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Iluka Resources Limited ( (AU:ILU) ) has shared an update.
Iluka Resources has announced the inaugural Mineral Resource estimate for the Goschen South deposit in Victoria, Australia. This deposit, with an estimated resource of 630 million tonnes grading at 3.7% heavy minerals, represents a significant potential source of zircon and rare earth minerals. The development of Goschen South is expected to contribute additional feedstock to Iluka’s rare earth refinery at Eneabba, enhancing its industry position and potentially impacting stakeholders through increased resource availability.
More about Iluka Resources Limited
Iluka Resources Limited is a company operating within the mineral resources industry, primarily focusing on the extraction of zircon and rare earth minerals. The company is actively developing Australia’s first fully integrated rare earth refinery at Eneabba in Western Australia, emphasizing its market focus on expanding capacities in rare earth mineral processing.
YTD Price Performance: -5.77%
Average Trading Volume: 981
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.3B
Find detailed analytics on ILU stock on TipRanks’ Stock Analysis page.