Shares in Lynas Rare Earths were slightly up on Monday, despite news the company's net profit after tax for the first half of the 2024 financial year was down 74 per cent.
Pilbara Minerals chairman Tony Kiernan will retire from the board in the new year, paving the way for former Lynas Rare Earths chair Kathleen Conlon to steer the lithium miner.
Venture Minerals has produced what it says are exceptional assays of up to almost 7400 parts per million total rare earth oxides in a maiden 25-hole RC drilling program at its new Jupiter target in Western Australia's Mid West region. Results reveal a remarkable consistency in multiple intercepts of between 12m and 32m thick and ranging on average between 2000ppm and 2500ppm TREO.
Drilling and geophysical surveys at Venture Minerals' new Jupiter prospect in Western Australia's Mid West region has revealed the strong possibility it may contain a clay-hosted and deep intrusive rare earths resource that warrants early follow-up drilling. The diversified metals explorer says air-core drilling results include a hole that intersected 28m at 2246ppm total rare earth oxides in clays.
The environmental regulator has waved through Lynas Rare Earths' proposal to significantly expand its Mt Weld mine and potentially switch the Laverton operation to hybrid renewable power.
Lynas Rare Earths' shares are surging after it secured a variation allowing it to continue importing and processing lanthanide concentrate from its Malaysian facility.
Our weekly appointments wrap includes Michael Holmes, Stuart Gula, Tress Walmsley, Lyndon Mickel, Paula Wilkinson, Mark McGowan, Peta Slocombe, Kaylene Gulich, Kathleen Conlon, John Humphrey and Richard Goyder.
Hancock Prospecting has labeled proposed federal industrial relations reform unclear and claimed it could delay the development of the Ridley magnetite project by four years.
The projected budget to build Lynas Rare Earths' Kalgoorlie processing facility has escalated to $780 million, up from the previous estimation of $575 million.
WA Premier Roger Cook believes the state has only “just scratched the surface” of its renewables potential as he outlines his vision for WA to become a global green energy superpower.
Lynas Rare Earths chief Amanda Lacaze ends the absence of female speakers at Diggers & Dealers, calling for more infrastructure investment to foster domestic critical minerals efforts.
Rare earths from Western Australia will be processed in Texas for defence and industrial needs under an updated contract with the United States government.
Falling demand in North Asia for elements used in industrial magnets, electric cars and defence technology have taken the shine off a production record for Lynas Rare Earths.
The first batch of mixed rare earth carbonate from the miner's Kalgoorlie processing facility will shift to the next financial year amid difficulties sourcing skilled staff needed for a key part of the build.
The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.
Asra Minerals' Mt Stirling project near Leonora in WA's Goldfields has thrown up traces of highly sought-after “heavy” rare earths in addition to lucrative scandium that stretches from only 2m below surface to the bottom of 40m drill holes. Headline drill numbers include 48m at 90 parts per million scandium oxide from 3m and 7m at 669ppm total rare earths and yttrium oxide from 5m.
Lynas Rare Earths has secured a major funding boost from a Japanese government-backed entity on the proviso that Japanese customers are given priority in future.
Lynas Rare Earths chief executive Amanda Lacaze plans to take legal action over conditions in the company's Malaysian licence that could force the closure of part of its processing operations.
Lynas Rare Earths has reported a bolstered sales revenue of $232.7 million in the December quarter, while its Malaysian operation hinges on a contract extension.
With an ever-increasing spotlight shining on rare earths, a former sleepy tourist town on the WA south coast could be on the cusp of becoming the next epicentre of a rare earths mineral boom. One of the major attractions of the area is the discovery of “clay-hosted” rare earths which, unlike their hard rock counterparts, can be considerably easier to mine – and they can exist in vast quantities.
Arafura Rare Earths says its Nolans project has the capacity to deliver strong financial returns after releasing a study with higher costs but increased revenue.
Business News has updated its listing of WA's biggest resources projects to incorporate a spate of new developments and analysed which projects are next.
Lynas Rare Earths has engaged a subsidiary of WestStar Industrial for fabrication work on a new Kalgoorlie processing facility, continuing the pair's business relationship.
The Amanda Lacaze-led miner is celebrating a record profit on the back of higher rare earths prices ahead of a year of big investment into expanding production capacity.
