Iluka spin-off aiming to hit the board in late October

ILUKA Resources spin-off Deterra Royalties plans to use its highly cash generative royalty over BHP’s Mining Area C iron ore mine as a platform for growth.

Iluka spin-off aiming to hit the board in late October Iluka spin-off aiming to hit the board in late October Iluka spin-off aiming to hit the board in late October Iluka spin-off aiming to hit the board in late October Iluka spin-off aiming to hit the board in late October

Deterra managing director Julian Andrews

Iluka yesterday released the demerger booklet ahead of a shareholder vote on October 16.

If approved, Iluka shareholders will receive one Deterra share for every share held.