Lynas Rare Earths Ltd (ASX: LYC, OTC:LYSDY) celebrated the official opening of the Kalgoorlie Rare Earths Processing Facility on Friday (8 November) with a ceremony officiated by the Australian Resources Minister Hon Madeleine King MP, chair of the Lynas Rare Earths board John Humphrey, and Lynas chief executive officer and managing director Amanda Lacaze.
The Kalgoorlie Rare Earths Processing Facility is a key part of the Lynas 2025 growth plan that was first announced in May 2019. The AUD800 million large-scale facility was delivered in less than two and a half years after receiving full construction approvals.
Commenting on the official opening, Amanda Lacaze said, “This was an ambitious project which established downstream rare earths processing in Australia for the first time. It was a foundational project for our Lynas 2025 growth strategy and a significant financial investment for Lynas and our shareholders.
“I’m proud of the way our team embraced the challenge. We have created a state-of-the-art rare earths processing facility and a new, future-facing industry for the City of Kalgoorlie-Boulder.
“To construct, commission and bring into production a facility of this scale in just over two and a half years is truly remarkable. I’m enormously proud of what we have achieved. The Facility is fully commissioned and producing and we have a great production team in place. Today’s ceremony to officially open the facility is an exciting milestone and we thank Minister King for joining us to mark this special occasion.
“As the only significant ex-China producer of separated rare earths, Lynas plays an important role in the global rare earths supply chain. The Mixed Rare Earth Carbonate produced in Kalgoorlie is shipped to our Malaysian Facility for separation into individual products, and in future will supply our planned US Facility.
“We thank the Australian Government, the Western Australian Government and the City of Kalgoorlie Boulder for their support in the development of the Kalgoorlie Rare Earths Processing Facility.”
Source: Lynas (Press Release)
