ILUKA RESOURCES LIMITED — Major Shareholding Notification 2004

Oct 21, 2004

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	Huka Resources Ltd.
ACN/ARBN	A C N 008 675 018
1. Details of substantial holder (1)
Name	Franklin Resources, Inc. and its affiliates
ACN (if applicable)	N/A
There was a change in the interests of the substantial holder on	10/20/04
The previous notice was given to the company on	4/16/04
The previous notice was dated	4/16/04

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting Power (5)	Person's votes	Voting Power (5)
Ordinary Shares	22.146.495	9.51%	19.776.548	8.49%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an association 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 (6)	Consideration given in relation to change(7)	Class and number of securities affected	Person's votes affected
See Annexure B. item 1	See Annexure B, item 2	See Annexure B. item 3	See Annexure B, item 4	See Annexure B. item 5	See Annexure B. item 6

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
See Annexure B. item 7	See Annexure B, item 9	See Annexure B. item 12	See Annexure B. item 3	See Annexure B. item 8, 10 & 13	See Annexure B. item 8

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting
interests in the company or scheme are as fo

Name and ACN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
See Annexure A	See Annexure A

Signature

print name Robert Rosselot	Capacity: Assistant Secretary, Franklin
	Resources, Inc.

date

$10/21/04$

sign here

Names and addresses of all associates for whom composite notice is given: $\uparrow$

Name Name and the Marian Communications of the Marian Communications of the Marian Communications of the Marian Communications of the Marian Communications of the Marian Communications of the Marian Communications of the M	Address Manual Communities Address
Franklin Resources, Inc.	One Franklin Parkway San Mateo, CA 94403
FS Capital Group	1800 Gateway Drive San Mateo, CA 94404
Franklin Agency Inc.	One Franklin Parkway San Mateo, CA 94403
Franklin Capital Corporation	47 West 200 South, Suite 500 Salt Lake City, UT 84104-1621
Franklin Advisers Inc.	One Franklin Parkway San Mateo, CA 94403
Franklin Templeton Bank & Trust, F.S.B.	2302 President's Drive, Suite F Salt Lake City, Utah, UT 84120
Franklin Investment Advisory Services Inc.	One Franklin Parkway San Mateo, CA 94403
Franklin Private Client Group, Inc.	One Franklin Parkway San Mateo, CA 94403
Templeton Worldwide Inc.	500 East Broward Boulevard, Suite 2100 Fort Lauderdale, FL 33394-3091
Franklin Templeton Companies, LLC	One Franklin Parkway San Mateo, CA 94403
Franklin Templeton Services, LLC Franklin Templeton Investor Services, LLC	One Franklin Parkway San Mateo, CA 94403 10600 White Rock Road
Franklin Templeton Travel, Inc.	Rancho Cordova, CA 95670-6032 One Franklin Parkway
Franklin Templeton Distributors, Inc.	San Mateo, CA 94403 One Franklin Parkway
FS Properties, Inc.	San Mateo, CA 94403 1800 Gateway Drive
Templeton Funds Annuity Company	San Mateo, CA 94404 700 Central Avenue
FCC Receivables Corporation	St. Petersburg, FL 33733 One Franklin Parkway
Franklin Receivables, LLC	San Mateo, CA 94403 One Franklin Parkway
Franklin Mutual Advisers, LLC	San Mateo, CA 94403 51 John F. Kennedy Parkway
Franklin Advisory Services, LLC	Short Hills, NJ 07028-2789 One Parker Plaza, 9th Floor
Templeton Investment Counsel, LLC	Fort Lee, NJ 07024-2938 500 East Broward Boulevard, Suite 2100
Templeton Asset Management Limited	Fort Lauderdale, FL 33394-3091 7 Temasek Boulevard
Franklin Templeton Italia S.G.R.p.A	#38-03 Suntec Tower One, Singapore, 038987 Corso Italia, 1
Franklin Templeton Management Luxembourg SA	20122 Milano, Italy 26 Boulevard Royal L-2449 Luxembourg, Grand Duchy of Luxembourg
Templeton International, Inc.	500 East Broward Boulevard, Suite 2100 Fort Lauderdale, FL 33394-3091
Franklin Templeton Investment Services GmbH	Mainzer Landstr. 16 D-60325 Frankfurt-am-Main, Germany
Franklin Templeton Switzerland Limited	Bahnhofstrasse 22 CH-8022 Zurich, Switzerland

Franklin Templeton France SA/	16-18 Avenue George V
Franklin Templeton Asset Management SA	75008 Paris, France
Franklin Templeton Investments Corp	One Financial Place
	1 Adelaide Street East, Suite 2101
	Toronto, Ontario, Canada M5C 3B8
Templeton Heritage Limited	One Financial Place
	1 Adelaide Street East, Suite 2101
	Toronto, Ontario, Canada M5C 3B8
Templeton Franklin Global Distributors Limited	Appleby, Spurling & Kempe
	41 Cedar House Avenue
	P.O. Box HM 1179, Hamilton HM EX, Bermuda
Happy Dragon Holdings Limited	P.O. Box 71, Road Town
	Tortola, British Virgin Islands
Templeton/Franklin Investment Services, Inc.	26515 Carmel Rancho Blvd.
	Carmel, CA 93923
Franklin Templeton Investments (Asia) Limited	17 th Floor, Chater House
	8 Connaught Road Central, Hong Kong
Templeton do Brasil Ltda.	Rua Lauro Muller 116, Sala 2404
	Rio de Janeiro, RJ, Brazil
Templeton Research Poland SP.z.o.o	ILMET Al. Jana Pawla II 15,
	10 th Floor, 00-828 Warsaw, Poland
Templeton China Research Limited	18 Floor, North Tower, Shanghai Stock Exchange Building
	528 Pudong S. Road, Pudong District, Shanghai 200120,
	P.R. China
Templeton Asian Direct Investments Limited	17 th Floor, Chater House
	8 Connaught Road Central, Hong Kong
Franklin Templeton International Services S.A.	26 Boulevard Royal
	L-2449 Luxembourg, Grand Duchy of Luxembourg
Franklin Templeton Investments Japan Limited	Kanematsu Building, 6 th Floor
	14-1, Kyobashi 2-chome, Chuo-ku, Tokyo 104-0031, Japan
Franklin Templeton Global Investors Limited/	Exchange Tower, 19 Canning Street
Franklin Templeton Investment Management Limited	Edinburgh, Scotland EH3 8EG
Franklin Templeton Investment Management Limited	Times Place, 2 nd floor
	45 Pall Mall, London, SW1Y 5JG, England
Franklin Templeton Investments Australia Ltd.	Level 25, 360 Collins Street
	Melbourne, Victoria 3000, Australia
Templeton Global Holdings Ltd.	P.O. Box N-7759
	Lyford Cay, Nassau, Bahamas
Franklin Templeton Holding Limited	C/o Pricewaterhouse Coopers LLP
	Cathedral Square, Port Louis, Mauritius
Franklin Templeton Services Limited	The Sweepstakes Centre
	Block C, Ballsbridge, Dublin 4, Ireland
Closed Joint-Stock Company Templeton	16/2 Ulitsa Tverskaya
	Pushkin Plaza, S th Floor, 103009 Moscow, Russia
Templeton Global Advisors Limited	P.O. Box N-7759
	Lyford Cay, Nassau, Bahamas
Templeton Asset Management (India) Private Limited	Sakhar Bhavan, 1st Floor
Templeton Trustee Services (India) Private Limited	230 Backbay Reclamation, Nariman Point, Mumbai, 400-021
Franklin Templeton International Services (India)	Sakhar Bhavan, 1st Floor, 230 Backbay Reclamation,
Private Limited	Nariman Point, Mumbai, 400-021
Franklin Templeton Investment Management Limited	Transpolis Schiphol Airport
	Polarisavenue 83G, 2132 JH Hoofddorf, Holland
Templeton Asset Management (Labuan) Limited	Lot H, Level 7
	Wisma Oceanic, Jalan OKK Awang Besar
	87007 Federal Territory of Labuan, Malaysia
Franklin Templeton Investment Trust Management Co	18 th Floor, SKC Building 23-10
Ltd (Korea)	Youido-Dong, Youngdungpo-Gu, Seoul, S. Korea 150-734
Templeton Capital Advisors Ltd.	P.O. Box N-7759
	Lyford Cay, Nassau, Bahamas
Fiduciary Trust Company International	$6005^{\text{th}}$ Avenue, $4^{\text{th}}$ Floor
	New York, New York 10020

Fiduciary Tax Services, Inc.	$600.5th$ Avenue
	New York, New York 10020
Fiduciary Investment Corporation	$600.5th$ Avenue
	New York, New York 10020
Fiduciary International, Inc.	600 5 th Avenue
	New York, New York 10020
Fiduciary Financial Services Corp.	$600.5th$ Avenue New York, New York 10020
Fiduciary International Holding Inc.	1717 Pennsylvania Avenue N.W., Suite 630
	Washington DC 20006
Fiduciary Investment Management International, Inc.	1133 Connecticut Avenue, NW
	Suite 330, Washington D.C. 20036
Fiduciary Trust International of Delaware	1220 North Market Street
	Wilmington, Delaware 19801
Fiduciary Trust International of California	One Franklin Parkway, Building 910, First Floor
	San Mateo, California 94403
Fiduciary Trust International of the South	San Mateo Office:
	International Place, 100 S.E. 2 nd Street, Suite 2300
	Miami, Florida 33131-1101
Fiduciary Trust International of the South	Los Angeles Office:
	444 South Flower Street, 32 nd Floor, Los Angeles, CA 90071
FTI- Banque Fiduciary Trust	Zurich Representative Office
FTI- Banque Fiduciary Trust	Bahnhofstrasse 22, PO Box, 8022 Zurich, Switzerland World Trade Center II, Route de Pre-Bois 29,
	Case Postale 156, 1215 Geneva 15, Switzerland
Fiduciary International Ireland Limited	Deloitte & Touche House
	29 Earlsfort Terrace, Dublin 2, Ireland
FTCI (Cayman) Ltd.	11 Dr. Roy's Drive, Grand Cayman, Cayman Islands
Fiduciary Trust International Investment Management,	Kanematsu Bldg., 5 th Floor,
Inc.	2-14-1, Kyobashi, Chuo-ku, Tokyo 104-0031
Franklin Templeton Institutional Asia Limited	Two Pacific Place, Suite 1903, 88 Queensway, Hong Kong
Fiduciary Trust International Limited	2 nd Floor, Times Place
	45 Pall Mall, London, England SW1Y 5JG
Franklin Templeton Alternative Strategies, Inc.	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Darby Holdings, Inc.	1133 Connecticut Avenue, Northwest, Washington, DC 20036
Franklin Templeton Institutional, LLC	One Franklin Parkway, San Mateo, CA 94403-1906
Franklin Templeton AMC Limited	Century Centre, 75 TTK Road, Chennai, India 600018
Pioneer ITI Mutual Fund Private Limited	Century Centre, 75 TTK Road, Chennai, India 600018
Templeton Restructured Investments, LLC	500 E. Broward Blvd., Suite 2100, Fort Lauderdale, FL 33394
TRFI Investments Limited	2-4 Arch Makarios III Avenue, Capital Centre
	9 th Floor, 1505 Nicosia, Cyprus

	Names and addresses of all registered holders of relevant interests named in this form:
$\sqrt{N}$ ame	Address
National Australia Bank Ltd.	271 Collins Street, Melbourne, Victoria
JP Morgan Chase Ltd.	82 Pitt Street, New South Wales, Sydney
Citicorp Nominees Pty Ltd.	Melbourne
Westpac Banking Corp.	50 Pitt Street, Sydney, Australia

$\overline{2}$ Names and addresses of all persons entitled to be registered as holders and named in this form:

17 th Floor. Chater House 8 Connaught Road Central, Hong Kong Exchange Tower, 19 Canning Street Edinburgh, Scotland EH3 8EG One Financial Place, 1 Adelaide Street East, Suite 2101, Toronto, Ontario, Canada M5C 3B8 500 East Broward Boulevard, Suite 2100 Fort Lauderdale, FL 33394-3091 17 th Floor, Chater House 8 Connaught Road Central, Hong Kong
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091
500 East Broward Boulevard, Suite 2100
Fort Lauderdale, FL 33394-3091 500 East Broward Boulevard, Suite 2100
Fort Landerdale, FL 33394-3091

$\overline{6}$

Baker Hughes Master Trust	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Monsanto Pension Plan	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Int'l Smaller Companies Trust	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Transamerica Temp Foreign	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
SunAmerica Series	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
City of Hartford M E R F	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
AXP Partners Int'l S C F	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
City of Jacksonville G E	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
University of Illinois	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091

This is the annexure of 5 pages marked Annexure A referred to in the Form 604: Notice of Change in Interests or Entitlements of Substantial Shareholder signed by me and dated 21 October, 2004.

Robert Rosselot, Assistant Secretary

.......................................

			4. Consideration	5. Class and
1. Date of	2. Person Whose Relevant Interest	3. Nature	Given in Nature	Number of	6. Persons
Change	Changed	of Change	of Change	Securities affected votes effected
5/7/2004	Franklin Templeton Investments Asia	Acquisition	3.95 AUD	1,036	1,036
5/10/2004		Ħ	3.95 AUD	7,128	7,128
5/11/2004	\$1	Ħ	3.93 AUD	3,163	3,163
5/12/2004	51	Ħ	3.94 AUD	1,992	1,992
5/17/2004	51	Ħ	4.09 AUD	1,202	1,202
5/18/2004	51	Ħ	4.10 AUD	1,581	1,581
5/19/2004	51 51	Ħ Ħ	4.09 AUD	2,372	2,372
5/20/2004 5/21/2004	51	Ħ	4.07 AUD 4.06 AUD	1,581	1,581
	51	Ħ		2,130	2,130
5/24/2004	31		4.11 AUD	1,945	1,945
6/15/2004	51	Disposal Ħ	4.34 AUD	(21,215)	(21, 215)
6/16/2004	51	Ħ	4.39 AUD	(5, 534)	(5, 534)
6/17/2004	51		4.44 AUD	(2,691)	(2,691)
7/28/2004	51	Acquisition Ħ	4.44 AUD	5,240	5,240
8/31/2004	51	Ħ	4.73 AUD	68,100	68,100
9/3/2004	$\mathbf{H}$	n	4.72 AUD	69,080	69,080
9/9/2004			4.72 AUD	77,860	77,860
7/5/2004	Franklin Templeton Investments Corp.	Disposal	4.49 AUD	(297, 715)	(297, 715)
7/9/2004	Franklin Templeton Investments	Acquisition	4.64 AUD	28,100	28,100
6/2/2004	Management Ltd.	Ħ	4.24 AUD	220,600	220,600
4/16/2004	Templeton Investment Councel, LLC	Ħ	4.00 AUD	159,200	159,200
4/20/2004	31	Ħ	4.01 AUD	49,200	49,200
4/21/2004	51	Ħ	4.02 AUD	214,282	214,282
4/28/2004	51	Ħ	4.03 AUD	30,700	30,700
5/4/2004	51	Ħ	3.92 AUD	8,790	8,790
5/5/2004	51	Ħ	3.95 AUD	68,000	68,000
5/6/2004	51	Ħ	3.95 AUD	24,061	24,061
5/7/2004	51	Ħ	3.95 AUD	31,694	31,694
5/10/2004	51	Ħ	3.95 AUD	218,272	218,272
5/11/2004	51	Ħ	3.93 AUD	96,837	96,837
5/12/2004	51	Ħ	3.94 AUD	61,008	61,008
5/17/2004			4.09 AUD	36,798	36,798
5/18/2004	51	Ħ	4.10 AUD	48,419	48,419
5/19/2004	51	Ħ	4.09 AUD	72,628	72,628
5/20/2004	51	Ħ	4.07 AUD	48,419	48,419
5/21/2004	51	Ħ	4.06 AUD	77,870	77,870
5/24/2004	31	Ħ	4.11 AUD	71,104	71,104
6/7/2004	51	Ħ	4.29 AUD	38,420	38,420
6/15/2004	51	Disposal	4.34 AUD	(703, 800)	(703, 800)
6/16/2004	51		4.39 AUD	(214,200)	(214,200)
6/17/2004	51	Ħ	4.44 AUD	(90, 881)	(90, 881)
7/12/2004	51	Ħ	4.60 AUD	(350,000)	(350,000)
7/13/2004	51	Ħ	4.61 AUD	(327, 563)	(327, 563)
7/14/2004	51	Ħ	4.60 AUD	(230,000)	(230,000)
7/15/2004	51	Ħ	4.61 AUD	(235,000)	(235,000)
7/16/2004	51	Ħ	4.56 AUD	(25,000)	(25,000)
7/19/2004	51	Ħ	4.56 AUD	(100,000)	(100,000)

Annexure B Details of Entitlement and Relevant Interests

7/20/2004	51	Ħ	4.54 AUD	(12, 487)	(12, 487)
8/9/2004	51	Ħ	4.46 AUD	(159,206)	(159, 206)
8/10/2004	51	Ħ	4.52 AUD	(201, 194)	(201.194)
8/24/2004	51	Ħ	4.51 AUD	(26,900)	(26,900)
9/28/2004	51	Acquisition	4.79 AUD	80,100	80,100
9/28/2004	51	Ħ.	4.80 AUD	12,920	12,920
10/5/2004	51	Disposal	4.91 AUD	(85,799)	(85,799)
10/6/2004	51	Ħ	4.75 AUD	(353, 463)	(353, 463)
10/7/2004	51.	n	4.73 AUD	(67,763)	(67,763)
10/8/2004	Ħ.	Ħ	4.73 AUD	(23, 721)	(23, 721)
10/12/2004	51	Ħ	4.71 AUD	(187, 472)	(187, 472)
10/13/2004	51	Ħ.	4.71 AUD	(20,000)	(20,000)
10/14/2004	51	Ħ	4.57 AUD	(58, 145)	(58, 145)
10/15/2004	51	Ħ	4.57 AUD	(20, 229)	(20, 229)
10/18/2004	51	n	4.62 AUD	(176,063)	(176.063)
10/19/2004	51	n	4.67 AUD	(134,985)	(134,985)
10/20/2004	51	Ħ	4.68 AUD	(180, 753)	(180, 753)

7. Holder of Relevant Interest	8. Person's votes
Franklin Templeton Investments (Asia) Ltd.	5.891.730 votes
Franklin Templeton Investment Corp.	299,045 votes
Franklin Templeton Investment Management Ltd.	$1,501,145$ votes
Templeton Investment Counsel LLC	12,084,628 votes

Registered Holder of 9.	Class and Number of 10.	Person's votes 11.
Shares	Shares
JP Morgan Chase Ltd.	9,376,125 ordinary shares	9,376,125 votes
Citicorp	2,058,860 ordinary shares	2,058,860 votes
National Australia Bank Nominees	477,550 ordinary shares	477,550 votes
Ltd.
Westpac Custodian Nominees	7,864,013 ordinary shares	7,864,013 votes

112. Person entitled to be registered as holder	13. Class and Number of Shares		14. Person's votes
MUTUAL FUND / ACCOUNTS
T Global Smaller Co Fund		$5,426,320$ ordinary shares	$5,426,320$ votes
IFTIF T Smaller Cos Fund		$1,501,145$ ordinary shares	$1,501,145$ votes
Temp Int Smaller Co Fund		299,045 ordinary shares	299,045 votes
FTIT T Fgn Small Co Fund		$1,654,410$ ordinary shares	$1,654,410$ votes
TIFI - Foreign Smaller C		465,410 ordinary shares	$465,410$ votes

SEPARATE ACCOUNTS
Ford Foundation	426,386 ordinary shares	426,386 votes
Pfizer Master Trust	41,995 ordinary shares	$41,995$ votes
Illinois State Board	148,799 ordinary shares	148,799 votes
AA Pilot Variable Plan	136,250 ordinary shares	136,250 votes
AA Fixed Benefit (Equity)	136,250 ordinary shares	136,250 votes
The Boc Group Rtmt Intl	52,516 ordinary shares	$52,516$ votes
A AADV Inti Equity Fund	222,551 ordinary shares	222,55 votes
Ivy Int'l Balanced Fund	191,820 ordinary shares	$191,820$ votes
Met Life Separate 158	134,700 ordinary shares	134,700 votes
W&R Target Funds, Inc. II	1,689,200 ordinary shares	1,689,200 votes
St Brd Administration Fla	231,440 ordinary shares	$231,440$ votes
Syracuse University	228,650 ordinary shares	228,650 votes

$\overline{9}$

International Val Trust	$2,632,220$ ordinary shares	$2,632,220$ votes
Affinity Health System	29,795 ordinary shares	$29,795$ votes
Baker Hughes Master Trust	800,030 ordinary shares	800,030 votes
Monsanto Pension Plan	$34.351$ ordinary shares	$34,35$ votes
Int'l Smaller Companies T	2,467,785 ordinary shares	2,467,785 votes
Transamerica Temp Foreign	52,560 ordinary shares	$52,560$ votes
Sunamerica Series TR-FVP	138,640 ordinary shares	138,640 votes
City Of Hartford M E R F	177,840 ordinary shares	$177,840$ votes
AXP Partners Int'l S C F	196,340 ordinary shares	$196,340$ votes
City Of Jacksonville G E	$202,400$ ordinary shares	$202,400$ votes
University Of Illinois E	$57,700$ ordinary shares	57,700 votes

This is the annexure of 3 pages marked Annexure B referred to in the Form 604: Notice of change in interests or entitlements of substantial shareholder signed by me and dated 21 October, 2004.

. . . . . . . . . . . . . . . . . . . . Robert Rosselot, Assistant Secretary

$\overline{\phantom{0}}$