Background

On Thursday, 10 September 2020 Iluka released the Demerger Booklet containing information regarding the proposed Demerger of Deterra Royalties Limited (Deterra) from Iluka.   

The demerger will result in two independent ASX-listed companies - Iluka Resources Limited, a global leader in the mineral sands industry and Deterra Royalties Limited,  the largest independent royalty company listed on the ASX, with the MAC royalty as its cornerstone asset.

Iluka shareholders will have the opportunity to vote on the demerger at a meeting on 16 October 2020.  If the demerger proceeds, eligible shareholders will receive one share in Deterra for every Iluka share held at the demerger record date.  Iluka will retain a minority shareholding interest of 20 per cent in Deterra as a long-term investment.

Documents containing further information released via the ASX announcement platform related to the demerger can be found below. 
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