$1B govt backing gives Iluka confidence to go ahead with Eneabba refinery

LANDING a $1 billion in federal government backing has helped Iluka’s board to give the company’s $1.27 billion Eneabba rare earths refinery project the green light.

$1B govt backing gives Iluka confidence to go ahead with Eneabba refinery $1B govt backing gives Iluka confidence to go ahead with Eneabba refinery $1B govt backing gives Iluka confidence to go ahead with Eneabba refinery $1B govt backing gives Iluka confidence to go ahead with Eneabba refinery $1B govt backing gives Iluka confidence to go ahead with Eneabba refinery

Refinery potential a platform for further steps down the rare earths value chain.

The government backing comes in the form of a non-recourse loan under its $2 billion Critical Minerals facility administered by Export Finance Australia.