for re-election, be appointed as a director of
Slide 29: Election of Director Kathleen Bozanic
Resolution 3 Election of Director Kathleen Bozanic Ms Bozanic has over 30 years’ experience as a finance professional as Chief Financial Officer and For personal use only General Manager Finance of listed and private mining and contracting companies, including IGO Limited, BGC Contracting, Atlas Iro
Slide 30: Text of Resolution – Election of Kathleen Bozanic
Text of Resolution 3 Election of Director Kathleen Bozanic For personal use only “That Kathleen Bozanic, who was appointed by the Board as a new director of the Company since the previous Annual General Meeting, having offered herself for election, be appointed as a director of the Company.” 30
Slide 31: Grant of Performance Rights for CEO Amanda Lacaze
Resolution 4 Grant of Performance Rights for the benefit of CEO & Managing Director – Amanda Lacaze For personal use only The Company proposes to issue up to 185,448 Performance Rights for the benefit of its CEO and Managing Director, Amanda Lacaze. Each Performance Right is a right to acquire one s
Slide 32: Text of Resolution – Grant of Performance Rights
Text of Resolution 4 Grant of Performance Rights for the benefit of CEO & Managing Director – Amanda Lacaze For personal use only “That pursuant to and in accordance with Listing Rule 10.14 of the ASX Listing Rules, and for all other purposes, the Company approves and authorises the Directors of the
Slide 33: Lynas Rare Earths Limited Annual General Meeting
For personal use only Lynas Rare Earths Limited Annual General Meeting 26 November 2025
Slide 34: Visit us at LynasRareEarths.com
For personal use only Visit us at LynasRareEarths.com 34
Slide 35: Appendix A: JORC Compliance and Competent Person's Statement
Appendix A: JORC Compliance and Competent Person’s Statement Exploration Results For personal use only 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 Resou
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