Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — H1 FY2025 Earnings Presentation
26 slides from Lynas Rare Earths's earnings presentation, Feb 27, 2025
Slide 1: Re-release of ASX Announcement
27 February 2025 RE-RELEASE OF ASX ANNOUNCEMENT Lynas Rare Earths Ltd (ASX: LYC, OTC:LYSDY) (“Lynas”) refers to its ASX Announcement dated 26 February 2024 titled “Lynas Rare Earths FY25 Half Year Presentation”. The Announcement has been amended on page 11 to update the caption to the core sample im
Slide 2: Lynas Rare Earths Limited 1H FY25 Results Presentation
For personal use only Lynas Rare Earths Limited 1H FY25 Results Presentation 26 February 2025
Slide 3: 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 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: 1H FY25 Snapshot
1H FY25 Snapshot Increased NdPr Continued focus on safety & New capacity at each site production and sales community For personal use only NdPr production up Mt Weld expansion Stage 1 Lynas’ Kalgoorlie Rare Earths 22% vs 1H FY24 (dewatering circuit) in production Processing Facility officially opene
Slide 6: 1H FY25 Financials
1H FY25 Financials* Profitable in a challenging Production & sales Continuing to invest market outcomes improved For personal use only 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
Slide 7: 1H FY25 Market
1H FY25 Market For personal use only 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 r
Slide 8: Mt Weld's exceptional geology is the foundation of our business
Mt Weld’s exceptional geology is the foundation of our business For personal use only • 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 9: Mt Weld Mineral Resource and Ore Reserve Update August 24
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 For personal use only tonnes* of weathered laterite zone near surface and fresh carbonatite zone below Ore Reserves now 2.06 million tonnes TREO, successfu
Slide 10: 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 For personal use only added significant resources. • Reverse circulation (RC) drilled holes replaced old air core (AC) drilli
Slide 11: 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) For personal use only 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 i
Slide 12: Carbonatite inferred mineral resource provides potential new options
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 For personal use only in weathered saprolite (currently visible on the min
Slide 13: Mt Weld - Expanding to meet future demand
Mt Weld - Expanding to meet future demand For personal use only The Mt Weld Expansion project will deliver: • Increased Capacity • Improved Efficiency • Enhanced Sustainability 12
Slide 14: Capacity: Dewatering circuit operational
Capacity Stage 1 (Dewatering circuit) operational • Dewatering circuit successfully commissioned and integrated into operations For personal use only • Delivered new capacity with performance exceeding design basis • Delivering on our strategy of staged construction and progressively commissioning c
Slide 15: Efficiency: Crusher circuit being commissioned
Efficiency Crusher Circuit being commissioned • Progressive commissioning of Stage 2 (Balance of plant) enables a low risk ramp-up For personal use only • Transition from mobile crushing to an automated crushing circuit direct to mill drives cost efficiencies Ore from Mine into Crusher Bin Crushed t
Slide 16: Capacity & Efficiency: New grinding circuit
Capacity & Efficiency New grinding circuit to deliver step-change in throughput and efficiency • SAG and Ball mills will enable 4x increase in throughput capacity For personal use only • Regrind mill will improve rare earth mineral liberation and recovery of fine particles • Regrind mill will enable
Slide 17: Capacity & Efficiency: 4th generation flotation circuit
Capacity & Efficiency 4th Generation flotation circuit to deliver enhanced capacity, efficiency and flexibility For personal use only • 10 years of learnings incorporated into design • High-shear flotation cells for enhanced efficiency in fine particle flotation • Circuit flexibility for a range of
Slide 18: Sustainability: Improving water management & recycling
Sustainability Improving water management & recycling • High efficiency bore water treatment plant designed to deliver 85% recovery For personal use only • State of the art recycle water treatment plant designed to deliver 90% recycle water recovery • Tailings dams expanded to support successful mud
Slide 19: Sustainability: Mt Weld hybrid power station
Sustainability Mt Weld hybrid power station For personal use only 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 •
Slide 20: Capacity uplift: Continuous production at Kalgoorlie facility
Capacity uplift to meet future demand Continuous production commenced at Kalgoorlie Rare Earths Processing Facility For personal use only Rare earths industry first rotainer Waste gas treatment plant removes impurities from gas system for concentrate handling from in the rotary kiln before being rel
Slide 21: Significance of Kalgoorlie Facility recognised by governments
Significance of Kalgoorlie Facility recognised by local, state and federal governments For personal use only 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
Slide 22: Added capacity and efficiency at Lynas Malaysia
For personal use only 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 23: Expanded product range and sustainability at Lynas Malaysia
Expanded product range and sustainability at Lynas Malaysia For personal use only 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
Slide 24: Caring for our communities
Caring for our communities For personal use only 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
Slide 25: Visit us at LynasRareEarths.com
For personal use only Visit us at LynasRareEarths.com 24
Slide 26: 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