Deterra Royalties Limited (ASX: DRR) Share Price and News
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Deterra Royalties Limited (ASX: DRR)
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Frequently Asked Questions
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Yes, Deterra has historically paid two fully franked shareholder dividends a year.
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Deterra generally pays its shareholder dividends in March and September.
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Deterra Royalties Ltd listed on the ASX on 23 October 2020.
DRR ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
|---|---|---|---|---|---|
| YesNo |
About Deterra Royalties Limited
Deterra Royalties Ltd (ASX: DRR) manages a portfolio of mining royalty assets. The company was spun out of Iluka Resources Ltd (ASX: ILU) in October 2020 with Iluka retaining a 20% interest.
Its primary income-generating asset is a royalty covering iron ore produced by BHP from royalty Mining Area C, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024.
The royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop over the longer term as part of its plan to operate the production hub for at least 50 years.
Deterra also manages smaller royalties including Yoongarillup/Yalyalup, Wonnerup, Eneabba, and St Ives in Western Australia. The company's portfolio covers bulks, base metals, and battery metals. It plans to further diversify its royalty holdings.