1

LYNAS CORPORATIONKey data from LAMP Start Operations to June 2018

2

DisclaimerThis Presentation has been prepared by Lynas Corporation Limited (ABN 27 009 066 648) (Lynas or the Company) This Presentation contains summary information about Lynas and its subsidiaries (Lynas Group) and their activities current as at the date of this Presentation. The information in this Presentation is of general background and does not purport to be complete or to comprise all the information that a shareholder or potential investor in Lynas may require in order to determine whether to deal in Lynas shares. It should be read in conjunction with Lynas Group’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au. This document is not a prospectus or a product disclosure statement under the Corporations Act (Cth) 2001 (Corporations Act) and has not been lodged with ASIC.

Not investment or financial product advice

This Presentation is for information purposes only and is not financial product or investment advice or a recommendation to acquire Lynas shares and has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek financial, legal and taxation advice appropriate to their jurisdiction. Lynas is not licensed to provide financial product advice in respect of Lynas shares. Cooling off rights do not apply to the acquisition of Lynas shares.

Financial data

All dollar values are in Australian dollars (A$) unless stated otherwise and financial data is presented within the financial year end of 30 June 2016 unless stated otherwise. Any pro forma historical financial information included in this Presentation does not purport to be in compliance with Article 11 of Regulation S-X of the rules and regulations of the US Securities and Exchange Commission.

Future performance

Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. This Presentation contains certain “forward-looking statements”. The words “expect”, “should”, “could”, “may”, “will, “predict”, “plan”, “scenario”, “forecasts”, “anticipates” “estimates” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and

financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Such forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements.

Investment Risk and other risks

An investment in Lynas shares is subject to investment and other known and unknown risks, some of which are beyond the control of Lynas Group, including risk factors associated with the industry in which Lynas Group operates, such as: nature of mineral exploration and production; mineral and ore reserves; operations risks; project development risks; market price and demand risk; credit and market risks; regulatory, political and environmental risks; tax and other risks generally relating to equity investment.

Not an offer

This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. Any securities described in this Presentation have not been, and will not be, registered under the U.S. Securities Act of 1933 (the “Securities Act”).

Disclaimer

Lynas and its affiliates, officers, employees, agents and advisers have not authorised, permitted or caused the issue, dispatch or provision of this Presentation to any third party. Lynas, its related bodies corporate and their respective affiliates, officers, employees, agents and advisers to the maximum extent permitted by law, expressly disclaim all liabilities in respect of any expenses, losses, damages or costs incurred by you as a result of the information in this Presentation being inaccurate or due to information being omitted from this Presentation, whether by way of negligence or otherwise, and make no representation or warranty, express or implied, as to the fairness, currency, accuracy, reliability or completeness of information. The information in this Presentation remains subject to change without notice.

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Radiological Monitoring Performance

4

Radiation safety monitoring program

Lynas Monitoring Activities§ Occupational Exposure Monitoring Program (OEMP)§ Environmental Radiological Monitoring Program (ERMP)§ Continuous Aerosol Monitoring System (AMS)

Regulatory Monitoring§ AELB Monitoring – carried out by the AELB

There are 4 types of radiation monitoring activities at the LAMP

5

No radiological impact to public

Permissible Limit for public = 1 mSv per year; Permissible Limit for radiation workers = 20 mSv per yearNOTE: Dose is an overestimate, MDL values were used for values less than MDL in calculating doses

Work SectionOff-site of LAMP

Critical GroupExternal

Radiation (mSv/year)

222Rn (mSv/year)

220Rn (mSv/year)

Dust (mSv/year) Total Dose (mSv/year)

238U 232Th

1 kmWorkers working at adjacent plants

Equals background 0.002 0.01 Equals

background 0.03

5 km Public Equals background

Equals background

Equals background

Equals background

Equals background

10 km Public Equals background

Equals background

Equals background

Equals background

Equals background

20 km Public Equals background

Equals background

Equals background

Equals background

Equals background

6

No change in External Dose Rates since LAMP started operation

0

0.5

1

1.5

2

2.5

3

3.5

4

Decem

ber 2

012 (

1st R

ound

)

Janu

ary 20

13 (2

nd R

ound

)

Februa

ry 20

13 (3

rd Rou

nd)

March 2

013 (

4th R

ound

)

April 2

013 (

5th R

ound

)

May 20

13 (6

th Rou

nd)

June

2013

(7th

Round

)

July

2013

(8th

Round

)

Augus

t 201

3 (9th

Rou

nd)

Septem

ber 2

013 (

10th

Round

)

Octobe

r 201

3 (11

th Rou

nd)

Novem

ber 2

013 (

12th

Round

)

Decem

ber 2

013 (

13th

Round

)

Janu

ary 20

14 (1

4th R

ound

)

Februa

ry 20

14 (1

5th R

ound

)

March 2

014 (

16th

Round

)

April 2

014 (

17th

Round

)

May 20

14 (1

8th R

ound

)

June

2014

(19th

Rou

nd)

July

2014

(20th

Rou

nd)

Augus

t 201

4 (21

th Rou

nd)

Septem

ber 2

014 (

22th

Round

)

Nov 20

14 (1

st Rou

nd)

Janu

ary 20

15 (2

nd R

ound

)

March 2

015 (

3rd R

ound

)

May 20

15 (4

th Rou

nd)

July

2015

(5th

Round

)

Septem

ber 2

015 (

6th R

ound

)

Novem

ber 2

015 (

7th R

ound

)

Janu

ary 20

16 (8

th Rou

nd)

March 2

016 (

9th R

ound

)

May 20

16 (1

0th R

ound

)

July

2016

(11th

Rou

nd)

Septem

ber 2

016 (

12th

Round

)

Novem

ber 2

016 (

13th

Round

)

Janu

ary 20

17 (1

4th R

ound

)

March 2

017 (

15th

Round

)

May 20

17 (1

6th R

ound

)

July

2017

(7th

Round

)

Septem

ber 2

017 (

18th

Round

)

Novem

ber 2

017 (

19th

Round

)

Janu

ary 20

18 (2

0th R

ound

)

March 2

018 (

21st

Round

)

mSv

/yea

r

Environmental Radiological Monitoring Program (ERMP)

External Radiation mSv/year (Excluding Background)

Offsite LAMP - 1 km

Offsite LAMP - 5 km

Offsite LAMP - 10 km

Offsite LAMP - 20 km

Genting Highland = 3.4 mSv/year

Public Dose Limit = 1mSv/year

7

No change in Radon-Thoron levels since LAMP started operation

0

2

4

6

8

10

12

14

16

18

20

10/1

/201

212

/1/2

012

2/1/

2013

4/1/

2013

6/1/

2013

8/1/

2013

10/1

/201

312

/1/2

013

2/1/

2014

4/1/

2014

6/1/

2014

8/1/

2014

10/1

/201

412

/1/2

014

2/1/

2015

4/1/

2015

6/1/

2015

8/1/

2015

10/1

/201

512

/1/2

015

2/1/

2016

4/1/

2016

6/1/

2016

8/1/

2016

10/1

/201

612

/1/2

016

2/1/

2017

4/1/

2017

6/1/

2017

8/1/

2017

10/1

/201

712

/1/2

017

2/1/

2018

4/1/

2018

6/1/

2018

Bq/

m3

Monitoring Date

Radon-Thoron (EEC) Measured by AMS at the LAMP & IPD

Radon 222 EEC LAMP (Radon)

Radon 220 EEC LAMP (Thoron)

Radon 222 EEC IPD (Radon)

Radon 220 EEC IPD (Thoron)

Radon 220 Background

Radon 222 Background

8

Environmental Monitoring Performance

9

Monitoring: Treated Effluent Discharged

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

10.00

Janu

ary

Feb

ruar

yM

arch

Apr

ilM

ayJu

neJu

lyA

ugus

tS

epte

mbe

rO

ctob

erN

ovem

ber

Dec

embe

rJa

nuar

yF

ebru

ary

Mar

chA

pril

May

June

July

Aug

ust

Sep

tem

ber

Oct

ober

Nov

embe

rD

ecem

ber

Janu

ary

Feb

ruar

yM

arch

Apr

ilM

ayJu

neJu

lyA

ugus

tS

epte

mbe

rO

ctob

erN

ovem

ber

Dec

embe

rJa

nuar

yF

ebru

ary

Mar

chA

pril

May

June

July

Aug

ust

Sep

tem

ber

Oct

ober

Nov

embe

rD

ecem

ber

Janu

ary

Feb

ruar

yM

arch

Apr

ilM

ayJu

neJu

lyA

ugus

tS

epte

mbe

rO

ctob

erN

ovem

ber

Dec

embe

rJa

nuar

yF

ebru

ary

Mar

chA

pril

May

2013 2014 2015 2016 2017 2018

pH

Effluent pH

pH Lower Limit Upper Limit

10

Monitoring: Treated Effluent Discharged

0.00

20.00

40.00

60.00

80.00

100.00

120.00

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

2013 2014 2015 2016 2017 2018

mg/

L

Total Suspended Solid (TSS)

SS Limit

11

Monitoring: Treated Effluent Discharged

0.00

50.00

100.00

150.00

200.00

250.00

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

2013 2014 2015 2016 2017 2018

mg/

L

Effluent Chemical Oxygen Demand (COD)

COD Limit

12

Monitoring: Treated Effluent Discharged

0.00

1.00

2.00

3.00

4.00

5.00

6.00

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

June July

August

September

October

November

December

January

February

March

April

May

2013 2014 2015 2016 2017 2018

mg/

L

Iron (Fe)

Fe Limit

13

Monitoring: Treated Effluent Discharged

0.00

0.50

1.00

1.50

2.00

2.50

3.00

Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

ne July

Augu

stSe

ptem

ber

Oct

ober

Nov

embe

rD

ecem

ber

Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

ne July

Augu

stSe

ptem

ber

Oct

ober

Nov

embe

rD

ecem

ber

Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

ne July

Augu

stSe

ptem

ber

Oct

ober

Nov

embe

rD

ecem

ber

Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

ne July

Augu

stSe

ptem

ber

Oct

ober

Nov

embe

rD

ecem

ber

Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

ne July

Augu

stSe

ptem

ber

Oct

ober

Nov

embe

rD

ecem

ber

Janu

ary

Febr

uary

Mar

chAp

rilM

ay

2013 2014 2015 2016 2017 2018

mg/

L

Manganese (Mn)

Mn limit

Lynas has improved and rectified this issue