Balranald — mine

High-grade critical minerals deposit in south-western New South Wales (Murray Basin), rich in natural rutile and premium zircon with light and heavy rare earths, located ~70m below surface within a hyper-saline water table. Iluka has developed and is commissioning a novel remotely-operated underground mining technology that reduces environmental disturbance. Construction progressed through 2025 with commissioning of mining equipment and processing plant; a solar farm began construction in October 2025. Mining and processing of run-of-mine ore commenced in January 2026, ramping to steady state by mid-2026. Reserves and resources reported at the Murray Basin level.