🕐16.11.11 - 06:54 Uhr

ILUKA RESOURCES: ORE RESERVE INCREASES



Iluka today announced Ore Reserve increases for the Jacinth-Ambrosia mine, South Australia; for four deposits within Eneabba, Western Australia; and for the Cataby deposit in Western Australia.

 

The attached release contains the details of the Ore Reserve changes.

 

In the context of supply/demand forecasts for the company’s higher value products of zircon, rutile and synthetic rutile, together with associated medium term product price expectations, the company is evaluating multiple production enhancement options within its portfolio.

 

The Ore Reserve increases represent part of the implications of this work.

Further results from this work will be outlined by Iluka in a presentation to the investment market planned for the
17 November 2011, subject to separate ASX disclosure on the day.

 

The companys presentation tomorrow will also consider medium term supply/demand fundamentals for zircon and high grade titanium dioxide, as well as an update on the inducement analysis the company provided in November of 2010.

 

If you have any questions I can be contacted via email or on my mobile phone over the next two days.

 

Regards

 

Rob

 

Robert Porter | General Manager Investor Relations
Iluka Resources Limited | Suite 1-2, Level 9, 118 Queen Street | Melbourne VIC 3000
Phone +61 3 9600 0807 | Mobile +61 (0) 407 391 829
Perth Corporate + 61 8 9360 4700




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