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Iluka Resources Limited (ASX:ILU)

ALERT: Price-sensitive ASX Announcement for ILU
Current share price for ILU : $7.050 0.01 (0.14%)+
Announcement
Release
2 Jul 2026 8:17AM
Price at Release
$7.040
Full Release
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Summary
Iluka Resources Limited has entered into a long-term agreement with VHM Limited for the supply of rare earth concentrate from VHM's Goschen project in western Victoria. The agreement involves VHM supplying 146,000 tonnes of rare earth concentrate, containing 86,000 tonnes of rare earth oxides over 18 years. Pricing will be linked to Iluka's sales prices from its Eneabba refinery. Iluka has also secured a $40 million convertible note in two tranches to support the Goschen project's development. The agreement includes a right of first refusal for Iluka on additional rare earth products from VHM's other projects.
Key Points
  • Iluka and VHM's agreement for Goschen project supply
  • 146,000 tonnes of concentrate over 18 years
  • Pricing linked to Eneabba refinery sales
  • $40 million convertible note support
  • Right of first refusal for additional products
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.