ILUKA RESOURCES LIMITED — Major Shareholding Notification 2004

Jan 14, 2004

FACSIMILE

Deutsche Bank

To:	Company Secretary Iluka Resources Limited	Deutsche Bank AG ABN 13064 165 162 GPO Box 7033 Sydney NSW 1170
Fax No	$(08)$ 9360 4777	Level 18, 225 George Street Sydney NSW 2000 Australia
СC	Company Announcements Office Australian Stock Exchange	Tel: 61 2 9258 1234 Fax: 61 2 9258 2223 Direct: 61 2 9258 2703
	(via ASX Online or fax 1900 999 279)
From	Fonnie Mak
Date	15 January 2004
Subject	Substantial Shareholding Notice
Total Pages	(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.

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

Fonnie Mak Compliance Manager

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To:	Iluka Resources Limited Level 23 140 St Georges Terrace Perth WA 6000
ABN	34 008 675 018
To:	Australian Stock Exchange Limited
1. Details of substantial shareholder
Name	Deutsche Bank AG (ABN 13 064 165 162) and its related bodies

corporate (together, the "Deutsche Bank Group") gives notice of a change in its relevant interests.

There was a change in the interests of the substantial holder on 14 January 2004. The previous notice was dated 24 November 2003.

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 had a relevant interest 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		Previous notice c.o.b. 20 Nov 2003	Present notice .c.o.b. 14 Jan 2004
	Voting power Person's votes		Person's votes	Voting power
Ordinary Shares	13.004.534	5.58 %	15,734,091	6.76%

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 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	Consideration given in relation to change	Class and number of securities	Person's votes
Refer to	Refer to	Refer to	Refer to	Refer to	See previous
-schedule 1.	schedule 1.	schedule 1	schedule 1	schedule 1	column.

$\mathbf{1}$

4. Present relevant interests

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

$\bar{\zeta}$

$\bar{z}$

Holder of	Registered holder of	Person entitled to be	Nature of	Class (ordinary	Person's
relevant interest	securities	registered as holder	relevant	shares unless	Votes
			interest	stated) and
				number of
				securities
Deutsche Asset	Asgard Capital	Asgard Capital	As	57,974	57,974
Management	Management Ltd	Management Ltd as	investment
(Australia)		Responsible Entity for	manager
Limited and		The Asgard Separately
each of its		Managed Account
holding
companies in
the Deutsche
Bank Group.
	Cogent Nominees	Anglican Retirement		29,120	29,120
	Pty Ltd	Villages Diocese of Sydney
	JP Morgan	FSS Trustee Corporation,		1,068,940	1,068,940
	Custodial Services	as trustee of certain
	Pty Ltd	superannuation schemes under the
		Superannuation
		Administration Act
	JP Morgan	SAS Trustee Corporation,		3,333,867	3,333,867
	Custodial Services	as trustee of certain
	Pty Ltd	superannuation schemes
		under the
		Superannuation
		Administration Act
	JP Morgan	EIF Pty Ltd as trustee for		510,824	510,824
	Nominees Australia	the Energy Investment
	Limited	Fund
	JP Morgan	LGSS Pty Limited and		1,882,275	1,882,275
	Nominees Australia	LIF Pty Limited as
	Limited	Trustees of the Local
		Government
		Superannuation Scheme
		and Local Investment
		Fund respectively
	JP Morgan	Zurich Investment		4,857,948	4,857,948
	Nominees Australia	Management Limited as
	Limited	Responsible Entity for
		ZIM Unit Trusts
	National Australia	Seafarer's Retirement		115,762	115,762
	Bank Limited	Fund Pty Ltd as Trustee
		of the Seafarer's
		Retirement Fund
	National Australia	Victorian Funds		822,189	822,189
	Bank Limited	Management
		Corporation as trustee
		for the Government
		Superannuation Office

l,

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Nature of relevant interest	Class (ordinary shares unless stated) and number of securities	Person's Votes
Deutsche Asset Management (Australia) Limited and each of its holding companies in the Deutsche Bank Group.	National Australia Bank Limited	Victorian Funds Management Corporation as trustee for the Victorian Transport Accident Commission	As investment manager	473,578	473,578
	National Australia Bank Limited	Victorian Funds Management Corporation as trustee for the Victorian WorkCover Authority		552,429	552,429
	RBC Global Services Australia Nominees Pty Limited	Deutsche Asset Management (Australia) Limited as responsible entity for the Deutsche Australian Equities Alpha Fund		1,733,296	1,733,296
	RBC Global Services Australia Nominees Pty Limited	Deutsche Asset Management (Australia) Limited as responsible entity for the Deutsche Core Australian Equities Fund		62,490	62,490
	RBC Global Services Australia Nominees Pty Limited	Not applicable		1,704	1,704
	Westpac Custodian Nominees Ltd	PMI Mortgage Insurance Limited		130,000	130,000
Deutsche Securities Australia Limited and each of its holding companies in the Deutsche Bank Group.	Pan Australian Nominees Pty Ltd	Pan Australian Nominees Pty Ltd	Principal	89,854	89,854
Deutsche Asset Management Limited or other foreign member of the Deutsche Bank Group and each of their holding companies in the Deutsche Bank Group.	Not available at time of filing.	Not available at time of filing.	As investment manager	11,841	11,841

5. Change in association

N/A.

i.

6. Addresses

Name
Deutsche Bank Group C/- Level 18, 225 George Street, Sydney, New South Wales 2000

l,

$\bar{\mathcal{L}}$

Signature

Name Fonnie Mak Date 15 Jan 2004

Schedule 1 to Form 604

Group Name	ASX	Stock		Trade Date Trans Type	Trans, Number	Consideration
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21-Nov-03	в	270,000	$-1,135,728.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	25-Nov-03	S	$-14,848$	60,505.60
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	04-Dec-03	А	1,373	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	04-Dec-03	B	83,694	-349,840.92
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	05-Dec-03	B	20,000	$-85,000.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	08-Dec-03	B	500,000	$-2,147,600.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	11-Dec-03	В	109,372	-459,559.27
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	12-Dec-03	В	275,000	$-1,166,990.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	16-Dec-03	B	215,628	-915,707.43
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	18-Dec-03	S	$-10,824$	46,651.44
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	23-Dec-03	D	$-305$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	23-Dec-03	D	$-428$	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	23-Dec-03	А	1,609	n/a
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	23-Dec-03	B	250,000	-1,098,575.00
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	30-Dec-03	B	70,000	$-312,655.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	31-Dec-03	B	152,500	$-687,897.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	07-Jan-04	B	25,000	-110,195.00
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	12-Jan-04	В	130,000	$-549,744.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	14-Jan-04	Β	835,512	-3,536,220.99
DEUTSCHE SECURITIES	ILU	ORD	21-Nov-03	B	22,484	$-93,223.68$
DEUTSCHE SECURITIES	ILU	ORD	21-Nov-03	S	$-22,484$	93,223.68
DEUTSCHE SECURITIES	ILU	ORD	21-Nov-03	B	80,000	-328,200.00
DEUTSCHE SECURITIES	ILU	ORD	21-Nov-03	S	$-3,772$	16,031.00
DEUTSCHE SECURITIES	ILU	ORD	24-Nov-03	Β	7,644	$-31,263.96$
DEUTSCHE SECURITIES	ILU	ORD	24-Nov-03	S	$-7,644$	31,248.67
DEUTSCHE SECURITIES	ILU	ORD	24-Nov-03	В	7,000	$-28,630.00$
DEUTSCHE SECURITIES	ILU	ORD	24-Nov-03	B	7,644	$-31,248.67$
DEUTSCHE SECURITIES	ILU	ORD	24-Nov-03	S	$-15,288$	62,512.63
DEUTSCHE SECURITIES	ILU	ORD	24-Nov-03	в	640	$-2,617.60$
DEUTSCHE SECURITIES	ILU	ORD	25-Nov-03	B	95,634	$-389,249.51$
DEUTSCHE SECURITIES	ILU	ORD	25-Nov-03	S	$-3,000$	12,180.00
DEUTSCHE SECURITIES	ILU	ORD	25-Nov-03	B	640	$-2,617.60$
DEUTSCHE SECURITIES	ILU	ORD	26-Nov-03	B	39,581	-157,591.75
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU	ORD ORD	26-Nov-03	В	4,600	$-18,584.00$
DEUTSCHE SECURITIES	ILU ILU	ORD	26-Nov-03 26-Nov-03	S S	$-55,000$ $-1,500$	219,450.00 5,985.00
DEUTSCHE SECURITIES	ILU	ORD	26-Nov-03	в	1,280	$-5,139.20$
DEUTSCHE SECURITIES	ILU	ORD	27-Nov-03	S	$-7,386$	30,012.32
DEUTSCHE SECURITIES	ILU	ORD	27-Nov-03	в	7,386	$-30,085.03$
DEUTSCHE SECURITIES	ILU	ORD	27-Nov-03	B	19,613	$-80,134.80$
DEUTSCHE SECURITIES	ILU	ORD	27-Nov-03	B	1,000	$-4,078.00$
DEUTSCHE SECURITIES	ILU	ORD	27-Nov-03	S	$-75,830$	309,720.05
DEUTSCHE SECURITIES	ILU	ORD	28-Nov-03	B	16,575	$-67,311.08$
DEUTSCHE SECURITIES	ILU	ORD	28-Nov-03	S	$-16,575$	67,311.08
DEUTSCHE SECURITIES	ILU	ORD	01-Dec-03	B	7,977	$-32,466.39$
DEUTSCHE SECURITIES	ILU	ORD	02-Dec-03	В	17,400	$-70,845.67$
DEUTSCHE SECURITIES	ILU	ORD	02-Dec-03	S	$-25,000$	101,750.00
DEUTSCHE SECURITIES	ILU	ORD	03-Dec-03	B	2,000	$-8,200.00$
DEUTSCHE SECURITIES	ILU	ORD	04-Dec-03	S	$-55,524$	232,429.02
DEUTSCHE SECURITIES	ILU	ORD	04-Dec-03	S	$-35,400$	148,260.97
DEUTSCHE SECURITIES	ILU.	ORD	04-Dec-03	$\mathbb S$	$-7,645$	31,956.10
DEUTSCHE SECURITIES	ILU	ORD	05-Dec-03	S S	$-86,008$	364, 149. 27
DEUTSCHE SECURITIES	ILU.	ORD	05-Dec-03		$-39,879$	169,255.33

NB: Transaction types "A" and "D" denote inspecie transfer.

$\bar{z}$

$\hat{\mathcal{L}}$

$\frac{1}{2}$

Schedule 1 to Form 604

$\mathbb{R}^2$

Group Name
DEUTSCHE SECURITIES	ASX. ΪLU	Stock ORD	05-Dec-03	Trade Date Trans Type $\overline{s}$	Trans, Number	Consideration
DEUTSCHE SECURITIES	ILU	ORD	05-Dec-03	S	$-10,000$ $-1,500$	42,400.00 6,345.00
DEUTSCHE SECURITIES	ILU	ORD	05-Dec-03	S	$-4,236$	17,748.84
DEUTSCHE SECURITIES	ILU	ORD	09-Dec-03	S	$-2,076$	8,935.73
DEUTSCHE SECURITIES	ILU	ORD	09-Dec-03	B	2,076	$-8,781.48$
DEUTSCHE SECURITIES	ILU	ORD	09-Dec-03	$\mathbb S$	$-33,502$	141,556.00
DEUTSCHE SECURITIES	ILU	ORD	09-Dec-03	S	$-2,711$	11,548.86
DEUTSCHE SECURITIES	ILU	ORD	10-Dec-03	S	$-10,000$	42,250.00
DEUTSCHE SECURITIES	ILU	ORD	11-Dec-03	S	$-5,021$	21,209.71
DEUTSCHE SECURITIES	ILU	ORD	12-Dec-03	S	$-4,300$	18,239.52
DEUTSCHE SECURITIES	ILU	ORD	15-Dec-03	В	1,200	$-5,244.00$
DEUTSCHE SECURITIES	ILU	ORD	16-Dec-03	B	32,692	-139,594.84
DEUTSCHE SECURITIES	ILU	ORD	16-Dec-03	S	$-32,692$	139,594.84
DEUTSCHE SECURITIES	ILU	ORD	17-Dec-03	В	9,242	$-40,110.28$
DEUTSCHE SECURITIES	ILU	ORD	17-Dec-03	S	$-9,242$	40,110.28
DEUTSCHE SECURITIES	ILU	ORD	24-Dec-03	В	8,436	$-36,527.88$
DEUTSCHE SECURITIES	ILU	ORD	29-Dec-03	S	$-7,219$	31,547.05
DEUTSCHE SECURITIES	ILU	ORD	29-Dec-03	B	7,219	$-31,547.03$
DEUTSCHE SECURITIES	ILU	ORD	29-Dec-03	B	2,101	$-9,118.34$
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	B	14,500	$-65,150.09$
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	S	$-14,500$	64,815.00
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	B	1,477	$-6,690.81$
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	S	$-1,477$	6,690.81
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	В	49,700	$-225,141.00$
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	S	-49,700	225,141.00
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	S	$-2,101$	9,433.49
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	Β	6,070	$-27,497.10$
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	S	$-6,070$	27,497.10
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	S	$-23,255$	105,345.15
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	B	23,255	$-105,345.15$
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	S	$-68,051$	308,271.03
DEUTSCHE SECURITIES	ILU	ORD	31-Dec-03	B	68,051	$-308,271.03$
DEUTSCHE SECURITIES	ILU	ORD	02-Jan-04	B	7,250	$-32,842.50$
DEUTSCHE SECURITIES	ILU	ORD	02-Jan-04	S	$-7,250$	32,842.50
DEUTSCHE SECURITIES	ILU	ORD	05-Jan-04 05-Jan-04	В	1,424	$-6,281.66$
DEUTSCHE SECURITIES	ILU	ORD		B	4,000 $-4,000$	$-17,600.00$ 17,680.00
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU ILU	ORD ORD	05-Jan-04 06-Jan-04	$\mathbb S$ B	2,000	$-8,940.00$
DEUTSCHE SECURITIES	ILU	ORD	07-Jan-04	В	11,844	$-51,402.96$
DEUTSCHE SECURITIES	ILU	ORD	07-Jan-04	S	$-11,844$	51,402.96
DEUTSCHE SECURITIES	ILU	ORD	07-Jan-04	В	3,225	$-14,168.50$
DEUTSCHE SECURITIES	ILU	ORD	07-Jan-04	S	$-4,000$	17,360.00
DEUTSCHE SECURITIES	ILU	ORD	08-Jan-04	S	$-4,000$	17,640.00
DEUTSCHE SECURITIES	ILU	ORD	08-Jan-04	S	$-8,000$	34,800.00
DEUTSCHE SECURITIES	ILU	ORD	09-Jan-04	В	9,995	$-42,715.38$
DEUTSCHE SECURITIES	ILU	ORD	09-Jan-04	B	3,500	$-14,980.00$
DEUTSCHE SECURITIES	ILU.	ORD	09-Jan-04	S	$-4,500$	19,215.00
DEUTSCHE SECURITIES	ILU.	ORD	13-Jan-04	S	$-3,500$	14,805.00
DEUTSCHE SECURITIES	ILU	ORD	14-Jan-04	B	13,061	$-56,162.30$
DEUTSCHE SECURITIES	ILU	ORD	14-Jan-04	S	$-13,061$	56,162.30
DEUTSCHE SECURITIES	ILU	ORD	14-Jan-04	B	5,852	$-24,695.44$
DEUTSCHE SECURITIES	ILU	ORD	14-Jan-04	S	$-6,387$	27,464.10

÷,