Iluka Resources Limited · ASX:ILU
Iluka Resources — Corporate Update (November 2002)
16 slides from Iluka Resources's corporate update, Nov 14, 2002
Slide 1: Investor Site Visit to Iluka's WA Operations - ASX fax cover
14/11 2002 08:17 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Wool AUSTRALIAN STOCK EXCHANGE ‘a os LUOQO0O Facsimile I Y Date: 14 November 2002 D Ref: SHR5 ILUKA RESOURCES LIMITED To: Company Announcements Office From: Ian Gregory Company: Australian Stock Exchange Fax No: (08) 9221 7744 Fax No: 130
Slide 2: South-West Operations
14/11 2002 08:17 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Investor Presentation South-West Operations Panwed v MA ae : | aveTmauia |" : —— ‘ © PERTH Legend: MINESITE * LOCATION PROCESSING PLANT . | WAROONA R WAstRUF NORTH CAPEL WEST . NORTHCAFEL ., . 7 90 YOGANLUP EXTENDED nt RTOGANUP Woo2
Slide 3: South West Operations - Overview
14/11 2002 08:17 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI South West Operations - Overview + 4 operating minesites > Produce HMC by wet gravity (spirals) > 2 minesites in rehabilitation + 1 minesite in closure > North Capel Separation Mill + Dry magnetic separation (ilmenite) » Capel Dry Plant >
Slide 4: South-West Workforce and Products
14/11 2002 08:17 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Wood South-West Workforce + Total workforce of 450 > 300 people Capel + 150 contractors South-West Products > Titanium Products > Tmenite 54-56 % TiO, > HyTi70 70-75 % TiO, > HyTi9d 91-92.3 % Tio, > Synthetic Rutile 91.5 — 93 % TiO, + Zir
Slide 5: SW Key Priorities
14/11 2002 08:17 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI W005 SW Key Priorities > Safety and Environmental Performance > Production » Meeting targets, maintaining quality, meeting customer needs > Process Improvement > IBSM Project and Maintenance Strategy Review > Financial Performance > MnM B
Slide 6: South-West Production
14/11 2002 08:17 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI SR Production Timenita Production South-West Production Zircon Production sw 52% (237,000 tra) IN THE SOUTH-WEST Targets: reduction in unit costs of production + Synthetic Rutile > Zircon > Saleable Ilmenite (sulphate route) South-West Op
Slide 7: South-West MnM Program and Cost Base
14/11 2002 08:18 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI O07 South-West MnM Program and Cost Base 5-7May = 12 May-1Aug 11 Aug-21 Oct Mining Performance ¥ Moving 2.1 million BCM overburden + Moving 7.9 million tonnes of ore > Represents 11.7 million tonnes material » Ore grade = 12.6% VHM > 0.79
Slide 8: Future South-West Mining Plans
14/11 2002 08:18 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Future South-West Mining Plans South West | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | Silvester Stratham_West Wagerup Yarioop. Powell North Capel West NC Extended . Waroona IMorgan Yooanup Extended _ Capel South, Canning Yoganup Yog West
Slide 9: Minerals Production
14/11 2002 08:18 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Wong Minerals Production Annual Production 800 700 600 500 = = 400 = 300 200 100 1996 1997 1993 i999 2000 2001 2002 mZircon wi Imenite Total VHM VHM figures exclude trash component SR Production Synthetic Rutile Annual Production 300 + 2s
Slide 10: SR Consumables
14/11 2002 08:18 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Wolo SR Consumables Coal Consumption (kt) 178 Distillate (ki) 415 Quicklime (kt) 6.0 Sulphuric Acid (kt) 8.7 Ammonium Chloride (kt) 1.0 Sulphur (kt) 1.9 Natural Gas (TJ) 201 TYPICAL SYNTHETIC RUTILE PROCESS FLOW CHART
Slide 11: Typical Concentrator Flowsheet
14/11 2002 08:19 FAX 61 § 9221 7744 ILUKA RESOURCES LTD ‘TYPICAL CONCENTEATOR FLOWOHAET + ASI ERY PLMERAL CENCENTRATES POH NaC syne ane LOUEDIRE PREBUCTS oll 10
Slide 12: WA Operations Overview
14/11 2002 08:19 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Investor Presentation WA Operations Overview Hamish Bohannan Executive General Manager Australian Operations November 2002 WA Resource Development > Current status + mature resource + approaching natural capital intensity limit + Strength
Slide 13: WA Heavy Mineral Reserves
14/11 2002 08:19 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Total Mid-West Tatal South-West Total WA Tluka‘s position as at 31/12/01 Mid-West operating mines Mid-West undeveloped mines South-West operating mines South-West undeveloped mines Proved Probable Proved Probable Proved Probable Proved Pr
Slide 14: WA Reserves and Resources Position
14/11 2002 08:19 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI Wold WA Reserves and Resources Position » Sufficient reserves in place to underpin at least 10 years of operations at current depletion rates » Adequate resources for the foreseeable future » Future reserves/resources will be more expensi
Slide 15: WA SR Production Enhancements
14/11 2002 08:19 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI W015 WA SR Production Enhancements » Demand growth from existing customers will support increased SR praduction/sales of between 50,000 to 60,000 tonnes pa - post 2002 + Original plan to meet increased demand was based on: > utilising the
Slide 16: WA Production Outlook
14/11 2002 08:20 FAX 61 § 9221 7744 ILUKA RESOURCES LTD + ASI 016 WA Production Outlook — next 2 Years » SR production increasing in 2003. Other products expected to be similar to 2002. Sales are anticipated to be production limited > Reviewing options to increase SR production further + Additional