BRIEF-Lynas Posts Qtrly Gross Sales Revenue A$101.2M

Reuters04-24

April 24 (Reuters) - Lynas Rare Earths Ltd :

* QTRLY GROSS SALES REVENUE A$101.2M

* QUARTERLY TOTAL REO PRODUCTION 3,545 REOT

* QTRLY NDPR PRODUCTION 1,724 REOT

* MT WELD EXPANSION PROJECT SCHEDULE REMAINS ON TRACK

* AT KALGOORLIE FACILITY, FINAL COMMISSIONING AND INITIAL PRODUCTION ACTIVITIES CONTINUED THROUGH QUARTER

* MT WELD EXPANSION PROJECT SCHEDULE REMAINS ON TRACK

* UPDATED PROJECT BUDGET FOR KALGOORLIE FACILITY IS ESTIMATED AT A CAPITAL COST OF A$800M

* DETAILED ENGINEERING, PROCUREMENT AND APPROVALS ACTIVITIES CONTINUED DURING QUARTER FOR U.S. RARE EARTHS PROCESSING FACILITY

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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