Iluka Resources (ASX:ILU) recently alerted stakeholders that its production guidance for synthetic rutile in 2023 has been revised to 255KT.

The company has also noted a four-month pause in production at SR1 beginning September 30.

They have launched the commencement of a feasibility study into the metallisation of rare earth elements.

SR1 and SR2, the company’s synthetic rutile production plants, are expected to recommence operation at the end of January 2024.

The feed for Eneabba, a project concerning mineral sands, is projected to be completed by late 2023.

It’s important to note that the company’s H1 2023 production of Z/R/SR yielded 368KT across all full-capacity sites.

However, there are ongoing challenges in the cost environment in Western Australia for industry-wide projects.

Iluka Resources is an internationally recognized mineral sands company entailing exploration, project development, operations, and marketing.