Iluka Resources (ILU) Investor presentation summary

Strategic positioning and operations

• Major producer of zircon and titanium feedstocks, expanding into refined rare earths with operations in Australia.

• Holds a 20% stake in Deterra Royalties, providing exposure to iron ore royalties.

• Over 70 years of experience in critical minerals exploration, mining, processing, and marketing.

• Supplies critical minerals essential for urbanisation, electrification, and sustainable development.

Eneabba rare earths refinery development

• Australia’s first fully integrated rare earths refinery, targeting commissioning in 2027.

• Capable of producing 23,000 tpa total rare earth oxides, including 5,500 tpa NdPr and 750 tpa Dy/Tb oxides.

• Construction is over 50% complete, with $1.1bn spent and committed, aiming for 75% completion by year-end.

• Utilises a ~1 million tonne stockpile for initial feed, supporting operations through ~2035.

• Flowsheet based on proven technology, with zero waste discharge and advanced environmental controls.

Feedstock strategy and supply agreements

• Multiple internal and external feedstock options, including mineral sands, hard rock, and ionic clay carbonates.

• Long-term supply agreements with Northern Minerals and Lindian Resources for rare earth concentrates.

• Ongoing replenishment of Eneabba stockpile from existing operations and future projects.

• Wimmera project expected to supply ~15ktpa rare earth concentrate for 25+ years.