Deterra Royalties is an Australia‐based diversified minerals royalty company that holds a portfolio of royalty interests across key mining jurisdictions. Established through the spin‐out of royalty assets from Iluka Resources in early 2022, Deterra provides investors with exposure to mineral sands, lithium and other base‐metal projects without the direct operational risks of mining. The company’s business model focuses on acquiring and managing net smelter return (NSR) royalties and production‐based royalties, generating stable, high‐margin cash flows from established mines as well as emerging developments.
The company’s royalty portfolio includes interests in mineral sands operations in Western Australia and South Australia, where it participates in production from major heavy mineral deposits. In addition to mineral sands, Deterra holds royalty rights over lithium projects in the Pilbara region of Western Australia, offering exposure to one of the world’s fastest-growing battery-metals markets. These royalties entitle Deterra to receive a percentage of revenue or production tonnage, providing a direct link between commodity output and royalty income.
Deterra Royalties is headquartered in Perth, Western Australia, and maintains a corporate office in Melbourne. Since its listing on the Australian Securities Exchange (ASX) and the subsequent issuance of American Depositary Receipts (ADRs) trading over the counter in the United States, the company has pursued selective expansion of its royalty base. With a longstanding foundation in Iluka’s mineral sands heritage, Deterra leverages technical expertise and industry relationships to evaluate and secure new royalty agreements.
Led by Managing Director and Chief Executive Officer Ioanna Crundwell, Deterra’s board and management team bring extensive experience in mining, finance and corporate governance. The company’s strategic focus remains on disciplined capital allocation toward accretive royalty acquisitions and the maintenance of a high‐quality, diversified portfolio. Through its royalty model, Deterra Royalties aims to deliver long-term, sustainable returns by aligning with the growth trajectories of its underlying mining partners.
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