LYNAS RARE EARTHS LIMITED — Call Transcript 2010

Feb 1, 2010

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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

2 February 2010

LYNAS QUARTERLY REPORT INVESTOR RELATIONS CALL

Lynas Corporation Limited (ASX: LYC) will hold two conference calls to discuss the Quarterly Report for the period ending 31 December 2009 that was lodged with the ASX on Friday, 29 January 2010. There will be a Q&A session at the end of the call. Details of the calls 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 first call will be held on Thursday, 4 February at 1830hrs Sydney Time (GMT +11 hours) . Please see dial-in details below:

Confirmation Code	Confirmation Code	2759921	2759921	2759921	2759921
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	Indonesia	00180 3061 31022 800 870 984	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)	10800 6400 091	Japan	0053 1250 084	Sweden
China (CTC)	10800 2640 090 0800 917 625 0800 182 5453	Malaysia	1800 812 876 0800 0227 213 0800 450 585	Switzerland
France		Netherlands		Taiwan
		New Zealand		Thailand
Germany
Hong Kong	800 901 587	Philippines	1800 1110 0767	UK
India	000 800 100 6486	Singapore	800 6163 105	USA

*The above cannot be accessed from a mobile phone.

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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

The second call will be held on Friday, 5 February 2010 at 0830hrs Sydney Time (GMT +11 hours) . Please see dial-in details below:

Confirmation Code	Confirmation Code	2203363	2203363	2203363	2203363
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	Indonesia	00180 3061 31022	South Korea	00798 613 60978
Belgium
	1800 332 0991 10800 6400 091 10800 2640 090 0800 917 625 0800 182 5453 800 901 587 000 800 100 6486	Italy	800 870 984 0053 1250 084 1800 812 876 0800 0227 213 0800 450 585 1800 1110 0767 800 6163 105	South Africa	0800 980 395
Canada
China (CNC)		Japan		Sweden	0207 970 75 0800 567 893 00801 615 166 001800 613 0987 0808 234 8407 1866 839 8029
China (CTC)		Malaysia		Switzerland
France		Netherlands		Taiwan
		New Zealand		Thailand
Germany
Hong Kong		Philippines		UK
India		Singapore		USA

WEBCAST

The second call will also be streamed live online and the recording can also be accessed after the call (allow approximately 4 hours). The recording will be available for 12 months from the date of the call. Please click on the link below to access the webcast. This link will open directly in your internet browser:

• http://www.thomson

webcast.net/au/dispatching/?event_id=5b4fce9bfa1b44a31f2ed745b086b892&portal_id=54f9a94a9 7b046b471cc1d7e006388cb

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