Lynas Rare Earths (LYC) Diggers & Dealers Mining Forum presentation summary

Strategic investments and operational expansion

• Major investments completed, including plant rebuild and expanded processing at Mt Weld, targeting 12kt p.a. NdPr finished product and over 20 years mine life at higher production rates.

• Kalgoorlie facility integrated into global operations, constructed with capacity for ~9ktpa NdPr finished product, and ramping up MREC production for Lynas Malaysia.

• Lynas Malaysia upgraded with new processes, increased capacity to 10.5ktpa, and first commercial separation of Dy and Tb oxides outside China.

• Over A$1.5 billion invested in expansion capital over the past five years, supporting growth across Mt Weld, Kalgoorlie, and Kuantan facilities.

Operational efficiency and sustainability

• Capacity increased through new filter building, crusher circuit, SAG and ball mills at Mt Weld.

• Efficiency improved with installation of regrind mill and flotation circuit.

• Sustainability enhanced by completion of a solar farm, installation of water treatment plants, and partial wind farm deployment in partnership with Zenith Energy.

Market dynamics and customer engagement

• Industry-shaping US government initiatives expected to expand the global rare earths market outside China.

• Customers increasingly aware of supply chain risks, driving demand from existing and new magnet projects.

• Growth in share from existing customers and greater focus on partnerships underpin significant value creation potential.