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Overview

WIM-style deposits are located predominantly in the Wimmera and Mallee regions of western Victoria. These large, long life deposits contain both mineral sands – including significant quantities of zircon – and rare earths. Because of the fineness of their mineral content, development of the WIM-style deposits is technically challenging. Iluka holds tenements over WIM-style deposits in western Victoria; and is conducting a preliminary feasibility study (PFS) on the WIM100 deposit, south west of Horsham. The PFS will focus on recovery of fine sized minerals, zircon product eligibility for the ceramics market; and monetising rare earth co-products.

Rare earths are a group of 17 chemical elements. Due to their unique chemical and physical properties, certain rare earth elements are considered a critical input across a number of rapidly evolving markets, including industrial and military applications. Iluka’s focus is on high value elements commonly used in permanent magnets, such as in electric cars, wind turbines and electronics.