Kuala Lampur, Dec. 9 -- Lynas Corporation Ltd said today it will open a new cracking and leaching plant in Kalgoorlie, Western Australia to extract low-level radioactivity from materials to be shipped to Malaysia for final treatment.

The Australia-based rare earth miner said it has signed an option to sublease an industrial-zoned property from the city of Kalgoorlie-Boulder with the proposed terms being finalised.

"The signing of this option follows our signing of an MOU with the City of Kalgoorlie-Boulder, details of which were announced on September 6, 2019," company secretary Andrew Arnold said in a statement, referring to a memorandum of understanding.

"Lynas' Kalgoorlie cracking and leaching plant will upgrade the Lynas Mt Weld ra...