Slide 1: Iluka Murray Basin Investor Site Visit
Slide 2: Presentation Format
Presentation Format ie i
Slide 3: Iluka
ILUKA pee
Slide 4: Where does the Murray Basin fit in Iluka's plans
ney Le i) Where does the Murray Basin fit in Iluka’s plans TLUKA _
Slide 5: Source of growth in high TiO2 content production
Source of growth in high TiO, content production ILUKA WS Ue EEE AGH
Slide 6: Key to stabilising zircon production
ILUKA Key to stabilising zircon production EZ B
Slide 7: SEES
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Slide 8: Ws a
Ws a
Slide 9: ne Le “i a is
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Slide 10: Murray Basin rationalisation
Murray Basin rationalisation TLUKA — — on <ssopensusanespesnyowoue oxesemmmsccurgosimee y D y yi y, j ie i i: if , Ye | he | 4 _. : : | | | | _ Q S
Slide 11: Basin's original development plans
Basin’s original development plans vy ” ” wspauemmon - ’ wnppiene Bi
Slide 12: Iluka project management system
Iluka project management system ye Le L yy Se LL Ve gg y,| Pee Ly, ee ie Is: Pull LILLE ey ee Ye ey ee Le Lay, y Bs 4G ee VERDI yo yy oy yy ~=— : a Stop, Hold, aye oe ‘Approve EEC for Select Ji a . LL 2 FF ae ee ee ea Lo a PSE ee SSSR “Ais ‘Decision: Executive: neem Ly ye penmaeg Ve a TI. eye gy) ye
Slide 13: —r—“—“_OO._Ci<s¥SCSN(C(CS;N
a —r—“—“_OO._Ci<s¥SCSN(C(CS;N Ly Le Loy ey y j s ye / <— oS — ON = = ‘ Se SUNS | 7 ~ wii af a” em. Le ee ) Lo ee | Ce 7. Ly i i ] Fo oa Le Ge d ey ee LE : i, | Y Oy OE Tet Gn a iy Gey Ye ee ey Ye yy ay Ee Le = — SS ~ Leip Pe Lee ee ? lo Ly oahnstey chal ence 0 eh Ge i ee 7 Gy be a iy ye i Lea SAL ea
Slide 14: Initial Reserves/Resources position at end-2002
Initial Reserves/Resources position @ end-2002 ILUKA iD, Hips
Slide 15: hin
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Slide 16: Douglas PFS findings
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Slide 17: DFS process
DFS process Co “ nenemouney mma g wasgueny = ’ , ” nnpsyausee ; vps scien i i ie Ly, i Lo Z Coe ie o of ts ff y y ] , g y os 4 yy 6 Ess Ke ey, | yi | Le yy Yeo, y yy iy i y Wi y LED é is We y i y ap is Se y y y f i yi i ‘ 3 fe i Wis ie i iy i yy ie y i; yy ce i yy He ie oy My yy ie i yi Z ye j He a
Slide 18: Current Murray Basin schedule
2 3 | ] & Current Murray Basin sc sss eC ~ y | _ a - ey Gi Ye y es Yi Hye Wie oy y Ye Ge Ly = Bey iy oe i a aes Ae, ys ae oe ey) By Ge ie i Teg ee DI Z cle 7 ee Yi Uh ee ay Wg Vy ves essapliy ae / y ey LEE ye Ly ayer oe i Ss oe ei oe A DEG i Ga Tey y 7 Le ey ee i Ly, Vp ey 7 y EEN a iy ey y ey y = —
Slide 19: Construction and procurement
Construction and procurement ILUKA WES USED IRANI SOR LORI iy Va LOCO ese yy, pits sy Nis wy Bi i oe Ss << | / a yo LS : | ] | LL 5 zs y | 5 i iis : . / | 7 Ly j 7 : y yo | oo ; pe ye y . ; | y ; ue Lo ie ji yy Us y ie My | / / 7 y Gif yy i y yy yi, / | / of y y ee , y y gy es ) oy ee j a | | Z 7) Z
Slide 20: Commissioning
Commissioning ILUKA ie ay
Slide 21: Expected production profile - Douglas and KWR
Expected production profile —Douglas and KWR mena iy yeas ii ip Ty eu Hee lab aloe % 4 i ; ys y l _ : y La i Ly oy if j j Ly y Be ies vee Lis ei i y ep eh y y] y L Uf ys op (7 By L iy ey ie yy Us Z y is
Slide 22: Iluka
LY ILUKA pee
Slide 23: Douglas mining process
Douglas mining process CCL OO ee Be is yy . aes ane muansan ’ es ELD a age pen ea 7 a a oe a fib i Lees ney oy He . Le _ y oe yy Cy — i a iy Dy se _ _ e@ yy oy oe yy sy Wee iy es ee y eG ee y LG iy Spe LG IEE or \ Lr y ay De Lip edu i Li a “id ay i iMag eee a “mat Uf | 7 ay Le Lo Lo , . i ee Oey - =
Slide 24: Mineral Separation Plant
Mineral Separation F Plant ASP) Le Tie Wye Le Ly i y Ge: g a ee Ye - TLE TEE EE WI. Bs Te Li TE HL Se LM Ea LOSE LOM poy Le ee < SO =~ RO oo ee SS = ~ SS Te Le |. ge. Le A SEN en, Gee . G S Se . y ey, i y HE a Le 0, . wy Lo ee) 7 oy fi He oS So y iy Wee yy a G iE y | | y | i | : y i | ] / SSS — ig W
Slide 25: Douglas project - approvals status
Douglas project — approvals status paanepae ” ” 1% c sermons apesmeneae - ys Wy, 5 ey ) io, vy | i j yy j yy i i, ‘ Gi y ge ae Lo : Wf iy Z L | Ly is y, eee i Me We Uf y y ie Le yf Uy ie Wy y y i y iy G y ] y Le : BG) , iy y oe ae ne i y y Ga) j eo ii d i se Z ee y % LL fi y Z Le y yj ‘ ye y iis y L
Slide 26: Douglas water supply
Douglas water supply . wn “ap 7 a versa " wes yi i j y yy y i y _ ie iy . Us ie Ws By Up iy ye yy zB ii j Z j dey Z 2, y i ye y ey, iv Ue a ae y : E yy / / g y ys: oe iy iy g p of 7 yy yi LADY y vy y Ue a y y, ~< = =
Slide 27: Progress with clay management
Progress with clay management ILUKA ————— , — — —
Slide 28: Murray Basin permanent work force requirement
Murray Basin permanent work force requirement ito oy ses Le ee SURI conpeoowean _ : |. . | Le i oy ts is fs _ oo i iy, y i, A y y is y Wp ; y iy | y | § . : , - é ~~ a : , : y / | ip y yy ip ifs ey oe yy . ii ee ie J : oe i y, oe ] LC LL y / : , Q / a : y : ) co _ | _ | | se BG -
Slide 29: Interaction with local community
Interaction with local community ee iy Us i i i i RuORU I ie e ip if 66 es By yy iy iy y i Lg) y j y i y : j y y i, ip Hiss yy wy ey lie ; j Vy Ly ye ie oy yy i d J Z yy ; yy ifs ii y te p y Z 5 ) Js 2 ; Z a: fs ss iB ki HY, te e Y y zy y pe y ¢ yy Ly A i the We Do a _ : g y j j i y y i y y y y y y
Slide 30: Iluka
TLUKA YY pee
Slide 31: The high grade SR process
The high grade SR process Te TEE ” _— _— ” 2
Slide 32: NewGen SR process
NewGen SR process | Reduction . ‘ Shon Reduced Ilmenite — Ilmenite FeTiO, + H, = Fe® + T10, +H,O aanoaen | Pressure Acid Leach ee Caf oflolel _ | MeTiO, + H,SO, = TiO, + MeSO, ~ Autoclave ‘sreette te. Ma, Mn
Slide 33: Ilmenite feed for high grade SR production
Iimenite feed for high grade SR production ILUKA Ui Be, fe iy WW
Slide 34: Marketing of high grade SR
Marketing of high grade SR _ TLUKA ith
Slide 35: Project development
Project development ILUKA Te y iy
Slide 36: Ws a
Ws a
Slide 37: Concluding comments
Concluding comments ILUKA — se en ayy —— pssst << — y ; ve ye sil LY yy e oe VE Ue | L i Z y G 7 Ves ye ty Hy u Z Ws ] . y 7 Z j y i iy : Ly, i Z y y ne C Vy HY Zs y y Z y Z y i es