Iluka Resources reports Q3 production jump to 76kt
Key points
- Iluka Resources increased Q3 mineral production to 76,000 tonnes, up 31% from the prior quarter.
- Mineral sands revenue dropped to $219 million, down 23% quarter-on-quarter due to lower volumes sold.
- Operations are expanding as Balranald ramps up and the Eneabba refinery reaches 65% completion.
Iluka Resources (ASX:ILU) generated $219 million in mineral sands revenue for the third quarter of 2026 as total zircon, rutile, and synthetic rutile production reached 76,000 tonnes.
Total mineral sands revenue fell 23% from $286 million in the June quarter despite a 31% quarter-on-quarter increase in total production volumes.
Total capital expenditure accrued at the Eneabba rare earths refinery reached $1.237 billion by Sept. 30, while net debt for the mineral sands business declined to $249 million.
Following the announcement, the Iluka Resources share price was down at $5.61.
The company stated that the Eneabba rare earths refinery remains on track with a total capital budget estimate of $1.7–1.8 billion.
Operations at the Balranald development project are progressing, with equipment upgrades completed on the first mining rig to improve extraction consistency.
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