ILUKA RESOURCES LIMITED — Major Shareholding Notification 2005

Jan 24, 2005

FACSIMILE

Deutsche Bank

To:	Company Secretary
	Iluka Resources Limited	Deutsche Bank AG ABN 13 064 165 162
Fax No	(08) 9360 4777	Divisional Functions GPO Box 7033 Sydney NSW 2001
СC	Company Announcements Office Australian Stock Exchange	Level 18, 225 George Street Sydney NSW 2000 Australia Tel: 61 2 9258 1234 Fax: 61 2 9258 2223
	(via ASX Online or fax 1900 999 279)
From	Raymond Leong	Direct: 61 2 9258 2925
Date	25 January 2005
Subject	Substantial Shareholding Notice
Total Pages	(including this page) 4

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.

Raymond Leong Compliance Assistant

$\ddot{\phantom{a}}$

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 21 January 2005.

The previous notice was given to the company on 24 December 2004. The previous notice was dated 24 December 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	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

$N/A$

Name

4. Addresses

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

Signature

Name Fonnie Mak

Date 25 January 2005

Group Name		ASX Stock		Trade Date Trans Type	Trans, Number	Consideration
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	24/12/2004	в	17,746	$-111,510.54$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	24/12/2004	в	30,285	$-190,301.85$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	30/12/2004	B	26,375	$-166,595.05$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	31/12/2004	В	12,294	$-77,452.20$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	31/12/2004	B	254,380	$-1,602,594.00$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	31/12/2004	В	114,019	$-718,319.70$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	06/01/2005	В	5,054	$-31,481.37$
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	10/01/2005	В	5,579	$-34,887.72$
DEUTSCHE ASSET MANAGEMENT	ILυ	ORD	12/01/2005	S	$-25,000$	156,717.50
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-8,891$	56,228.46
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-873$	5,521.03
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-14,394$	91,030.53
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-3,806$	24,069.91
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-20,584$	130, 177.33
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-26,865$	169,899.63
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	-43,366	274,255.26
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-131$	828.47
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-58,619$	370,718.28
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	20/01/2005	S	$-50,671$	320,453.54
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-22,003$	135,094.02
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-13,107$	80,208.29
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-1,334$	8,190.49
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-184$	1,125.99
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-13,591$	83,446.02
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-10,167$	62,216.96
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-814$	4,981.27
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-1,681$	10,321.00
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-3,352$	20,512.56
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-4,136$	25,394.21
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-4,352$	26,632.06
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-8,324$	51,107.70
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-31,465$	193,188.81
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-17,747$	108,602.77
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	Ś	$-9,213$	56,565.98
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	s	$-5,791$	35,438.02
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-23,530$	144,469.49
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-27,301$	167,068.47
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-3,420$	20,928.69
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-66,291$	407,013.48
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-28,223$	172,710.65
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-21,367$	130,755.36
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-869$	5,335.49
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-89,606$	550,162.92
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-67,032$	410,202.32
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-72,052$	442,384.87
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-5,405$	33,185.62
DEUTSCHE ASSET MANAGEMENT	ILU	ORD	21/01/2005	S	$-57,943$	354,582.19
DEUTSCHE SECURITIES	ILU	ORD	23/12/2004	$\mathbb S$	$-19,510$	122,600.64
DEUTSCHE SECURITIES	ILU	ORD	23/12/2004	S	$-10,000$	61,927.00
DEUTSCHE SECURITIES	ILU	ORD	23/12/2004	В	862	$-5,421.98$
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU ILU	ORD ORD	24/12/2004 24/12/2004	S S	$-925$ $-31,500$	5,818.25 197,820.00
DEUTSCHE SECURITIES	ILU	ORD	29/12/2004	в	4,364	$-27,493.20$

$\bar{A}^{\pm}$ , i.e.

Group Name			ASX Stock Trade Date Trans Type		Trans, Number	Consideration
DEUTSCHE SECURITIES	ILU	ORD	29/12/2004	В	794	$-5,002.20$
DEUTSCHE SECURITIES	ILU	ORD	30/12/2004	в	10,435	$-66, 132.44$
DEUTSCHE SECURITIES	ILU	ORD	04/01/2005	В	8,718	$-54,749.04$
DEUTSCHE SECURITIES	ILU	ORD	04/01/2005	S	$-1,600$	9,904.00
DEUTSCHE SECURITIES	ILU	ORD	05/01/2005	В	1,000	$-6,230.00$
DEUTSCHE SECURITIES	ILU	ORD	06/01/2005	В	46,207	-287,801.69
DEUTSCHE SECURITIES	ILU	ORD	06/01/2005	S	$-46,207$	287,800.30
DEUTSCHE SECURITIES	ILU	ORD	06/01/2005	В	4,384	$-27,202.72$
DEUTSCHE SECURITIES	ILU	ORD	06/01/2005	В	21,972	$-136,640.13$
DEUTSCHE SECURITIES	ILU	ORD	06/01/2005	в	20,000	$-124,360.00$
DEUTSCHE SECURITIES	ILU	ORD	07/01/2005	в	3,500	$-21,945.00$
DEUTSCHE SECURITIES	ILU	ORD	07/01/2005	в	12,642	$-79,241.32$
DEUTSCHE SECURITIES	ILU	ORD	07/01/2005	В	9,816	$-61,390.15$
DEUTSCHE SECURITIES	ILU	ORD	07/01/2005	В	9,638	$-60,350.26$
DEUTSCHE SECURITIES	ILU	ORD	10/01/2005	В	18,213	$-113,972.58$
DEUTSCHE SECURITIES	ILU	ORD	10/01/2005	В	6,900	-43,070.01
DEUTSCHE SECURITIES	ILU	ORD	11/01/2005	В	66,325	-412,115.03
DEUTSCHE SECURITIES	ILU	ORD	11/01/2005	в	38,146	$-237,445.12$
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU ILU	ORD ORD	11/01/2005 12/01/2005	S В	$-3,500$	21,596.40
DEUTSCHE SECURITIES	ILU	ORD	12/01/2005	В	9,985 45,867	$-62,195.47$ $-287,138.43$
DEUTSCHE SECURITIES	ILU	ORD	12/01/2005	в	1,200	$-7,428.00$
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	В	131,789	$-832,906.48$
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	S	$-131,789$	839,362.82
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	В	3,032	$-19,183.68$
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	В	21,276	-134,725.80
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	S	$-800$	5,032.00
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	S	$-6,394$	40,655.61
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	S	$-17,700$	112,398.54
DEUTSCHE SECURITIES	ILU	ORD	13/01/2005	B	21,250	$-135,904.38$
DEUTSCHE SECURITIES	ILU	ORD	14/01/2005	B	4,938	$-31,158.78$
DEUTSCHE SECURITIES	ILU	ORD	14/01/2005	S	$-1,000$	6,290.00
DEUTSCHE SECURITIES	ILU	ORD	14/01/2005	S	$-7,000$	44,069.90
DEUTSCHE SECURITIES	ILU	ORD	17/01/2005	B	32,176	$-203,671.18$
DEUTSCHE SECURITIES	ILU	ORD	17/01/2005	В	355	$-2,261.35$
DEUTSCHE SECURITIES	ILU	ORD	18/01/2005	B	22,704	-143,450.23
DEUTSCHE SECURITIES	ILU	ORD	18/01/2005	B	3,100	$-19,530.00$
DEUTSCHE SECURITIES	ILU	ORD	18/01/2005	B	5,034	$-31,739.37$
DEUTSCHE SECURITIES	ILU	ORD	19/01/2005	B	216,675	-1,391,746.86
DEUTSCHE SECURITIES	ILU	ORD	19/01/2005	S	-216,675	1,391,595.19
DEUTSCHE SECURITIES	ILU	ORD ORD	19/01/2005	В	13,234 $-600$	$-84,809.43$ 3,846.00
DEUTSCHE SECURITIES	ILU ILU	ORD	19/01/2005 19/01/2005	S В	10,500	-67,270.35
DEUTSCHE SECURITIES DEUTSCHE SECURITIES	ILU	ORD	19/01/2005	В	2	$-12.83$
DEUTSCHE SECURITIES	ILU	ORD	20/01/2005	S	$-4,378$	27,874.07
DEUTSCHE SECURITIES	ILU	ORD	20/01/2005	S	$-10,500$	66,964.80
DEUTSCHE SECURITIES	ILU	ORD	20/01/2005	В	6,339	-40,316.04
DEUTSCHE SECURITIES	ILU	ORD	20/01/2005	S	-2	12.86
DEUTSCHE SECURITIES	ILU	ORD	21/01/2005	B	2,084	$-12,754.08$
DEUTSCHE SECURITIES	ILU	ORD	21/01/2005	S	$-12,386$	76,093.39
DEUTSCHE SECURITIES	ILU	ORD	21/01/2005	В	49,590	$-303,997.11$
DEUTSCHE SECURITIES	ILU	ORD	21/01/2005	В	22,641	-139,468.56

$\sim 0.000$ and $\sim 0.000$