Corporate Office
Telephone:
+61 2 8259 7100
Level 7
Facsimile:
+61 2 8259 7199
56 Pitt Street
Website:
Sydney NSW 2000
ACN:
009 066 648
AUSTRALIA
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18 April 2008
Investors support Lynas; share placement raises more than $90 million
ASX 200 mining company, Lynas Corporation has received an overwhelming vote of confidence
by investors with a successful share placement which raised more than $90 million.
75 million ordinary shares were placed overnight at an issue price of $1.26 per share, raising
$94.5 million.
The book build was heavily oversubscribed with 75 bids from both domestic and international
institutions. Existing investors supported the transaction and a number of new investors have been
introduced onto the register.
Lynas Executive Chairman, Nicholas Curtis said: “I am delighted with the strong institutional
support which reaffirms the confidence in the company’s unique business proposition as an
emerging global supplier of Rare Earths.”
The equity raising ensures Lynas has sufficient capital available to fund the Rare Earths project
through to start of production.
The placement was lead managed by Morgan Stanley.
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About Lynas Corporation
Lynas owns the richest deposit of
Rare Earths, also known as Lanthanides, in the world at
Mount Weld, near Laverton in Western Australia. This deposit underpins Lynas’ strategy to create
a reliable, fully integrated source of Rare Earths supply from the mine through to customers in the
global Rare Earths industry.
The mining contractor has commenced mining with first ore placed on the stockpiles in December
2007. Lynas has received all environmental approvals to build a concentration plant at Mount
Weld and an Advanced Materials Plant to process the Mount Weld concentrate through to final
Rare Earths oxides in the Gebeng Industrial Estate, Kuantan, Pahang, Malaysia. The company
plans to become the benchmark for security of supply and a world leader in quality and
environmental responsibility to an international customer base.
‘Rare Earths’ is the term given to fifteen metallic elements known as the lanthanide series, plus
yttrium. They play a key role in green environmental products, from energy efficient compact
fluorescent light bulbs (CFLs) to hybrid cars, automotive catalytic converters and wind turbine
generators. They are also essential in the development and manufacturing of many modern
technological products, from hard disc drives to flat panel displays, iPods and magnetic resonance
imaging (MRI) scans.
For further information please contact Nicholas Curtis on +61 (0)2 8259 7100 or visit
NEWS 
