Lynas Corporation Limited

Stock Exchange Listing ASX: LYC Company profile

Lynas Corporation owns the richest known deposit of Rare Earths, also known as Lanthanides, in the world at Mount Weld, near Laverton in Western . This deposit underpins Lynas’ strategy to create a reliable, fully integrated source of Rare Earths supply from the mine through to customers in the global Rare Earths industry. Lynas has received all environmental approvals and commenced construction of a Concentration Plant at Mount Weld and an Advanced Materials Plant to process the Mount Weld concentrate through to final Rare Earths oxides in the Gebeng Industrial Estate, Kuantan, Pahang, .

The Company plans to become the benchmark for security of supply and a world leader in quality and environmental responsibility to an international customer base.

‘Rare Earths” is the term given to fifteen metallic elements known as the lanthanide series, plus yttrium. They play a key role in green environmental products, from energy efficient compact fluorescent light bulbs (CFLs) to hybrid cars, automotive catalytic converters and wind turbine generators. They are also essential in the development and manufacturing of many modern technological products, from hard disc drives to flat panel displays, iPods and magnetic resonance imaging (MRI) scans.

Click here to access the company's 2009 Annual Report (PDF 2.4MB)

Recent Developments Recent developments include: • Capital raising of approximately $450 million fully funded to phase, through a 1-for-1 non-renounceable pro-rata entitlement offer to Australian and New Zealand shareholders as well as an institutional placement all fully underwritten by JP Morgan • Recommencement of the Rare Earths Project with the engagement of United Group Limited (UGL) as the Engineering Contractor for the remainder of the Project, post quarter-end • Signing of a formal sale agreement to acquire all of the rights of CSBP Limited in relation to the mining leases located at Mount Weld to facilitate the potential development of the Crown Polymetallic Resource • The Supply Contract signed with Rhodia for the supply of Mount Weld Rare Earths to be produced by the Company’s subsidiary Lynas Malaysia Sdn Bhd in its Advanced Material Plant has been extended from a five year contract to a ten year contract • A Technical Cooperation Agreement with Rhodia signed to support operational planning, commissioning and ramp-up of the Advanced Material

Future Outlook

Key objectives for 2010 include securing additional off-take sales, completing construction of the Concentration Plant and nearing completion of construction Advanced Materials Plant, and developing the operational organisation within Lynas.

Significant Contractual Arrangements

Six customer agreements have been signed to date. Resources / Reserves Estimates Resource 12.24Mt at 9.7% REO at a 2.5% cut-off grade REO

This profile is provided by Lynas Corporation Limited; ASX takes no responsibility for the information included. Participation in this event should not be taken as an endorsement by ASX of the company.

Level 7, 56 Pitt Street, , New South Wales, 2000 Telephone: +61 2 8259 7177 Email: [email protected] Website: www.lynascorp.com