Government Grant for Lynas Expansion Project

Lynas Rare Earths, a leading mining company, has secured a $20 million grant from the Federal Government's Modern Manufacturing Initiative. The grant will support the development of a new processing capability for apatite-rich ores at the Mt Weld ore body. The project, in collaboration with ANSTO and Mt Weld Mining, aims to create a two-circuit process to remove apatite and increase recoveries. The Apatite Leach Circuit will be established at the Mt Weld site, creating 90 jobs and contributing to the Mt Weld expansion project. Lynas will also partner with universities to optimize the circuit and up-skill students. The new circuits will unlock additional value from the ore body and extend the mine's operating life.