Proactiveinvestors recommends
Additional Information
Market:ASX
Sector:General Mining
EPIC:LYC
Latest Price: 0.88  (-4.32% Descending)
52-week High:2.37
52-week Low:0.87
Market Cap:1,517.42M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Lynas Corporation

Lynas Corporation (ASX: LYC) is focused on becoming a producer of rare earths, and holds one of the richest deposit of rare earths in the world at Mount Weld in Western Australia.

 

Pdf

Lynas Corporation first rare earth ore feed at Mount Weld expected late March

Monday, February 28, 2011
Lynas Corporation first rare earth ore feed at Mount Weld expected late March

Lynas Corporation (ASX: LYC, OTC: LYSDY) has forecast the first feed of ore into the Mount Weld Concentration Plant will be in the last week of March, a slight delay from the original timeline due to heavy rain in the area.

Most importantly, the mine site and the concentration plant have not been damaged by the flooding.

Mount Weld, owned by Lynas, is the richest known deposit of rare earths currently known in the world, located near Laverton in Western Australia.

The company has a strategy at the project to create a reliable, fully integrated source of rare earths supply from the mine through to customers.

The ore mined at Mount Weld will be concentrated in a concentration plant just 1.5 kilometres from the mine, before being shipped to the east coast of Malaysia to the Lynas Advanced Materials Plant.

The concentrate will then be separated into rare earths products.

Lynas said construction of the advanced mineral plant remains within budget, with the first feed of concentrate on target for the September quarter of 2011.

 

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.