Mined ore is stockpiled by type & grade, now screened in situ....

Mined ore is stockpiled by type & grade, now screened in situ. Last campaign averaged 17.3% although they mined areas +24%.

Stockpiled ore blended pre concentration to produce a consistent feedstock, and obviously utilise lower grade material.

We only know the current expansion is adding 100tpm NdPr/1200tpm but presuming pro rata suggests ~5ktpa total REO production broadly requiring 40ktpa mined ore.

Permit expansion would allow for a further 20ktpa REO production beyond LynasNext, just being a good boy/girl scout.