ILUKA RESOURCES LIMITED — Major Shareholding Notification 2005

Jul 13, 2005

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 07/11/05
The previous notice was given to the company on	06/28/05
The previous notice was dated	06/28/05

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	14.938.396	6.41%	12.537,829	5.38%

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: Annex $ure B$ , 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 Annexur e B, item	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 follows: NOT APPLICABLE

Name and ACN (if applicable)	Nature of association

6. Addresses

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

Name	Address
l-See Annexure A	See Annexure A

Signature

	print name Lori A. Weber	Capacity: Assistant Secretary, Franklin Resources, Inc.
sign here		Date: 07/12/05

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

Name	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	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
Franklin Advisory Services, LLC	One Parker Plaza, 9 th Floor Fort Lee, NJ 07024-2938
Templeton Investment Counsel, LLC	500 East Broward Boulevard, Suite 2100 Fort Lauderdale, FL 33394-3091
Templeton Asset Management Limited	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	Bahnhofstrasse 22 CH-8022 Zurich, Switzerland
Franklin Templeton France SA/ Franklin Templeton Asset Management SA	16-18 Avenue George V 75008 Paris, France
Franklin Templeton Investments Corp	One Financial Place 1 Adelaide Street East, Suite 2101
Templeton Heritage Limited	Toronto, Ontario, Canada M5C 3B8 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 Río de Janeiro, RJ, Brazil
Templeton Research Poland SP.z.o.o	ILMET Al. Jana Pawla II 15, 10th 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 Franklin Templeton Investment Management Limited	Edinburgh, Scotland EH3 8EG 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, 5 th Floor, 103009 Moscow, Russia
Templeton Global Advisors Limited	P.O. Box N-7759
Templeton Asset Management (India) Private Limited	Lyford Cay, Nassau, Bahamas Sakhar Bhavan, 1 st Floor
Templeton Trustee Services (India) Private Limited	230 Backbay Reclamation, Nariman Point, Mumbai, 400-021
Franklin Templeton International Services (India) Private Limited	Sakhar Bhavan, 1 st Floor, 230 Backbay Reclamation, 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 5th Avenue, 4th Floor New York, New York 10020
Fiduciary Tax Services, Inc.	600 5th 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 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
Fiduciary Trust International of Delaware	Suite 330, Washington D.C. 20036 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
	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

Names and addresses of all registered holders of relevant interests named in this form:
Name	Address
ANZ BANKING GROUP LTD	Melbourne
JPMORGAN CHASE LTD SYDNEY	Sydney
CITICORP NOMINEES MELBOURNE	Melbourne
CITIBANK MELBOURNE	Melbourne
NATIONAL AUSTRALIA BANK MELBOURNE	Melbourne
WESTPAC BANKING CORP SYDNEY	Sydney

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

Name	Address and the company of the contract of the contract of the contract of the contract of the contract of the
MUTUAL FUND ACCOUNTS
T Global Smaller Co. Fund	17 th Floor, Chater House
	8 Connaught Road Central, Hong Kong
Templeton Global Smaller Companies Fund C\$	One Financial Place
	1 Adelaide Street East, Suite 2101
	Toronto, Ontario, Canada M5C 3B8
FTIF T Global Smaller Cos Fund	Exchange Tower, 19 Canning Street
	Edinburgh, Scotland EH3 8EG
Temp Intl Smaller Co Fund	500 East Broward Boulevard. Suite 2100
	Fort Lauderdale, FL 33394-3091
FTIT T FGN Smaller Co Fund	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Templeton MPF Asian Pacific Equity Fund	17 th Floor, Chater House
	8 Connaught Road Central, Hong Kong
TIFI - Foreign Smaller Co.	17 th Floor, Chater House
	8 Connaught Road Central, Hong Kong
SEPARATE ACCOUNTS
Ivy Intl Balanced	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Met Life Separate 158	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
W&R Target Funds, Inc. II	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091 500 East Broward Boulevard, Suite 2100
Syracuse University	Fort Lauderdale, FL 33394-3091
John Hancock Trust Int Value Trust	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Affinity Health System	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Baker Hughes Master Trust	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Chunghwa Post Co Ltd.	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
John Hancock Trust International Small Cap Trust	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Transamerica Temp Foreign Fund	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
SunAmerica Series TR-FVP	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
City of Hartford MERF	500 East Broward Boulevard. Suite 2100
	Fort Lauderdale, FL 33394-3091
AXP Partners Int'l S C F	500 East Broward Boulevard, Suite 2100

$\sqrt{6}$

	Fort Lauderdale, FL 33394-3091
City of Jacksonville G E	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
University Of Illinois Endowment	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Sys II Scudder Templeton Foreign Value Portfolio	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Metropolitan Life Separate Account No. 237	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Sonoma County Employee Retirement Association	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
The Harry & Jeanette Weinberg Foundation	500 East Broward Boulevard, Suite 2100
	Fort Lauderdale, FL 33394-3091
Wayne State University	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 July 12, 2005.

Lori A. Weber, Assistant Secretary

1. Date of Change	2. Person Whose Relevant Interest Changed	3. Nature of Change	4. Consideration Given in Nature of Change		5. Class and Number of Securities affected	6. Persons votes affected
	Franklin Templeton
	6/28/2005 Investments (Asia) Ltd.	Disposal	7.71	AUD\$	(66, 834)	(66, 834)
6/29/2005	$\mathbf{e}$	Disposal	7.69	AUD\$	(25,000)	(25,000)
6/30/2005	$\alpha$	Disposal	7.58	AUD\$	(237,000)	(237,000)
7/5/2005		Disposal	7.50	AUD\$	(9,000)	(9,000)
7/6/2005	$\alpha$	Disposal	7.55	AUD\$	(59,000)	(59,000)
7/7/2005	$\alpha$	Disposal	7.56	AUD\$	(40,000)	(40,000)
7/11/2005	$\alpha$	Disposal	7.56	AUD\$	(47,000)	(47,000)
	Franklin Templeton
	6/28/2005 Investments Mgmt. Ltd.	Disposal	7.71	AUD\$	(19, 424)	(19, 424)
6/29/2005		Disposal	7.69	AUD\$	(7,000)	(7,000)
6/30/2005	$\alpha$	Disposal	7.58	AUD\$	(69,000)	(69,000)
7/5/2005	$\alpha$	Disposal	7.50	AUD\$	(3,000)	(3,000)
7/6/2005	$\overline{\mathbf{u}}$	Disposal	7.55	AUD\$	(18,000)	(18,000)
7/7/2005	$\overline{u}$	Disposal	7.56	AUD\$	(12,000)	(12,000)
7/11/2005	$\overline{u}$	Disposal	7.56	AUD\$	(14,000)	(14,000)
	Templeton Investment
6/28/2005	Counsel, LLC $\mathbf{e}$	Disposal	7.71	AUD\$	(146, 840)	(146, 840)
6/29/2005		Disposal	7.69	AUD\$	(96, 396)	(96, 396)
6/30/2005	$\alpha$	Disposal	7.58	AUD\$	(904, 000)	(904,000)
7/4/2005	$\mathbf{e}_\mathrm{F}$	Disposal	7.42	AUD\$	(55, 824)	(55, 824)
7/5/2005	$\mathbf{e}_i$	Disposal	7.50	AUD\$	(31, 489)	(31, 489)
7/6/2005	$\mathbf{r}$	Disposal	7.55	AUD\$	(217, 935)	(217, 935)
7/7/2005	$\alpha$	Disposal	7.56	AUD\$	(148,000)	(148,000)
7/11/2005	$\mathbf{e}_\mathrm{F}$	Disposal	7.56	AUD\$	(173, 825)	(173, 825)

Annexure B
Details of Entitlement and Relevant Interests

7. Holder of Relevant Interest	8. Person's votes
Franklin Templeton Investments (Asia) Ltd.	3.063.190 votes
Franklin Templeton Investments Corp.	1.185.500 votes
Franklin Templeton Investment Management Ltd.	556,322 votes
Templeton Investment Counsel LLC	7.732.817 votes

9. Registered Holder of	10. Class and Number of	11. Person's votes
Shares	Shares
ANZ BANKING GROUP LTD	146,566 ordinary shares	146,566 votes
JPMORGAN CHASE LTD SYDNEY	6,372,328 ordinary shares	6.372.328 votes
CITICORP NOMINEES	1,188,434 ordinary shares	1.188.434 votes
MELBOURNE
CITIBANK MELBOURNE	171,951 ordinary shares	171,951 votes
NATIONAL AUSTRALIA BANK	107,699 ordinary shares	107,699 votes
MELBOURNE
WESTPAC BANKING CORP	4,550,851 ordinary shares	4.550.851 votes
SYDNEY

12. Person entitled to be Iregistered as holder	13. Class and Number lof Shares		l14. Person's votes.
IMUTUAL FUNDS
ITEMP GLOBAL SMALLER		Iordinary shares		votes
ICOMPANIES FUND #P96118	2.516.586		2.516.586
ITEMPLETON GLOBAL	1.185.500	ordinary shares	1.185.500	votes

ISMALLER COMPANIES FUND IC\$ FS58661
IFTIF TEMPLETON GLOBAL ISMALLER COMPANIES FUND.		ordinary shares		votes
P82234	556.322		556.322
ITEMPLETON INTERNATIONAL		ordinary shares		votes
ISMALLER COMPANIES FUND.	299.045		299.045
FTIT TEMPLETON FOREIGN		ordinary shares		votes
ISMALLER COMPANIES FUND.
P81211	1,242,870		1.242.870
ITEMPLETON MPF ASIAN		ordinary shares		votes
IPACIFIC EQUITY FUND	4.394		4.394
ITIFI - FOREIGN SMALLER		ordinary shares		votes
COMPANIES SERIES	542.210		542.210

SEPARATE ACCOUNTS
IVY INTERNATIONAL		ordinary shares		votes
BALANCED FUND	137,628		137,628
METROPOLITAN LIFE		ordinary shares		votes
SEPARATE ACCOUNT NO. 158	76.988		76,988
W&R TARGET FUNDS.		ordinary shares		votes
INC.INTERNATIONAL VALUE
FUND	872,966		872,966
SYRACUSE UNIVERSITY	79,795	ordinary shares	79,795	votes
JOHN HANCOCK TRUST INT		ordinary shares		votes
VALUE TRUST	2,525,777		2,525,777
AFFINITY HEALTH SYSTEM	29.795	ordinary shares	29.795	votes
BAKER HUGHES MASTER		ordinary shares		votes
TRUST	395,630		395,630
Chunghwa Post Co Ltd	167,557	ordinary shares	167,557	votes
JOHN HANCOCK TRUST		ordinary shares		votes
INTERNATIONAL SMALL CAP
TRUST	1,197,074		1,197,074
TRANSAMERICA TEMPLETON		ordinary shares		votes
FOREIGN FUND	52,501		52,501
SunAmerica Series Trust -		ordinary shares		votes
Foreign Value Portfolio	135,072		135,072
CITY OF HARTFORD MUNICIPAL EMPLOYEES'		ordinary shares		votes
RETIREMENT FUND	177,840		177,840
AXP PARTNERS		ordinary shares		votes
INTERNATIONAL SMALL CAP
FUND	103,516		103,516
CITY OF JACKSONVILLE		ordinary shares		votes
GENERAL EMPLOYEES'
PENSION PLAN	73,400		73,400
UNIVERSITY OF ILLINOIS		ordinary shares		votes
ENDOWMENT	12,687		12,687
SVS II SCUDDER TEMPLETON		ordinary shares		votes
FOREIGN VALUE PORTFOLIO	4,183		4,183
IMETROPOLITAN LIFE		ordinary shares		votes
SEPARATE ACCOUNT NO. 237	74,264		74,264
SONOMA COUNTY EMPLOYEE		ordinary shares		votes
RETIREMENT ASSOCIATION	44,138		44,138
THE HARRY & JEANETTE		ordinary shares		votes
WEINBERG FOUNDATION	15,821		15,821
WAYNE STATE UNIVERSITY		ordinary shares		votes
FOUNDATION	14,270		14,270

This is the annexure of 2 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 July 12, 2005.

9

$\begin{minipage}{0.5\textwidth} \begin{tabular}{|l|l|l|} \hline \textbf{0.013}\end{tabular} \end{minipage} \begin{minipage}{0.5\textwidth} \begin{tabular}{|l|l|l|} \hline \textbf{0.013}\end{tabular} \end{minipage} \begin{minipage}{0.5\textwidth} \begin{tabular}{|l|l|l|l|} \hline \textbf{0.013}\end{tabular} \end{minipage} \end{minipage} \begin{minipage}{0.5\textwidth} \begin{tabular}{|l|l|l|l|} \hline \textbf{0.013}\end{tabular} \end{min$ Lori A. Weber, Assistant Secretary