Key Highlights

• Constructing Australia’s first fully integrated rare earth refinery at Eneabba, scheduled for commissioning in 2027
• Strategic partnership with Australian Government supports Eneabba development with Phase 1 and 2 of rare earth facility expansion
• Production commenced at Balranald rutile and zircon mine in late 2025, diversifying revenue streams beyond rare earths
• Investment in Northern Minerals (ASX: NTU) provides exposure to heavy rare earth development in Northern Territory

Iluka Resources Ltd (ASX:ILU) represents a transitional opportunity within the ASX rare earth sector—a company at an inflection point between established mineral sands operations and emergent…