March 7, 2011 / 10:58 PM / 7 years ago

Lynas in talks to sell small part of Mt Weld rare earths deposit

MELBOURNE, March 8 (Reuters) - Australian rare earths prospector Lynas Corp is in talks to sell the Crown polymetallic deposit at its Mount Weld mine, it said on Tuesday after a newspaper reported it was in talks to sell the Crown deposit to Forge Resources .

Shares of Forge, valued at A$29 million ($29 million) were on a trading halt.

Lynas said a sale of the Crown deposit would not be material to the company.

$1 = 0.989 Australian Dollars Reporting by Sonali Paul; Editing by Balazs Koranyi

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