Lynas Corporation Ltd - 25-Sep-03

Lynas Corporation Ltd - 25-Sep-03

Has signed a conditional Heads of Agreement with China Iron and Steel Industry Trade Group Corporation for the purchase by Lynas of up to 100% ownership of CMIEC (Channar) Pty Ltd. The completion of the acquisition will give Lynas up to 40% beneficial interest in the Channar Iron Ore project managed by Hamersley Iron Ltd.

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