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Iluka Resources Limited (ASX:ILU)

ALERT: Price-sensitive ASX Announcement for ILU
Current share price for ILU : $6.760 0.93 (15.95%)+
Announcement
Release
28 Jul 2026 8:26AM
Price at Release
$5.830
Full Release
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Summary
The quarterly review for Iluka Resources Limited to 30 June 2026 highlights key operational and financial metrics. Production of zircon/rutile/synthetic rutile (Z/R/SR) in Q2 was 58kt, with sales totaling 157kt, significantly higher than Q1. The average realized zircon sand price increased to US$1,546/t, with further increases expected in Q3. The Balranald project achieved operational status, with mining rigs producing non-magnetic and magnetic concentrates. Iluka's Eneabba rare earths refinery project is progressing with 60% construction completion and a capital expenditure estimate of $1.7-1.8 billion. Financially, Iluka's mineral sands business generated $247 million in operating cash flow during H1 2026, with an expected net loss after tax of approximately $25 million. The company's debt stands at $273 million for mineral sands and $877 million for the rare earths business.
Key Points
  • Q2 2026 Z/R/SR production was 58kt.
  • Z/R/SR sales in Q2 2026 were 157kt, with zircon sales notably higher than Q1.
  • Average zircon sand price increased to US$1,546/t.
  • Balranald project commenced operations, producing specified concentrates.
  • Eneabba rare earths refinery construction is 60% complete.
  • Mineral sands business generated $247 million in operating cash flow in H1 2026.
  • Net loss after tax for H1 2026 is expected to be ~$25 million.
  • Mineral sands net debt is $273 million, and rare earths debt is $877 million.
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.