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ILUKA RESOURCES LIMITED Capital/Financing Update 2002

Nov 5, 2002

65116_rns_2002-11-05_170575cb-77e9-4fac-90cc-04f1e3d29f95.pdf

Capital/Financing Update

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Date: 6 November 2002 Ref: SHR5

ILUKA RESOURCES LIMITED

To: Company Announcements Office
Company: Australian Stock Exchange
From: Ian Gregory
Fax No: (08) 9221 7744
Fax No:
Pages:
1300 300 021 email: [email protected]

Iluka Successful Bidder for Consolidated Broken Hill Ltd Murray Basin Subject: Tenements

Please find attached a notice advising of Iluka's successful bid for Consolidated Broken Hill Ltd Murray Basin Tenements.

021106 FAX ASX Bid for Consolidated Broken Hill:leg:nm

Notice to the Australian Stock Exchange

6th November 2002

ILUKA SUCCESSFUL BIDDER FOR CONSOLIDATED BROKEN HILL LTD MURRAY BASIN TENEMENTS

Iluka Resources Limited has invested A\$400,000 to acquire two tenements in south-west New South Wales from Consolidated Broken Hill Ltd.

The tenements consist of Exploration Licence 5951 (1,578 square kilometres) located at Wamberra, north of Euston and adjacent to Iluka's existing Dispersion, Kerribee and Koolaman deposits and Exploration Licence 5577 (8,811 square kilometres) located near Ivanhoe on the north-eastern margin of the Murray Basin.

These acquisitions further consolidate Iluka's pre-eminent ground position within the developing northern sector of the Murray Basin mineral sands province.

Investment Community & Media contact:

Geoff Wedgwood Phone: +61 8 9221 7611 Mobile: 0409 997 256