Sierra Rutile Holdings Limited (ASX:SRX)

Theuns De Bruyn
Market Cap (AUD): 140M
Sector: Materials
Last Trade (AUD): 0.345 +0 (+0%)
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1. About

Sierra Rutile Holdings Limited (ASX:SRX) is one of the world's largest natural rutile producers positioned to significantly extend its mine life and deliver value through development of Sembehun.

The Company was demerged from Iluka Resources Limited (ASX:ILU) in July 2022.

Investment highlights

  • Attractive market fundamentals driven by depleting global supply and strong demand for titanium as a critical mineral
  • Established Area 1 mine operations, underpinned by favourable fiscal regime reset, positioned to generate strong operating cash flows to supplement the funding requirement of Sembehun
  • Attractive growth profile in Sembehun project with strong PFS economics leveraging existing facilities and infrastructure
  • Long-term, established customer relationships with strong demand for premium natural rutile product
  • A robust financial position (including the US$45m rehabilitation trust funds to be established to support existing rehabilitation obligations)
  • Well established ESG practices and credentials
  • Experienced, established team positioned to deliver value for shareholders

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk