Please find attached Iluka's March Quarter Production Report.
Key features are the following:
� Zircon production for the quarter of 135.5 thousand tonnes (full year guidance ~500 thousand tonnes)
� Rutile quarter production of 63.0 thousand tonnes (full year production of ~250 thousand tonnes)
� Synthetic rutile production of 78.5 thousand tonnes (full year guidance of ~220 thousand tonnes) - quarter included maintenance outage for one of the two kilns operating
� Mineral sands revenue of $226.3 million (2010: $149.4 million)
� Average AUD/USD for March quarter 100.5 cents vs 90.4 cents for first quarter of 2010
� Zircon average weighted price in 1st quarter above US$1,300/tonne
� June quarter zircon price increase of ~20% above this weighted average price; potential for small volumes to be sold above this level
� Iluka continues to ration zircon customers
� High grade titanium market remains tight, with customers indicating they would take more material if it were available
� 1st quarter high grade titanium pricing outcomes in line with the 30-40% price increase from 2010 averages, as advised previously
� Iluka intends to engage with customers towards the end of the first half in relation to second half high grade titanium pricing and volumes
It is Iluka's intent to issue its quarterly report earlier in the month following the end of the quarter than has been the practice in the past. This is the first of these "expedited" reports. In future I will seek to advise a release date; as this one was somewhat experimental in terms of completion and sign off, I apologise for the lack of forewarning.
If I can assist with any clarification on the report, please let me know.
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
robert.porter@iluka.com