6 January 2016
Lynas Corporation (ASX:LYC, OTC:LYSDY) is pleased to announce that NdPr production for the 6 months ended 31 December 2015 exceeded the target of 1,860 tonnes.
As detailed in Lynas' ASX announcement dated 17 August 2015, the JARE senior loan facility agreement specifies NdPr production targets for each 6 month period from 1 July 2015 to 31 December 2017. As a consequence of Lynas exceeding the first NdPr production target, the interest rate under the JARE facility reduced from 7.0% per annum to 6.5% per annum with effect from 1 January 2016.
Further details will be provided in Lynas' quarterly report later this month.
Andrew Arnold Company Secretary
Lynas Corporation HQ
PT17212 Jalan Gebeng 3, Kawasan Perindustrian Gebeng, 26080 Kuantan, Pahang Darul Makmur, Malaysia Tel: +60 9 582 5200 +60 9 582 5800
Fax: +60 9 582 5291 +60 9 582 5292
www.lynascorp.com ACN 009 066 648
Lynas Corporation Limited issued this content on 2016-01-06 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-06 03:22:06 UTC
Original Document: https://www.lynascorp.com/Shared Documents/Investors and media/Announcements and media/2016/160106 NdPr Production Result 1514307.pdf