Rare Earth Mining Project
Approved / Pre-FID
2027
Extended pilot program ran for over three years, demonstrating xenotime recovery and HREE product quality.
30,500t HREO concentrate offtake agreed over the life of mine for Iluka's Eneabba Refinery.
DFS completed in September 2025, confirming project economics and the path to construction.
All primary approvals obtained: mining, environmental and land access.
FID blocked by corporate governance crisis: deferred AGM, $14M penalty for directors, and foreign ownership review of Hong Kong Ying Tak shares.
Subject to FID, construction of mine and on-site processing to begin.
First HREO concentrate delivered to Eneabba Refinery as feedstock for Dy/Tb separation.
DFS completed September 2025. All primary key approvals secured (mining, environmental, land access). Iluka Resources offtake agreement signed: 30,500t heavy rare earth oxide concentrate over life of mine as feedstock for Eneabba Refinery. FID blocked by corporate governance crisis: court orders deferred 2025 AGM, EGM withdrawn, $14m penalty issued for breach of Treasurer's Directions, and ongoing foreign ownership review of Hong Kong Ying Tak shares (ASX: NTU, A$0.025 as at Apr 2026). First significant Dy/Tb producer outside China once FID is reached.
Elements associated with this project's ore type.
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