Iluka Resources has withdrawn its synthetic rutile sales guidance after a key contract was thrown into uncertainty and amid persistent headwinds in the pigment industry.
Local lithium stocks closed with double-digit declines on the local bourse, following reports that CATL is restarting its globally significant lithium mine in China
Arafura Rare Earths is tapping investors for $85 million for the development of its rare earths asset amid heightened interest in shoring up local supply chains.
Bulls N' Bears ASX Runner of the Week is… OD6 Metals, after it unveiled a low capex, lower-cost product from its mammoth Splinter Rock rare earth project near Esperance. Mount Ridley Mines rode the rare earths coattails based on its nearology to OD6 in the rare earths region, ActivePort Group launched an Australian first private cloud superhighway and Energy Transition Minerals shot up on a 60 Minutes story on its monster Greenland rare earths project.
Bulls N' Bears ASX Runner of the Week is… Rhythm Biosciences, after it after it revealed promising results from a study of its simple bowel cancer diagnostic blood test. Roolife Group inked a blockbuster e-commerce partnership supply agreement with multi-national Eternal Asia Supply Chain Management, Waratah Resources unveiled a 208m intersection of high-grade gold in NSW land of the copper-gold giants, and Lindian resources secured a funding and offtake partnership with Iluka Resources to lock-in a domestic rare earths supply.
Iluka Resources' taxpayer-backed Eneabba rare earths refinery north of Perth will be partly fed by concentrate from Africa amid a growing push to secure non-China supply chains.
Lindian Resources has forged a multi-pronged major offtake agreement, cornerstone funding and strategic partnership with global critical minerals heavyweight Iluka Resources to push its world-class Kangankunde project in Malawi towards first production. The seismic deal for the company cements Kangankunde as one of the pre-eminent rare earths developments on the planet, as Iluka scrambles to lock in a strategic rare earths supply for Australia.
This week's Bulls N' Bears ASX Runners of the Week is… Yandal Resources, after the company identified a gold discovery of potentially massive scale in one of WA's prolific gold belts. Imagion shot up on positive talks with the US FDA on its Phase 2 breast cancer imaging technology, Falcon intercepted some of the highest grade gold in Australian drilling this year and Bayan scooped up a strategic rare earths project next to the world-class Mountain Pass mine.
The United States Department of Defense will join Gina Rinehart on the share registry of US-listed rare earths producer MP Materials, in a bid to secure its critical supply chains.
Mineral Resources has shocked the market by announcing that independent directors Jacqueline McGill and Susie Corlett – both members of its new ethics committee – have resigned from the board.
Mineral Resources, Iluka Resources and Pilbara Minerals were among the biggest losers on the ASX today as the market digests a weaker iron ore price and soft Aussie dollar.
Embattled miner Mineral Resources will drop out of a key ASX index tracking the 50 biggest companies on the market, as its share price battles continue.
Mineral sands miner Iluka Resources generated a full-year net profit of $231 million, down 33 per cent from $343 million in 2024, citing multiple factors.
Shares in mineral sands miner Iluka slid eight per cent after the company revealed it would be culling 130 jobs in a bid to preserve cash ahead of progressing its major project.
Company director Rob Cole has retired from all of his board roles, including as chair of Iluka Resources and Perth Airport, a month after health issues forced a leave of absence.
Shares in Iluka Resources have fallen sharply after the company flagged potentially higher costs, an increased equity contribution and lower royalty payments with the federal backing.
Iluka Resources said today construction of its Eneabba rare earths refinery was dependent on getting more government support to meet higher costs but was unable to update shareholders.
Former Western Australian governor and federal defence minister Kim Beazley has called for Australia to “play the same game” as China in securing supply of the nation's rare earths output.
ANALYSIS: When Mark McGowan launched the $750 million Resources Community Investment Initiative more than 18 months ago, nobody expected an upgrade of Paraburdoo hospital would be its inaugural project.
Mark Beyer and Mark Pownall discuss the federal budget's mining support, Santos and Quintis job cuts, live sheep exports, property development approvals, NWQ Capital Management, and Clough's journey under Peter Bennett.
Iluka Resources boss Tom O'Leary has taken a shot at China's “monopolistic production” of rare earths and warned of the country's preparedness to “weaponise” its control.
Iluka Resources has confirmed the cost of its Eneabba rare earths refinery will be near the top end of its guidance range, while also reporting a slide in annual profit.
Iluka Resources announced on Tuesday that its mineral sands sales over 2023 were down by 139,100 tonnes from the previous year, despite a production increase of 47,800 tonnes during the period.
Iluka Resources has revealed a 50 per cent cost blowout for its Eneabba rare earths refinery and has pushed back its start date, blaming a challenging project environment in the state.
Venture Minerals has produced what it says are exceptional assays of up to almost 7400 parts per million total rare earth oxides in a maiden 25-hole RC drilling program at its new Jupiter target in Western Australia's Mid West region. Results reveal a remarkable consistency in multiple intercepts of between 12m and 32m thick and ranging on average between 2000ppm and 2500ppm TREO.
Drilling and geophysical surveys at Venture Minerals' new Jupiter prospect in Western Australia's Mid West region has revealed the strong possibility it may contain a clay-hosted and deep intrusive rare earths resource that warrants early follow-up drilling. The diversified metals explorer says air-core drilling results include a hole that intersected 28m at 2246ppm total rare earth oxides in clays.
Renewable energy player PWR Hybrid has finalised a 10-year power supply deal with Iluka Resources to be generated from its recently approved solar farm.
A development body has approved a $19 million solar facility that is expected to power Iluka Resources' Cataby mining operations for the entire life of the mine.
Renewable energy company PWR Hybrid has lodged plans to build a $19 million solar facility to potentially power Iluka Resources' Cataby mining operations.
Iluka Resources has commenced a feasibility study into potentially building a metallisation facility at Eneabba to further its downstream processing potential.
WA Premier Roger Cook believes the state has only “just scratched the surface” of its renewables potential as he outlines his vision for WA to become a global green energy superpower.
Our weekly appointments wrap includes Tom Plant, Patrick Gorman, Brendan Bate, Brett Woods, Alan Stuart-Grant, Brett Darley, David Banks and Sarina Claassens.
