Lynas (ASX:LYC) Revised Cost Estimate for Rare Earth Projects in Australia and Malaysia
The revised estimate has resulted from a review of project engineering with contractor UGL Ltd. (ASX:UGL).
Lynas remains its target date of the first ore feed from the Western Australia plant by December. The company also said mobilization to site in Malaysia is due to commence this month. First concentrate feed to the kiln in Malaysia is anticipated early in the third quarter of 2011.
Lynas Corporation Limited