Iluka Resources Limited (Iluka) announced an Ore Reserve estimate for the Eneabba Mineral Separation Plant (MSP) By-Product deposit following the completion of a Definitive Feasibility Study for the Eneabba MSP By-Product Ore Reserve. This Ore Reserve forms the basis of the Eneabba mineral sands recovery project, located at Eneabba, Western Australia. Eneabba MSP By-Product Ore Reserve: The Eneabba MSP By-Product Ore Reserve is estimated to contain a total Ore Reserve of 0.96mt (0.81mt Proved and 0.15mt Probable) at a Heavy Mineral (HM) grade of 83.5%, to contain 0.80mt of HM (0.68mt Proved and 0.12mt Probable). The total Ore Reserve mineral assemblage in HM is estimated to contain approximately 26% zircon and 20% monazite. The Eneabba mineral sands recovery project involves the extraction, processing and sale of a historical monazite-rich tailings stockpile that is currently stored in a mining void at Eneabba. Phase 1 of the project involves extraction and sale of zircon-monazite concentrate via a simple process. The project has received Board approval and is underpinned by an offtake agreement for 50,000 tonnes of concentrate per annum for 2 years. Site construction and off-site fabrication activities for the project are underway with expected project capex for Phase 1 less than $10 million.