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Deterra Royalties Limited (ASX:DRR)

ALERT: Price-sensitive ASX Announcement for DRR
Current share price for DRR : $4.315 0.195 (4.73%)+
Announcement
Release
30 Apr 2026 6:33PM
Price at Release
$4.120
Full Release
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Summary
Deterra Royalties Limited reported a portfolio update for the March 2026 quarter. The company experienced a 9% decrease in iron ore revenue royalties from the Mining Area C (MAC) due to lower sales and pricing. Meanwhile, the Thacker Pass lithium project is progressing with continued U.S. government support, having received substantial funding for construction. Deterra holds a 4.8% gross revenue royalty over Thacker Pass, reducing to 1.05% upon a partial royalty buyback. The company also manages royalties on other projects, including the Paradox Lithium Project and Antler Copper Project, while maintaining a strong balance sheet to explore further investments.
Key Points
  • Royalty revenue from MAC decreased by 9% due to lower sales and pricing.
  • Thacker Pass project received US$432 million from the DOE loan.
  • Deterra holds a gross revenue royalty over Thacker Pass, reducing after a buyback.
  • Construction at Thacker Pass is substantially de-risked and progressing.
  • Deterra is exploring further investment opportunities with a strong balance sheet.
  • Anson Resources developing Paradox Lithium Project with POSCO in Utah.
  • Kinterra Capital acquired New World Resources and focuses on project development.
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.