Lynas Rare Earths Limited (AU:LYC) has released an update.
Lynas Rare Earths Ltd has reported a substantial 92% increase in Mineral Resources and a 63% increase in Ore Reserves at their Mt Weld site, signalling a significant expansion in rare earths availability crucial for tech and electric vehicle industries. The updated estimates ensure a mine life of over 20 years at increased production rates, underpinning Lynas’ position as a key supplier capable of meeting growing market demands for rare earth materials. This positive update reflects extensive drilling efforts and improved extraction efficiencies, positioning Lynas to support their customers’ needs well into the future.
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