Page 1

HIGHLIGHTS QUARTERLY REPORT FOR THE PERIOD ENDING 30 JUNE 2021 Lynas Rare Earths • • Quarterly Sales Revenue : A $ 185.9m ( Q3 FY21 : A $ 110m ) Sales receipts : A $ 192m ( Q3 FY21 : A $ 133m ) • Closing cash balance : A $ 680.8m ( Q3 FY21 : A $ 568.5m ) • Total REO production : 3778 tonnes ( Q3 FY21 : 4463 tonnes ) ○ NdPr production : 1393 tonnes ( Q3 FY21 : 1359 tonnes ) Lynas 2025 project : ○ о Commencement of preliminary site works and final Environmental Review Document ( ERD ) submitted to the EPA for Kalgoorlie Project . Phase 1 detailed engineering and design work for the Heavy Rare Earths ( HRE ) facility submitted to the US Government . CEO REVIEW I am very pleased to report excellent results for the June quarter . Sales revenue of A $ 185.9m and sales receipts of A $ 192m were both records for the company . This result reflected sustained demand for Lynas NdPr products and strong market pricing , as end users and governments around the world continue to recognise the need for a diversified supply of responsible rare earth materials . Total REO production was 3,778 tonnes . NdPr production of 1,393 tonnes was a slight improvement on the preceding quarters . This is an excellent result given continuing challenges presented by the ongoing pandemic , particularly in Malaysia . The achievements of our Malaysian team have been absolutely outstanding over the full duration of the pandemic and in the past quarter in particular . The health and safety of our people is always our priority and the vigorous 3rd wave of COVID - 19 infections in Malaysia has been challenging . Key to protecting our people has been ensuring we have zero workplace transmission . We have achieved this by implementing testing of all staff and contractors before being permitted on site and providing accommodation close to site for our people so they can limit their movement in the community . Where our people have been exposed outside of the workplace and are required to quarantine , we have continued to pay and support them . We are currently participating in the Malaysian government's Public / Private Partnership COVID - 19 Industry Page 1 of 9