ILUKA RESOURCES LIMITED

Iluka Resources has announced an Ore Reserve estimate of 180Mt grading 5.4% HM for 9.9Mt of contained HM at the Wimmera heavy mineral (HM) deposit WIM100.
A Mineral Resource update for the WIM100 deposit, reported in accordance with the JORC Code (2012 edition), reveals an Indicated Mineral Resource estimate of 380Mt grading 4.6% HM for 18Mt of contained HM, and an Inferred Mineral Resource estimate of 70Mt grading 4.3% HM for 3Mt of contained HM.
This represents a 9% increase in the total reported HM resource tonnage and an 11% increase in the Indicated resource category compared to the previous Mineral Resource estimate announced on 30 November 2021.

2023-02-22 20:25:00

Average annual production of 60ktpa rutile; 50ktpa zircon; 50-70ktpa synthetic rutile; 4ktpa rare earth concentrate (REC); and 150ktpa sulphate ilmenite.
Capital cost of $480 million and construction period of 18 months with first production expected in H1 2025.
Net present value of $400 million with a significant technology evolution.

2023-02-21 08:42:00

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