Iluka Resources Ltd Q2 2026 Quarterly Review
Key points
- Production of zircon/rutile/synthetic rutile (Z/R/SR) in Q2 2026 was 58kt
- Z/R/SR sales in Q2 2026 were 157kt, with higher zircon sales and contracted synthetic rutile
- Total capital expenditure for the Eneabba rare earths refinery at 30 June 2026 was $1,101 million
Full summary
Iluka Resources Ltd released its Quarterly Review to 30 June 2026, highlighting production of 58kt of zircon/rutile/synthetic rutile (Z/R/SR) in Q2 2026, with the Narngulu mineral separation plant processing Jacinth-Ambrosia heavy mineral concentrate (HMC). Z/R/SR sales in Q2 2026 were 157kt, including 109kt of zircon and 37kt of synthetic rutile. The average realised zircon sand price increased by US$55/t from Q1 2026 to US$1,546/t. Total capital expenditure for the Eneabba rare earths refinery at 30 June 2026 was $1,101 million, with the capital estimate remaining at $1.7-1.8 billion. Engineering is complete and construction is nearing 60% complete.
Guidance
Iluka expects full year mineral sands capex to be ~$115 million
Outlook
Iluka expects to report sales of ~50kt of zircon sand in Q3, with ~35kt contracted and the remaining volumes from Q2 contracts.
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