Lynas Corporation Limited (ASX:LYC, OTC:LYSDY) has increased its estimates at its Mount Weld Mineral Resource.
The updated mineral resource estimate is now 23.9 million tonnes of high grade rare earths oxide, a 37 per cent increase on September’s estimate.
Lynas also says its estimate for its Lanthanide deposit has increased by 51 per cent, and an 18 per cent increase for its Duncan deposit.
Lynas Corporation booked a net loss of $59 million in fiscal 2011.
