https://www.iluka.com/media/bplpr0yz/16apr25-quarterly-review-to-31-march-2025.pdf
Quick Eneabba Update:
Heavy Rare Earths Market
So my BIG question....why no offtake locked in?
What am i missing here? Why no off take?
Quick Eneabba Update:
- Eneabba refinery (WA) is under construction – now $408m spent
- Concrete works and all major equipment packages are underway or awarded
- Govt-backed via non-recourse loan from the Critical Minerals Facility
- First production of NdPr, Dy, Tb oxides expected 2027
- Will be only Western producer of separated heavy REOs (Dy/Tb) when live
Heavy Rare Earths Market
- China (April 2025): Dy/Tb added to export control list – licence now required
- China controls ~100% of global heavy REO supply
- Eneabba now a strategic national asset for Australia and allies
So my BIG question....why no offtake locked in?
- No public offtake signed yet
- Likely to be government or OEM-backed, given strategic value?
- Iluka has historically moved carefully before locking in commercial terms
What am i missing here? Why no off take?
