Rare Earth Mining Project
Operating
TBD
Carbonatite
Bastnäsite / Monazite
Nd, Pr (Magnet Grade)
This project qualifies for the federal price-floor mechanism designed to de-risk production of the Magnet Four elements (Nd, Pr, Dy, Tb) and strengthen Western supply chain resilience.
Technical Breakdown: 2026 Rare Earth Underwriting SchemeMaiden mineral resource estimate established for the Crown Deposit carbonatite.
Western Australian mining lease approved, enabling construction.
Open-pit mining commenced; concentrate shipped to Gebeng for processing.
Lynas confirmed a massive xenotime/churchite annulus zone surrounding the Crown Deposit, with Dy2O3 contained up 92%. First meaningful change to deposit geometry in decades.
Commercial-scale separation of heavy rare earths (Dy, Tb) added to Gebeng refinery alongside existing LREE stream.
Full ramp-up of HREE output as xenotime blend is steadily increased in the mine feed.
March 2026 HREE upgrade: Lynas proved massive Xenotime/Churchite annulus zone — contained Dy₂O₃ up by 92%. Now targets Xenotime and Churchite (HREE-rich minerals) alongside traditional Monazite (LREE). Commercial HREE separation confirmed at Gebeng (Malaysia) for H2 FY2026.
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