Iluka Resources Limited · ASX:ILU
Iluka Resources — Rare Earths Mines, Magnets and Motors 2025
14 slides from Iluka Resources's conference presentation, Sep 25, 2025
Slide 1: Iluka Resources 2025 Rare Earths Mines, Magnets and Motors
Iluka Resources (ASX:ILU) 2025 Rare Earths Mines, Magnets and Motors Adele Stratton, Chief Financial Officer & Head of Development
Slide 2: Rare earths in 2025
Rare earths in 2025 Lots of announcements… but the same challenges remain DISCIPLINED WE NEED TO SUPPORT TODAY’S ‘INDEX’ PRICING ALLOCATION OF GOVERNMENT EFFORTS DOES NOT SUPPORT A RESOURCES TO SUPPORT TO DEVELOP A HEALTHY SECURE AND BROADER INDUSTRY AND COMPETITIVE SUSTAINABLE INDUSTRY DEVELOPMENT
Slide 3: Eneabba rare earths refinery
Eneabba rare earths refinery 3 Construction progressing on schedule at Australia’s first fully-integrated refinery for the production of separated light and heavy rare earth oxides • Equipment arriving on site in preparation for placement including: – mixer settlers – agitators for the SX building –
Slide 4: Eneabba site: Concentrator, Refinery, Stockpile
Concentrator Plant (operational) Refinery Stockpile Eneabba rare earths refinery, Western Australia
Slide 5: Eneabba rare earths refinery, Western Australia
Eneabba rare earths refinery, Western Australia
Slide 6: Eneabba Workers Camp, Western Australia
Eneabba Workers Camp, Western Australia
Slide 7: Eneabba Concentrator, Western Australia
Eneabba Concentrator, Western Australia
Slide 8: Longevity and future feed sources
Longevity and future feed sources A strategic infrastructure asset capable of processing a broad range of feedstocks including mineral sands concentrates, hard rock concentrates and ionic clay carbonates Eneabba stockpile 1 million tonnes of concentrate rich in light and heavy rare earths Current op
Slide 9: Reliance on China for rare earths and their prices
Reliance on China for rare earths and their prices NdPr Oxide US$/kg (Asian Metals Index) 180.00 160.00 Chinese Rare Earth Office meets with major rare earth producers with intent to 140.00 “guide prices to return to rationality” US Government & MP 120.00 USD$/t Materials Agreement 100.00 80.00 60.0
Slide 10: Evolving supply chain
Evolving supply chain Sustainable production Western produced material offers Safe processing and handling regulations the key strategic benefit of High standards for worker rights security of supply. It also offers: Strict environmental regulations and reporting Lower impact production Eq
Slide 11: Government intervention is not enough
Government intervention is not enough Intervention was necessary, now the downstream industry needs to support sustainable pricing mechanisms MP Materials - Net profit vs NdPr price NdFeB Permanent Magnets in EVs3 USD Hybrid Plug- Fully million USD/kg in hybrid electric $100 MP Materials NdPr (US$/
Slide 12: Pricing that offers stability
Pricing that offers stability The industry needs to move towards pricing that offers stability as well as valuing security of supply, ESG compliance and long-term resilience Forecasts move dramatically and are influenced by geopolitics – Morgan Stanley’s response to China’s export control laws in re
Slide 13: Collaboration for a healthy and competitive industry
Collaboration for a healthy and competitive industry Facilities such as Eneabba offer a processing option, reducing required capital for new projects A Processing Hub Upstream partners share in the success and benefit from the value This graph provides an illustrative production scenario for potenti
Slide 14: Summary
Summary Iluka’s rare earths business is making a significant contribution to the development of a sustainable industry China’s dominance threatens western and likeminded manufacturing → actions in 2025 demonstrate this risk is real Iluka is delivering diversified supply and stable pricing → both ess
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