Production of heavy Rare Earth Carbonate from Browns Range exceeds 210,000kg

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02355935-6A1025529?access_token=83ff96335c2d45a094df02a206a39ff4

Highlights

•  A shipment of 40,406kg of heavy Rare Earth Carbonate (REC) containing 1,835kg of dysprosium and 233kg of terbium is ready for delivery to thyssenkrupp;
•  This brings the total REC produced at the Company’s 100% owned Browns Range Project to 211,109kg;
•  The total REC produced contained 103,731kg of Rare Earth Oxides, which includes 9,751kg of dysprosium and 1,245kg of terbium;
•  Both dysprosium and terbium are critical elements in the permanent magnet motors used in E-mobility powertrain applications;
•  By 2030, the global light vehicle EV market is expected to be dominated by permanent magnet motor powertrains with more than 75% share of the market forecast; and
•  Additional supply from the rare-earths industry is required for the rapidly increasing demand for dysprosium and terbium.

DISC: Small holding