ILUKA RESOURCES LIMITED — Major Shareholding Notification 2005

Jul 25, 2005

Form 605

Corporations Law Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Iluka 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.
The holder ceased to be a substantial holder on	July 22, 2005
The previous notice was given to the company on	July 13, 2005
The previous notice was dated	July 13, 2005

2. Changes in relevant interests

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

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows: NOT APPLICABLE

Name and ACN (if applicable)	Nature of association

4. Addresses

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

Name	Address
See Annexure A	See Annexure A

Signature

	print name Lori A. Weber	Capacity Assistant Secretary, Franklin Resources, Inc.
Sign here		date $07/25/2005$

Sign here

Annexure A

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

$\mathbf{1}$

Name Name	Address Management
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	One Franklin Parkway San Mateo, CA 94403
Franklin Templeton Investor Services, LLC	10600 White Rock Road Rancho Cordova, CA 95670-6032
Franklin Templeton Travel, Inc.	One Franklin Parkway San Mateo, CA 94403
Franklin Templeton Distributors, Inc.	One Franklin Parkway San Mateo, CA 94403
FS Properties, Inc.	1800 Gateway Drive San Mateo, CA 94404
Templeton Funds Annuity Company	700 Central Avenue St. Petersburg, FL 33733
FCC Receivables Corporation	One Franklin Parkway San Mateo, CA 94403
Franklin Receivables, LLC	One Franklin Parkway San Mateo, CA 94403
Franklin Mutual Advisers, LLC	51 John F. Kennedy Parkway Short Hills, NJ 07028-2789 One Parker Plaza, 9 th Floor
Franklin Advisory Services, LLC	Fort Lee, NJ 07024-2938
Templeton Investment Counsel, LLC	500 East Broward Boulevard, Suite 2100 Fort Lauderdale, FL 33394-3091
Templeton Asset Management Ltd.	7 Temasek Boulevard #38-03 Suntec Tower One, Singapore, 038987
Franklin Templeton Italia S.G.R.p.A	Corso Italia, 1 20122 Milano, Italy
Franklin Templeton Management Luxembourg SA	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 Franklin Templeton France SA/	Bahnhofstrasse 22 CH-8022 Zurich, Switzerland 16-18 Avenue George V
Franklin Templeton Asset Management SA Franklin Templeton Investments Corp	75008 Paris, France 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.
Franklin Templeton Investments (Asia) Limited	Carmel, CA 93923 17 th Floor, Chater House
	8 Connaught Road Central, Hong Kong
Templeton do Brasil Ltda.	Rua Lauro Muller 116, Sala 2404
	Río de Janeiro, RJ, Brazil
Templeton Research Poland SP.z.o.o	ILMET Al. Jana Pawla II 15.
Templeton China Research Limited	10th Floor, 00-828 Warsaw, Poland 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 Edinburgh, Scotland EH3 8EG
Franklin Templeton Investment Management Limited 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
Templeton Global Holdings Ltd.	Melbourne, Victoria 3000, Australia 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, 5th 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 Sakhar Bhavan, 1st Floor, 230 Backbay Reclamation,
Franklin Templeton International Services (India) 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) Templeton Capital Advisors Ltd.	Youido-Dong, Youngdungpo-Gu, Seoul, S. Korea 150-734 P.O. Box N-7759
	Lyford Cay, Nassau, Bahamas
Fiduciary Trust Company International	600 5 m Avenue, 4 m Floor
	New York, New York 10020
Fiduciary Tax Services, Inc.	600 5 th Avenue New York, New York 10020
Fiduciary Investment Corporation	600 5 th Avenue
	New York, New York 10020
Fiduciary International, Inc.	600 5 th Avenue New York, New York 10020
Fiduciary Financial Services Corp.	600 5 th 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	Miami Office:
	International Place, 100 S.E. 2 nd Street, Suite 2300
	Miami, Florida 33131-1101
Fiduciary Trust International of the South	Los Angeles Office:
FTI- Banque Fiduciary Trust	444 South Flower Street, 32 nd Floor, Los Angeles, CA 90071 Zurich Representative Office Bahnhofstrasse 22, PO Box, 8022 Zurich, Switzerland

FTI- Banque Fiduciary Trust	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

This is the annexure of 3 pages marked Annexure A referred to in the Form 605: Notice of Persons Ceasing to be a Substantial Shareholder signed by me and dated 25 July 2005.

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, LORI A. WEBER, ASSISTANT SECRETARY

Date of	Person Whose 2.	3. Nature of	4. Consideration	5. Class and Number	6. Person's votes
Change	Relevant Interest	Change	given in relation	of securities affected	affected
	Changed		to change
	Franklin Templeton
7/13/2005	Investments (Asia) Ltd.	Disposal	7.58	(30.000)	(30.000)
7/14/2005	u.	Disposal	7.55	(20,000)	(20,000)
7/18/2005	u	Disposal	7.55	(37.000)	(37,000)
7/21/2005	u	Disposal	7.61	(54,000)	(54,000)
7/22/2005	ŧŦ.	Disposal	7.85	(99.303)	(99, 303)
	Franklin Templeton
7/13/2005	Investments Mgmt. Ltd.	Disposal	7.58	(9,000)	(9,000)
7/14/2005		Disposal	7.55	(6,000)	(6,000)
7/18/2005	u.	Disposal	7.55	(11,000)	(11,000)
7/21/2005	u	Disposal	7.61	(15,000)	(15,000)
	Templeton Investment
7/13/2005	Counsel, Lic.	Disposal	7.58	(111,000)	(111,000)
7/14/2005	u.	Disposal	7.53	(45,926)	(45,926)
7/14/2005	u.	Disposal	7.55	(74.000)	(74,000)
7/18/2005	u.	Disposal	7.55	(133, 642)	(133, 642)
7/21/2005	u	Disposal	7.61	(194, 402)	(194, 402)
7/22/2005	u	Disposal	7.85	(391,921)	(391,921)

ANNEXURE B DETAILS OF CHANGES IN RELEVANT INTERESTS AND PRESENT RELEVANT INTERESTS

This is the annexure of 1 page marked Annexure B referred to in the Form 605: Notice of ceasing to be a substantial shareholder signed by me and dated 25 July 2005.

....................................... LORI A. WEBER, Assistant Secretary