ILUKA RESOURCES LIMITED — Interim / Quarterly Report 2003

Aug 28, 2003

ILUKA RESOURCES LIMITED Segmental Analysis For the half year ended 30 June 2003	Segment Revenues from sales to external customers	Profit from Ordinary Activities Before Income Tax Expense	Total Assets	Depreciation and Amortisation Expense	Acquisitions of Property, Plant and Equipment	Net Profit Attributable to the Members of of Iluka Resources
	2003 \$m	2003 \$m	2003 \$m	2003 \$m	2003 \$m\$	2003 \$m
Business Segments
Titanium Minerals and Zircon Western Australia Murray Basin Operations United States Operations Consolidated Rutile Operations* Total Titanium Minerals and Zircon	263.1 50.4 28.7 342.2	74.7 (8.1) 6.5 73.1	1,102.1 153.8 245.6 161.3 1,662.8	(45.8) (8.5) (5.4) (59.7)	(22.5) (7.4) (25.3) (3.8) (59.0)	69.4 (7.3) 2.8 64.9
Coal	16.3	4.3	29.0	(1.4)	(0.6)	3.7
Corporate and Other Net Borrowing costs Research and development Exploration and development Corporate Administration Net profit on sale of PT Koba Tin Write down of assets to recoverable amount		(12.7) (5.8) (4.0) (14.9)				(10.7) (5.0) (3.6) (12.6)
Total Business Segments	358.5	40.0	1,691.8	(61.1)	(59.6)	36.7
Discontinuing Industry segments Tin Total Discontinuing Industry segments
Total Group Business Segments	358.5	40.0	1,691.8	(61.1)	(59.6)	36.7

* Financial disclosure includes Iluka Resources Limited fair value adjustments relating to the acquisition of Basin Minerals Limited in 2002.
** Financial disclosure includes Iluka Resources Limited fair value adjustments

Geographical Segments Australia	308.1	85.5	1,446.2	(52.6)	(34.3)	75.9
United States	50.4	(8.1)	245.6	(8.5)	(25.3)	(7.3)
Corporate and Other
Net Borrowing costs		(12.7)				(10.7)
Research and development		(5.8)				(5.0)
Exploration and development		(4.0)				(3.6)
Corporate Administration		(14.9)				(12.6)
Total Group Geographical Segments	358.5	40.0	1,691.8	(61.1)	(59.6)	36.7

ILUKA RESOURCES LIMITED Segmental Analysis For the half year ended 30 June 2002	Segment Revenues from sales to external customers	Profit from Ordinary Activities Before Income Tax Expense	Total Assets	Depreciation and Amortisation Expense	Acquisitions of Property, Plant and Equipment	Net Profit Attributable to the Members of of Tluka Resources
	2002	2002	2002	2002	2002	2002
	\$m	\$m	\$m	\$m	\$m	s m
Continuing Business Segments
Titanium Minerals and Zircon
Western Australia Operations	285.5	59.4	1,071.4	(35.3)	(41.7)	67.7
United States Operations	42.0	(3.9)	245.3	(10.7)	(27.6)	(4.0)
Consolidated Rutile Operations*	42.5	3.9	158.7	(5.4)	(1.9)	0.8
Total Titanium Minerals and Zircon	370.0	59.4	1,475.4	(51.4)	(71.2)	64.5
Coal	15.7	4.3	32.0	(1.4)	(0.1)	3.0
Corporate and Other
Net Borrowing costs		(12.0)				(11.7)
Research and development Exploration and development		(2.0) (4.3)				(2.0) (4.3)
Corporate Administration		(9.1)				(8.7)
Net profit on sale of PT Koba Tin		0.8				0.8
Total Continuing Business Segments	385.7	37.1	1,507.4	(52.8)	(71.3)	41.6
Discontinuing Business Segments
Tin Total Discontinuing Business Segments	57.7 57.7	(1.4) (1.4)		(2.7) (2.7)	(1.4) (1.4)	(0.5) (0.5)
Total Group Business Segments	443.4	35.7	1,507.4	(55.5)	(72.7)	41.1

Financial disclosure includes Iluka Resources Limited fair value adjustments relating to the acquisition of Consolidated Rutile Limited (CRL). All disclosure represents 100% of CRL (ownership interest is 50% from 31 March

Geographical Segments
Australia	343.7	67.6	1.262.1	(42.1)	(43.7)	71.5
United States	42.0	(3.9)	245.3	(10.7)	(27.6)	(4.0)
Indonesia	57.7	(1.4)		(2.7)	(1.4)	(0.5)
Corporate and Other
Net Borrowing costs		(12.0)				(11.7)
Research and development		(2.0)				(2.0)
Exploration and development		(4.3)				(4.3)
Corporate Administration		(9.1)				(8.7)
Net profit on sale of PT Koba Tin		0.8				0.8
Total Group Geographical Segments	443.4	35.7	1,507.4	(55.5)	(72.7)	41.1