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Iluka Resources Ltd.

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Summary

Project:

Eneabba

Deposit:Mineral Separation Plant By-Product
Location:Australia
Commodities:Zircon-Monazite-Xenotime-Ilmenite
Date:7/24/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:24-7-2019: Iluka Resources Ltd. announces a Resource Estimation report for its Mineral Separation Plant By-Product deposit at the Eneabba project. Eneabba mineral sands recovery project updated mineral resource estimate. Iluka Resources Limited (Iluka) is
Resources:(Resource, Total): 1.0Mt @ 82.7% HM
CP/QP:[Resources]: Brett Gibson (Internal)
ABSTRACT:Iluka Resources Limited (Iluka) is pleased to announce an updated Mineral Resource estimate for the Mineral Separation Plant (MSP) By-Product Resource which supports the Eneabba Mineral Sands Recovery Project, reported in accordance with the guidelines of the JORC Code (2012 edition). The Mineral Resource is located within the historical Eneabba mine void and represents a long-term accumulation of by-product material from processing at Iluka’s Narngulu MSP. Following additional testing and assessment, the MSP By-Product Mineral Resource is estimated to contain a total Mineral Resource of 1.0Mt with a Heavy Mineral (HM) grade of 82.7%, to contain 827kt of HM. This represents a 107% increase in the contained HM tonnage over the previously reported Inferred Mineral Resource estimate of 0.40Mt grading 86.2% HM1 (previously referred to as ‘Monazite Stockpile’). The MSP By-Product Mineral Resource contains high levels of monazite compared to traditional HM deposits. Monazite is a heavy mineral containing the rare earth elements neodymium, praseodymium, cerium and lanthanum, which are used in a range of applications including in the manufacture of permanent magnets for use in electric motors (eg. in electric vehicles) and wind turbines.

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