The rare earth bearing mineral monazite is a co-product of Iluka’s mineral sands. Since the 1990’s Iluka has strategically stockpiled the monazite produced at its Narngulu Mineral Separation Plant, at its operations at Eneabba, Western Australia. Iluka commissioned a concentrator plant at Eneabba to further process the stockpiled material. This will separate the monazite (and additional zircon), producing a ~90% monazite concentrate material that will provide a direct feed to Iluka’s rare earths refinery.
In April 2022, the Iluka Board approved the Final Investment Decision for a fully integrated rare earths refinery at Eneabba.
Supported by the Australian Government
Under the Australian Government’s $2 billion Critical Minerals Facility, Iluka has secured a $1.25 billion non-recourse loan for the development of the Eneabba rare earths refinery. The establishment of a risk sharing arrangement with the Australian Government provides a robust platform for Eneabba’s success as a sustainable and globally competitive source of separated rare earth oxides. This support also reflects the Eneabba project’s strong alignment with the Critical Minerals Strategy and significance as Australia’s first fully integrated rare earths refinery.
Further information can be found on our Engagement Hub
A strategic processing hub
Rare earths are among the key building blocks of an electrified economy. Iluka’s state-of-the-art refinery will enable processing of a range of feedstocks, including those of third party producers. The globally significant refinery will establish Western Australia as a strategic hub for the downstream processing of rare earth resources. From 2026, Iluka will produce the rare earth oxides neodymium, praseodymium, dysprosium, terbium and more.
A multi-decade facility
Beyond the Eneabba stockpile, Iluka holds additional mineral sands deposits that could serve as feed source for the refinery, including the Wimmera project in Victoria, the Balranald project in New South Wales. The flexibility of the refinery design will also enable a range of third party deposits to serve as long life rare earth concentrate feed source if required.