Deterra Royalties Ltd June 2026 Quarter Portfolio Update
Key points
- Mining Area C (MAC) achieved record production and sales, generating A$61.8 million in royalty revenue
- Thacker Pass lithium project received US$1.21 billion from the Department of Energy (DOE) loan
- Construction at Thacker Pass is progressing with mechanical completion targeted for late 2027
Full summary
Deterra Royalties Ltd (ASX: DRR) reported a strong performance for the quarter ended 30 June 2026. The Mining Area C (MAC) iron ore mine delivered record production and sales, generating A$61.8 million in royalty revenue, up 9% from the prior quarter. MAC also received a A$2 million capacity payment, following a A$20 million payment in FY25. At the Thacker Pass lithium project, construction is advancing with the receipt of US$1.21 billion from the Department of Energy (DOE) loan. Project construction activities are well progressed, with over 95% detailed engineering design complete and 70% procurement complete. Mechanical completion and first lithium carbonate equivalent (LCE) production are targeted for late 2027. Deterra is also progressing with its Paradox Lithium Project in Utah, USA, with Anson Resources Limited advancing towards a Definitive Feasibility Study.
Summary generated by a large language model. Please interpret with care.