Lynas Corporation (ASX: LYC, OTC: LYSDY) has taken another step forward at the Mount Weld Concentration Plant.
Licences have been granted by the Western Australian Department of Mines and Petroleum, and the Western Australian Department of Environment and Conservation.
With the completion of the regulatory requirements, the result is that the first feed of ore into the plant will occur within a week.
The concentrate produced will be shipped and transported to the east coast of Malaysia to the Lynas Advanced Materials Plant, to process the concentrate through to separated rare earths products.
Lynas owns the currently richest known deposit of rare earths in the world at Mount Weld, which is located near Laverton in Western Australia.
The company remains well funded after earlier in the month raising A$20 million through an oversubscribed share purchase plan.