The rare earths miner said its board had concluded it would not engage with retail and industrial conglomerate Wesfarmers, stating its unsolicited takeover offer undervalues Lynas' intellectual property.
The company, which in March more than doubled the size of the vanadium property, believes that Carlin’s maiden resource will provide a base for an economic study.
The company has entered its second binding offtake agreement in two weeks, contracting to sell 10,000 tonnes of large and jumbo flake graphite concentrate to a private company in China.
The Riivos-built mining financial technology software helps them spend less time building spreadsheet models and more time optimizing their mine project economics.
Lynas, one of the world’s main suppliers of rare earths outside China, said it was open to processing materials closer to its Australian mine if that meant it can renew its licence in the Southeast Asian country.
