ILUKA RESOURCES LIMITED — Major Shareholding Notification 2004

Dec 1, 2004

FACSIMILE

Deutsche Bank

$\bar{z}$

To	Company Secretary lluka Resources Limited	Deutsche Bank AG ABN 13064 165 162 GPO Box 7033 Sydney NSW 1170 Level 18, 225 George Street
Fax No	$(08)$ 9360 4777	Sydney NSW 2000 Australia
CC.	Company Announcements Office Australian Stock Exchange	Tel: 61 2 9258 1234 Fax: 61 2 9258 2223 Direct: 61 2 9258 2674
	(via ASX Online or fax 1900 999 279)
From	Donata Lumnitzer
Date	02 December 2004
Subject	Substantial Shareholding Notice
Total Pages	6 (including this page)

If you do not receive all the pages, please telephone immediately.

This facsimile is intended only for the individual or entity named above and may contain information that is confidential and privileged. If you are not the intended recipient you must not use, distribute or copy this facsimile. If you have received this facsimile in error, please notify us immediately by telephone and destroy the original. Thank you.

$\bar{z}$

Attached is a copy of the Substantial Shareholder Notice we lodged today with the ASX. The originals were posted to you today.

Donata Lumnitzer Compliance Analyst

$\mathcal{L}_{\mathcal{A}}$

$\mathcal{L}$

Form 605

Corporations Act Section 671B

Notice of ceasing to be a substantial holder

To:	Iluka Resources Limited Level 23, 140 St George's Terrace Perth WA 6000
ABN	34 008 675 018
To:	Australian Stock Exchange Limited
1. Details of substantial holder

Name and ABN (if applicable)

Deutsche Bank AG (ABN 13 064 165 162) and its related bodies corporate (together, the "Deutsche Bank Group")

The holder ceased to be a substantial holder as at close of business on 30 November 2004.

The previous notice was given to the company on 15 October 2004. The previous notice was dated 15 October 2004.

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change 守	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
Refer to	Refer to	Refer to	Refer to schedule	Refer to schedule 1.	See previous
schedule 1.	schedule 1.	schedule 1.			column.

3. Changes in association

N/A

4. Addresses

Name Deutsche Bank AG

C/- Level 18, 225 George Street, Sydney, New South Wales 2000

Signature

Name Fonnie Mak

* Address

Date 02 December 2004

Group Name			ASX Stock Trade Date Trans Type		Trans, Number	Consideration
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	-4,788	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-7,124$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-3,984$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-4,167$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-6,408$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-6,300$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	Đ	$-3,243$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-4,309$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-7,352$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-3,923$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-7,108$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-3,824$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/10/2004	D	$-6,755$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	22/10/2004	D	$-952$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	22/10/2004	D	$-20,680$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	22/10/2004	D	$-1,473$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	22/10/2004	D	$-3,242$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	22/10/2004	D	$-20,512$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU ILU	ORD ORD	22/10/2004 22/10/2004	D	$-44,915$ $-17,791$	n/a n/a
DEUTSCHE ASSET MANAGEMENT DEUTSCHE ASSET MANAGEMENT	ILU	ORD	22/10/2004	D D	$-31,426$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	25/10/2004	S	$-42,646$	191,322.75
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	28/10/2004	S	$-15,000$	72,196.50
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	28/10/2004	В	191	$-928.20$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	2/11/2004	В	308	$-1,471.90$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	19/11/2004	D	-448,406	n/a
DEUTSCHE ASSET MANAGEMENT	ΙLU	ORD	19/11/2004	Đ	$-5,029$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	19/11/2004	D	$-11,072$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	19/11/2004	D	$-70,051$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	19/11/2004	D	$-165,492$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	19/11/2004	S	$-78,537$	415,217.27
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	19/11/2004	S	$-149,426$	790,000.32
DEUTSCHE ASSET MANAGEMENT	ILU -	ORD	22/11/2004	S	$-24,807$	130,221.87
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	24/11/2004	D	$-41,413$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD ORD	30/11/2004	S	$-10,970$	64,651.70
DEUTSCHE ASSET MANAGEMENT DEUTSCHE ASSET MANAGEMENT	ILU ILU	ORD	30/11/2004 30/11/2004	S S	$-9,269$ $-179,624$	54,626.85 1,058,614.04
DEUTSCHE SECURITIES	ILU	ORD	15/10/2004	S	$-36,879$	166,984.42
DEUTSCHE SECURITIES	ILU	ORD	15/10/2004	Β	36,879	-166,984.65
DEUTSCHE SECURITIES	ILU	ORD	19/10/2004	$\mathbb S$	$-30,097$	140,224.16
DEUTSCHE SECURITIES	ľЦ	ORD	19/10/2004	S	$-20,000$	93,324.00
DEUTSCHE SECURITIES	ILU.	ORD	19/10/2004	S	$-41,754$	194,840.42
DEUTSCHE SECURITIES	ILU	ORD	20/10/2004	S	$-56,140$	262,707.37
DEUTSCHE SECURITIES	ILU	ORD	20/10/2004	S	$-25,669$	120,184.82
DEUTSCHE SECURITIES	ILU	ORD	20/10/2004	S	$-9,960$	46,736.80
DEUTSCHE SECURITIES	ILU	ORD	21/10/2004	S	$-7,903$	36,713.39
DEUTSCHE SECURITIES	ILU	ORD	21/10/2004	S	$-8,741$	40,680.35
DEUTSCHE SECURITIES	ILU	ORD	21/10/2004	B	5,368	$-25,014.88$
DEUTSCHE SECURITIES	ILU	ORD	21/10/2004	S	$-5,248$	24,455.68
DEUTSCHE SECURITIES	ILU	ORD	22/10/2004	S	$-240$	1,112.40
DEUTSCHE SECURITIES	ILU.	ORD ORD	22/10/2004 22/10/2004	Β	120 600	$-559.20$ $-2,796.00$
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU ILU		ORD 25/10/2004	в В	5,819	$-25,952.74$

NB: Transaction type "D" denotes inspecie transfer.
Some transactions are not available at time of filing.

÷, $\bar{\mathcal{A}}$

$\mathcal{L}$

Group Name			ASX Stock Trade Date Trans Type		Trans, Number	Consideration
DEUTSCHE SECURITIES	ILU	ORD	25/10/2004	₿	6,200	$-28,027.70$
DEUTSCHE SECURITIES	ILU	ORD	25/10/2004	в	1	$-4.53$
DEUTSCHE SECURITIES	ILU	ORD	26/10/2004	S	-1	4.50
DEUTSCHE SECURITIES	ILU	ORD	26/10/2004	S	$-300$	1,357.50
DEUTSCHE SECURITIES	ILU	ORD	26/10/2004	в	40,000	$-181,984.00$
DEUTSCHE SECURITIES	ILU	ORD	26/10/2004	S	$-50,120$	230,552.00
DEUTSCHE SECURITIES	ILU	ORD	26/10/2004	S	$-1,361$	6,274.21
DEUTSCHE SECURITIES	ILU	ORD	27/10/2004	S	$-131,789$	607,547.29
DEUTSCHE SECURITIES	ILU	ORD	27/10/2004	S	$-7,000$	32,795.00
DEUTSCHE SECURITIES	ILU	ORD	27/10/2004	B	12,500	$-58,625.00$
DEUTSCHE SECURITIES	ILU	ORD	27/10/2004	S	$-26,485$	124,611.93
DEUTSCHE SECURITIES	ILU	ORD	27/10/2004	B	50,120	$-235,839.66$
DEUTSCHE SECURITIES	ILU	ORD	27/10/2004	В	$\overline{2}$	$-9.47$
DEUTSCHE SECURITIES	ILU	ORD	28/10/2004	S	$-20,398$	96,890.50
DEUTSCHE SECURITIES	ILU	ORD	28/10/2004	Β	1,000	-4,750.00
DEUTSCHE SECURITIES	ILU	ORD	28/10/2004	S	-2	9.50
DEUTSCHE SECURITIES	ILU	ORD	28/10/2004	S	$-21,086$	101,063.97
DEUTSCHE SECURITIES	ILU	ORD	28/10/2004	B	3,470	$-16,656.00$
DEUTSCHE SECURITIES	ILU	ORD	28/10/2004	S	$-4,400$	21,285.00
DEUTSCHE SECURITIES	ILU	ORD	29/10/2004	S	$-3,470$	16,656.00
DEUTSCHE SECURITIES	ILU	ORD	29/10/2004	S	$-12,500$	60,000.00
DEUTSCHE SECURITIES	ILU	ORD	29/10/2004	S	$-23,481$	113,715.92
DEUTSCHE SECURITIES	ILU	ORD	29/10/2004	S	$-32,019$	155,959.55
DEUTSCHE SECURITIES	ILU	ORD	29/10/2004	S	$-80,000$	390,528.00
DEUTSCHE SECURITIES	ILU	ORD	1/11/2004	B	163	$-779.14$
DEUTSCHE SECURITIES	ILU	ORD	1/11/2004	S	$-7,334$	35,624.62
DEUTSCHE SECURITIES	ILU	ORD	1/11/2004	S	$-1,000$	4,888.81
DEUTSCHE SECURITIES	ILU	ORD	1/11/2004	S	$-27,861$	136,799.64
DEUTSCHE SECURITIES	ILU	ORD	2/11/2004	B	2,581	$-12,233.94$
DEUTSCHE SECURITIES	ILU	ORD	2/11/2004	B	20,843	$-99,218.93$
DEUTSCHE SECURITIES	ILU	ORD	2/11/2004	B	33,235	-158,760.27
DEUTSCHE SECURITIES	ILU	ORD	2/11/2004	S	$-2,024$	9,694.96
DEUTSCHE SECURITIES	ILU	ORD	2/11/2004	S	$-6,647$	31,905.60
DEUTSCHE SECURITIES	ILU	ORD	3/11/2004	В	5,000	$-23,575.00$
DEUTSCHE SECURITIES	ILU	ORD	3/11/2004	В	750	$-3,547.50$
DEUTSCHE SECURITIES	ILU	ORD	3/11/2004	в	31,650	-150,027.33
DEUTSCHE SECURITIES	ILU	ORD	4/11/2004	в	2,838	$-13,480.50$
DEUTSCHE SECURITIES	ILU	ORD	4/11/2004	в	20,000	$-95,290.94$
DEUTSCHE SECURITIES	ILU	ORD	4/11/2004	в	2,100	$-10,038.00$
DEUTSCHE SECURITIES	ILU	ORD	4/11/2004	Β	346	$-1,657.34$
DEUTSCHE SECURITIES	ILU	ORD	4/11/2004	B	20,000	-96,804.00
DEUTSCHE SECURITIES	ILU	ORD	4/11/2004	S	$-2,000$	9,695.78
DEUTSCHE SECURITIES	ILU	ORD	5/11/2004	В	53	$-254.93$
DEUTSCHE SECURITIES	ILU	ORD	5/11/2004	Β	8,682	-42,797.64
DEUTSCHE SECURITIES	ILU	ORD	5/11/2004	B	10,000	$-49,400.00$
DEUTSCHE SECURITIES	IL.U	ORD	5/11/2004	S	$-2,931$	14,567.07
DEUTSCHE SECURITIES	ILU	ORD	5/11/2004	S	$-111,135$	562,688.68
DEUTSCHE SECURITIES	ILU	ORD	5/11/2004	В	36,926	-187,650.55
DEUTSCHE SECURITIES	ILU	ORD	5/11/2004	S	$-1,396$	7,166.51
DEUTSCHE SECURITIES	ILU	ORD	5/11/2004	в	2,792	$-14,343.35$
DEUTSCHE SECURITIES	ILU	ORD	8/11/2004	S	$-16,142$	85,250.30
DEUTSCHE SECURITIES	ILU	ORD	8/11/2004	В	25,847	$-136,513.52$
DEUTSCHE SECURITIES	ILU	ORD	8/11/2004	S	$-24,648$	130,291.38

NB: Transaction type "D" denotes inspecie transfer.
Some transactions are not available at time of filing.

$\cdot$

Group Name			ASX Stock Trade Date Trans Type		Trans, Number	Consideration
DEUTSCHE SECURITIES	ILU	ORD	8/11/2004	$\overline{s}$	$-4,201$	23,063.49
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	S	$-1,396$	7,167.76
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	S	$-1,000$	5,200.00
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	B	2,300	$-12,028.88$
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	В	11,078	-58,070.88
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	S	$-64,000$	335,827.20
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	S	$-9,207$	48,794.23
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	S	$-3,446$	18,282.28
DEUTSCHE SECURITIES	ILU	ORD	9/11/2004	S	$-17,400$	92,410.00
DEUTSCHE SECURITIES	ILU	ORD	10/11/2004	S	$-32,329$	166,221.87
DEUTSCHE SECURITIES	ILU	ORD	10/11/2004	в	32,329	-166,222.79
DEUTSCHE SECURITIES	ILU	ORD	10/11/2004	S	$-3,207$	16,548.12
DEUTSCHE SECURITIES	ILU	ORD	10/11/2004	S	$-5,833$	30,156.61
DEUTSCHE SECURITIES	ILU	ORD	10/11/2004	Β	5,700	$-29,477.00$
DEUTSCHE SECURITIES	ILU	ORD	10/11/2004	в	5,833	$-30,506.59$
DEUTSCHE SECURITIES	ILU	ORD	11/11/2004	В	19,840	$-104,160.00$
DEUTSCHE SECURITIES	ILU	ORD	11/11/2004	S	$-32$	168.00
DEUTSCHE SECURITIES	ILU	ORD	11/11/2004	B	5,500	$-28,875.00$
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU ILU	ORD ORD	12/11/2004 12/11/2004	в	2,265	$-11,891.25$
DEUTSCHE SECURITIES	ILU	ORD	12/11/2004	B В	2,647 4,000	$-13,896.75$ $-21,320.00$
DEUTSCHE SECURITIES	ILU	ORD	15/11/2004	в	3,267	$-17,340.10$
DEUTSCHE SECURITIES	ILU	ORD	16/11/2004	₿	4,733	$-25,024.90$
DEUTSCHE SECURITIES	ILU	ORD	16/11/2004	S	$-4,000$	21,240.00
DEUTSCHE SECURITIES	ILU	ORD	16/11/2004	B	5,215	$-27,795.95$
DEUTSCHE SECURITIES	ILU	ORD	17/11/2004	В	11,889	$-62,621.93$
DEUTSCHE SECURITIES	ILU	ORD	17/11/2004	B	2,000	$-10,540.00$
DEUTSCHE SECURITIES	ILU	ORD	17/11/2004	B	1	$-5.29$
DEUTSCHE SECURITIES	ILU	ORD	17/11/2004	S	$-1$	5.29
DEUTSCHE SECURITIES	ILU	ORD	17/11/2004	В	17,401	$-92,177.94$
DEUTSCHE SECURITIES	ILU	ORD	17/11/2004	₿	262,893	$-1,397,723.21$
DEUTSCHE SECURITIES	ILU	ORD	17/11/2004	S	$-262,893$	1,397,732.88
DEUTSCHE SECURITIES	ILU	ORD	18/11/2004	B	974,413	$-3,897,652.00$
DEUTSCHE SECURITIES	ILU	ORD	18/11/2004	S	$-905$	4,796.50
DEUTSCHE SECURITIES	ILU	ORD	18/11/2004	в	5,000	$-26,500.00$
DEUTSCHE SECURITIES	ILU	ORD	18/11/2004	в	7,426	$-39,482.06$
DEUTSCHE SECURITIES	ILU	ORD	19/11/2004	S	$-5,142$	27,149.76
DEUTSCHE SECURITIES	ILU	ORD	19/11/2004	S	$-9,586$	50,901.66
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU	ORD	22/11/2004 22/11/2004	в	18,119	$-95,049.47$
DEUTSCHE SECURITIES	ILU ILU	ORD ORD	22/11/2004	в B	10,000 8,284	$-52,500.00$ $-43,517.28$
DEUTSCHE SECURITIES	ILU	ORD	23/11/2004	B	5,098	$-27,301.03$
DEUTSCHE SECURITIES	ILU.	ORD	23/11/2004	S	$-10,000$	54,750.00
DEUTSCHE SECURITIES	ILU	ORD	23/11/2004	S	$-12,200$	67,580.00
DEUTSCHE SECURITIES	ILU.	ORD	24/11/2004	В	5,900	$-32,806.00$
DEUTSCHE SECURITIES	ILU	ORD	24/11/2004	В	3,750	$-21,052.50$
DEUTSCHE SECURITIES	ILU	ORD	24/11/2004	В	11,022	$-62,391.13$
DEUTSCHE SECURITIES	ILU	ORD	24/11/2004	S	$-28,824$	164,129.00
DEUTSCHE SECURITIES	ILU	ORD	24/11/2004	S	$-12,900$	73,606.00
DEUTSCHE SECURITIES	ILU	ORD	25/11/2004	S	$-33,000$	188,100.00
DEUTSCHE SECURITIES	ILU	ORD	25/11/2004	S	$-32,000$	182,806.40
DEUTSCHE SECURITIES	ILU	ORD	25/11/2004	S	$-12,473$	71,400.67
DEUTSCHE SECURITIES	ILU	ORD	25/11/2004	S	$-5,500$	31,570.00

NB: Transaction type "D" denotes inspecie transfer.
Some transactions are not available at time of filing.

3 of schedule

$\ddot{\phantom{a}}$

Group Name				ASX Stock Trade Date Trans Type	Trans, Number	Consideration
DEUTSCHE SECURITIES	11.U	ORD.	26/11/2004	S	$-2,300$	13,041.00
DEUTSCHE SECURITIES	1LU.	ORD.	29/11/2004	s	$-10,000$	57,060.00
DEUTSCHE SECURITIES	ILU.		ORD 29/11/2004	в	417	$-2,393.58$
DEUTSCHE SECURITIES	ШU		ORD 30/11/2004	S	$-46,500$	271,254.90
DEUTSCHE SECURITIES	IL U		ORD 30/11/2004	s	$-2,090$	12,221.07
DEUTSCHE SECURITIES	ILU	ORD.	30/11/2004	S	$-4,266$	24,956.10
DEUTSCHE SECURITIES	ILU	ORD.	30/11/2004	В	6,356	$-37,199.13$
DEUTSCHE SECURITIES	ILU	ORD.	30/11/2004	S	$-25,303$	149.019.49
DEUTSCHE SECURITIES	ILU				Various trades in options over 9,000 shares

$\mathcal{L}^{\text{max}}{\text{max}}$ , where $\mathcal{L}^{\text{max}}{\text{max}}$

$\mathcal{L}^{\text{max}}{\text{max}}$ , $\mathcal{L}^{\text{max}}{\text{max}}$

$\sim 10^{11}$

$\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L}}(\mathcal{L}^{\mathcal{L$

$\sim 10^{-11}$