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Deterra Royalties Limited (ASX:DRR)
ALERT: Price-sensitive ASX Announcement for DRR
Current share price for DRR : $4.490 0.26 (6.15%)+
Announcement
Release
30 Jan 2026 4:27PM
Price at Release
$4.230
Full Release
Summary
Deterra Royalties Limited provided an update for the December 2025 quarter, highlighting strong revenue from their flagship Mining Area C (MAC) iron ore royalties and progress on the Thacker Pass Lithium Project. The MAC operation achieved record sales and increased royalty revenue by 15% compared to the previous quarter. The Thacker Pass project continued to advance, supported by a significant drawdown from a U.S. Department of Energy loan, with first lithium carbonate production targeted for the end of 2027. Jason Neal was appointed as interim CEO while a search for a new Managing Director is underway. The company remains focused on maximizing value from its core royalties and pursuing new investment opportunities.
Key Points
- Strong iron ore royalty revenue increase from Mining Area C
- Progress on Thacker Pass Lithium Project with DOE loan support
- Record quarterly sales at Mining Area C
- First lithium carbonate production targeted for late 2027
- Interim CEO Jason Neal appointed
- Focus on maximizing core royalty value and pursuing new opportunities
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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