Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — Shareholder Meeting (November 2024)
45 slides from Lynas Rare Earths's shareholder meeting presentation, Nov 27, 2024
Slide 1: Lynas Rare Earths Limited Annual General Meeting
For personal use only Lynas Rare Earths Limited Annual General Meeting 27 November 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lynas Rare Earths Limited (ABN 27 009 066 648) (Lynas as a general guide only and should not be relied upon as an indication or guarantee of future or the Company) this presentation contains summary information about Lynas and its subsidiaries perfor
Slide 3: Acknowledgement of Country
Acknowledgement You will need to of Country For personal use only 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 a
Slide 4: Chair's address
Chair’s address John Humphrey For personal use only
Slide 5: FY24 Operational highlights
FY24 Operational highlights Continuing C&L operations in Malaysia following licence variation For personal use only Total costs reduced by 17% FY24 compared to FY23 due to focus on efficiencies Construction complete and commenced production at new Kalgoorlie Facility Major upgrade works completed at
Slide 6: Increasing sustainability in our operations
Increasing sustainability in our operations For personal use only 0.75MW rooftop solar panel 65MW Mt Weld hybrid power station installation underway at in progress with Zenith Energy Lynas Malaysia 6
Slide 7: Building prosperity in our communities
Building prosperity in our communities For personal use only 75% $10.1m $400k 40 invested in community Lynas Local Giving local suppliers in invested in R&D in community grants FY24 FY24 support and initiatives in FY24 since 2022 $84.1m 93% 1117 paid in employee $61.9m of employees are Employees glo
Slide 8: CEO presentation
CEO presentation Amanda Lacaze For personal use only
Slide 9: Lynas 2025 growth plan: years of progress
For personal use only Lynas 2025 growth plan: 5 years of progress
Slide 10: Lynas 2025 growth plan objectives
Lynas 2025 growth plan objectives 1 A larger business to meet forecast demand growth For personal use only 2 Diversified industrial footprint with processing facilities in optimal locations 3 Supplier of choice to strategic customers with a fit for market product portfolio 4 Enhanced performance thr
Slide 11: A larger business to meet forecast demand growth
1 A larger business to meet forecast demand growth For personal use only Mt Weld Expansion New Kalgoorlie Rare Earths Kuantan Facility Expansion Processing Facility 11
Slide 12: Mt Weld Mineral Resource and Ore Reserve Update 2024
Mt Weld Mineral Resource and Ore Reserve Update 2024^ For personal use only 92% increase 63% increase 46% increase in mineral resources in ore reserves from in TREO from August from June 2018* June 2018** 2018 92% increase >35 year >20 year in contained Dy oxide Ore Reserve mine life Ore Reserve min
Slide 13: Mt Weld Mineral Resource distribution
Mt Weld Mineral Resource distribution^ Extensive drilling program Enhanced understanding of mineralogy Expansive HRE halo For personal use only complete, over 84,000m in ore zones identified and scoped Plan view of hole collar points at Mt Weld. Current mined pit (grey) and dolerite dyke (green) dis
Slide 14: Mt Weld in 2019
For personal use only Mt Weld in 2019 14
Slide 15: Mt Weld today
Mt Weld today TSF3 For personal use only Filter building Stage 2 (grinding and flotation) Crusher pad 2019 TSF4 (under construction) Hybrid Power Station (under construction) New concentrate shed Expansion warehouse 15
Slide 16: Mt Weld expansion Stage complete and operational
Mt Weld expansion Stage 1 complete and operational For personal use only 16
Slide 17: Mt Weld expansion Stage on track
Mt Weld expansion Stage 2 on track For personal use only 17
Slide 18: Mt Weld Expansion flythrough
Mt Weld Expansion flythrough For personal use only Video available at: https://www.youtube.com/@LynasTV 18
Slide 19: Lynas Malaysia in 2019
Lynas Malaysia in 2019 For personal use only 19
Slide 20: Lynas Malaysia today
Lynas Malaysia today Plume from stack is water vapor (“steam”) WLP Permanent Disposal Facility under construction For personal use only Previous WLP Residue NUF storage facility Storage Facility MREC receival Waste gas treatment stacks Kilns Product finishing Primary and secondary leaching Onsite la
Slide 21: Increasing capacity to 10.5Kt p.a. NdPr
Increasing capacity to 10.5Kt p.a. NdPr For personal use only New robotic arm to lift crucibles New solvent extraction circuit 21
Slide 22: Lynas Malaysia flythrough
Lynas Malaysia flythrough For personal use only Video available at: https://www.youtube.com/@LynasTV 22
Slide 23: Diversified industrial footprint with processing facilities in optimal locations
2 Diversified industrial footprint with processing facilities in optimal locations United States For personal use only ~1.3ktpa NdPr Target finished product Processing Malaysia Capacity ~2.5 - 3.0ktpa Malaysia HRE ~7ktpa ~7ktpa Target Target NdPr NdPr Processing Processing production production Capa
Slide 24: Lynas' Kalgoorlie Project in 2022
Lynas’ Kalgoorlie Project in 2022 For personal use only 24
Slide 25: Kalgoorlie Rare Earths Processing Facility today
Kalgoorlie Rare Earths Processing Facility today Plume from stack is water vapor (“steam”) For personal use only Automated filter press Rotainer logistics Waste gas treatment Onsite laboratory 110m long kiln 25 Photo: Kalgoorlie Facility Nov 2024
Slide 26: Kalgoorlie official opening
For personal use only Kalgoorlie official opening 8th November 2024 26
Slide 27: Lynas Kalgoorlie flythrough
Lynas Kalgoorlie flythrough For personal use only Video available at: https://www.youtube.com/@LynasTV 27
Slide 28: Progressing Lynas' U.S. Rare Earths Separation Facility project
Progressing Lynas’ U.S. Rare Earths Separation Facility project Partnering with the U.S. DoD to deliver onshore Rare Earths Processing For personal use only April 2020 July 2020 January 2021 June 2022 August 2023 March 2024 August 2024 Lynas announces Phase 1 HRE LRE separation facility $120m HRE aw
Slide 29: Supplier of choice to strategic customers with a fit for market product portfolio
3 Supplier of choice to strategic customers with a fit for market product portfolio For personal use only Dy and Tb to be produced at Lynas Malaysia for first time in CY2025 Photos; HRE separation circuit at Lynas Malaysia 29
Slide 30: $10m R&D investment in FY24
$10m R&D investment in FY24 For personal use only Process of the future Business of the future • Lower unit cost • New products • Lower GHG emissions • New markets e.g. catalysts • Reduced residues/by- for Green Hydrogen products • Reduced water and • Partnerships with industry chemical and research
Slide 31: Enhanced performance through the cycle
4 Enhanced performance through the cycle For personal use only 300% Production Volume REOt Lynas NdPr Production Cost EBITDA & NdPr market price 8,000 Index: 100=Average 2016 250% 700 110 7,000 600 90 6,000 200% 500 70 5,000 400 50 A$’mil 150% 30 US$/kg 4,000 300 3,000 10 100% 200 -10 2,000 100 -30
Slide 32: Investing for growth
5 Investing for growth For personal use only $1.45 billion invested from 2019 to 2024 External funding USA development • A$425m equity raising • United States • Approx A$213m JARE equity investment Government funding Operating cashflow • A$34.8m Australian Government MMI grants of US$288m 32
Slide 33: Fit for the future
For personal use only Fit for the future
Slide 34: Positioned to meet market needs
Positioned to meet market needs Rare earths market demand continues to grow Long term forecast for rare earths in magnets Supply requirements to 2050 For personal use only (kt REE) Source: Project Blue 34
Slide 35: Productive, profitable and growing
Productive, profitable and growing Low cost producer For personal use only 20-year life of mine at 12,000 tpa NdPr Expanded operating footprint Increased product range (LRE & HRE) Transitioning to clean energy sources 35
Slide 36: Lynas Rare Earths Limited Annual General Meeting
For personal use only Lynas Rare Earths Limited Annual General Meeting 27 November 2024
Slide 37: Resolution – Remuneration Report
Resolution 1 – Remuneration Report This resolution is seeking approval for adoption of the 2024 Remuneration Report which is set out in the Annual Report. The Remuneration Report sets out specific details of the Company’s remuneration For personal use only framework in the year ended 30 June 2024. P
Slide 38: 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 2024 be adopted.” 38
Slide 39: Resolution – Re-election of Philippe Etienne as a Director
Resolution 2 – Re-election of Philippe Etienne as a Director Mr Etienne joined the Company as a Non-Executive Director on 1 January 2015. He is a Non-Executive Director and Chair of Cleanaway Waste Management Limited (appointed Chair 20 September 2023) and Non-Executive Director of For personal use
Slide 40: Text of Resolution – Re-election of Philippe Etienne as a Director
Text of Resolution 2 – Re-election of Philippe Etienne as a Director For personal use only "That Philippe Etienne, having retired as a director of the Company pursuant to Article 13.2 of the Company’s Constitution and, being eligible, having offered himself for re-election, be appointed as a directo
Slide 41: Resolution – Grant of Performance Rights for CEO Amanda Lacaze
Resolution 3 – Grant of Performance Rights for the benefit of CEO & Managing Director – Amanda Lacaze For personal use only The Company proposes to issue up to 421,363 Performance Rights for the benefit of its CEO and Managing Director, Amanda Lacaze. Each Performance Right is a right to acquire one
Slide 42: Text of Resolution – Grant of Performance Rights for CEO
Text of Resolution 3 – 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 t
Slide 43: Lynas Rare Earths Limited Annual General Meeting
For personal use only Lynas Rare Earths Limited Annual General Meeting 27 November 2024
Slide 44: Visit us at LynasRareEarths.com
For personal use only Visit us at LynasRareEarths.com 44
Slide 45: Appendix A: JORC Compliance and Competent Person's Statement
Appendix A: JORC Compliance and Competent Person’s Statement For personal use only 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 Resou
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