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ILUKA RESOURCES LIMITED Capital/Financing Update 2002

Nov 5, 2002

65116_rns_2002-11-05_dee5814e-e009-4959-9475-d7649290b8ee.pdf

Capital/Financing Update

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Level 4, 12-14 O'Connell Street, Sydney 2000 Australia GPO Box 3386, Sydney 1043 Australia www.consbh.com.au

ABN 27 009 423 858

Tel: +61 2 9221 1805 Fax: +61 2 9221 0580 [email protected]

6 November 2002

Company Announcement Office Australian Stock Exchange Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sirs,

Sale of Mineral Sand Interests Re:

The Company has completed the sale of its Murray Basin mineral sand exploration titles to Iluka Resources Limited for a cash consideration of \$400,000.

The sale results from the Company's focus on base metal resources and the development of the Broken Hill zinc-lead-silver assets.

Yours faithfully, CONSOLIDATED BROKEN HILL LTD

Robert E. Besley Managing Director