While the profit was up on the previous year's $53.1 million, earnings of $100.7 million (on an EBITDA basis) were down on the $121.9 million generated in 2018.

Revenue was also down more than $10 million on 2018's $374 million, while "strong" operating cashflow has totalled $222.6 million over the past eight quarters.

With regards the balance sheet, total debts have been reduced by $32 million to $193 million, with the cash balance at June 30 totalling $89.7 million.

Lynas' MD Amanda Lacaze concurred with initial analyst responses to the company's 2019 results that there was "no significant new news".

She said the company's decision on the location of a new cracking and leaching plant in Western Australia would be revealed "soon".

Shares in Lynas were up 1% to $2.34 million in morning trade, capitalising the company at $1.5 billion.