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LYNAS RARE EARTHS LIMITED Call Transcript 2010

May 2, 2010

65277_rns_2010-05-02_10f7b3e3-5cc9-49d3-933e-9b0d67411ca1.pdf

Call Transcript

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Corporate Office Level 7 56 Pitt Street Sydney NSW 2000 AUSTRALIA

Telephone: +61 2 8259 7100 Facsimile: +61 2 8259 7199 Website: www.lynascorp.com ACN: 009 066 648

3 May 2010

LYNAS QUARTERLY REPORT INVESTOR RELATIONS CALL

Lynas Corporation Limited (ASX: LYC) will hold a conference call to discuss the Quarterly Report for the period ending 31 March 2010 that was lodged with the ASX on Thursday, 29 April 2010. There will be a Q&A session at the end of the call. Details of the call are noted below.

Participants should dial a telephone access number (listed below) prior to the start time, as registration may take a few minutes. They will be greeted by an operator and asked for their confirmation code (listed below). Participants will be placed in a listen-only mode with music until the moderator or speaker starts the conference.

The call will be held on Thursday, 13 May at 1800hrs Sydney Time (GMT +10 hours) . Please see dial-in details below:

Confirmation Code Confirmation Code 9637217 9637217 9637217 9637217
Participant Dial-in(Local): + 61 2 8113 1400
Participant Dial-in(Australia): 1800 554 798
Dial in Numbers(Int’l) See below for specific International Toll Free Country access.
Location Number Location Number Location Number
0800 110 80
1800 332 0991
10800 6400 091
10800 2640 090
0800 917 625
0800 182 5453
800 901 587
000 800 100 6486
Indonesia 00180 3061 31022
800 870 984
0053 1250 084
1800 812 876
0800 0227 213
0800 450 585
1800 1110 0767
800 6163 105
South
Korea
00798 613 60978
0800 980 395
0207 970 75
0800 567 893
00801 615 166
001800 613 0987
0808 234 8407
1866 839 8029
Belgium
Italy South
Africa
Canada
China (CNC) Japan Sweden
China (CTC) Malaysia Switzerland
France Netherlands Taiwan
New
Zealand
Thailand
Germany
Hong Kong Philippines UK
India
Singapore
USA

*The above cannot be accessed from a mobile phone.

WEBCAST

The call will also be streamed live online and the recording can also be accessed after the call (allow approximately 4 hours) on the Lynas website. The recording will be available for 12 months from the date of the call.

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R:\LYNAS CORPORATION\MARKETING & CORP COMMS\INVESTOR RELATIONS\INVESTOR RELATIONS CALLS\IR Call May 10\100503 IR Call ASX Announcement.doc