Lynas Rare Earths LimitedASX: LYC

Letter of Award - Mount Weld Concentration Plant

· Issued by Lynas Rare Earths Limited

Filed with ASX · · 2 pages · English

Summary by 6ix AI

Lynas Rare Earths Limited has issued a letter of award to Abesque Engineering Ltd for a lump sum contract to complete the engineering design and construction of the Mount Weld Concentration Plant. This new contract replaces existing separate contracts and aims to reduce the risk of budget variations. The contract amount is within Lynas' budget for the plant's capital costs, which are significant for the project. The Executive Chairman expressed satisfaction with the new phase of collaboration with Abesque, emphasizing timely and budget-friendly completion.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

On 6ix: 6ix.com/news/letter-of-award-mount-weld-concentration-plant

Lynas Rare Earths Limited on 6ix