Iluka Resources Reports 65% Eneabba Completion and Heavy Rare Earth Metal Progress

Highlights

• Eneabba refinery is 65% complete with capital estimate held at A$1.7–A$1.8 billion and 2027 commissioning target unchanged.
• Iluka produced specification-grade dysprosium and terbium metal and purchased equipment enabling 200 metric tons of annual capacity.
• First-nine-month mineral-sands revenue fell 6.9% year over year, reminding investors the case combines future rare earth earnings with present commodity exposure.
• Mineral Sands net debt declined to A$249 million from A$273 million in June, while shares closed up 8.17% on October 28 at A$5.69.