With industry experience spanning almost 35 years, we bring a wealth of creative and project production expertise. We help clients create engaging, memorable brands and communications through compelling multi-platform experiences: Brand experience development Web and interactive multimedia Visual communication design Digital production Project management – print, web, video We don’t just work with clients, we collaborate with them. Taking the time to gather deep insights about their organisation, brand and strategic objectives assures mutual success. We believe customer service is paramount and great work cannot happen without passion, commitment and attention to detail.

1. BURR
WS
INTERACTIVE DESIGN

2. BURROWS INTERACTIVE
Burrows Interactive Design is an innovative, dynamic, multi
disciplinary digital agency, specialising in brand identity and digital
communications.
With industry experience spanning almost 35 years, we bring a wealth of
creative and project production expertise.
We help clients create engaging, memorable brands and communications
through compelling multi-platform experiences:
Brand experience development
Web and interactive multimedia
Visual communication design
Digital production
Project management – print, web, video
We don’t just work with clients, we collaborate with them. Taking the time to
gather deep insights about their organisation, brand and strategic objectives
assures mutual success.
We believe customer service is paramount and great work cannot happen
without passion, commitment and attention to detail.
CASE STUDIES/AUGUST 2016
BURR
WS

3. CASE STUDIES/
THE CUSTOMER: ILUKA RESOURCES
Iluka Resources is a major global mineral sands resource company.
It is involved in the exploration, project development, operations and marketing of
mineral sands products.
The company’s objective is to create and deliver value for shareholders.
Iluka is the largest producer of zircon globally, and a significant producer of the high-
grade titanium dioxide products of rutile and synthetic rutile. The main mineral sands
products of rutile, synthetic rutile, ilmenite and zircon have a wide range of consumer,
lifestyle, and industrial applications. These include pigment production used in paints,
plastics, papers, titanium metal production, welding electrodes, floor and wall tiles,
sanitary ware, zirconium based chemicals, and zirconia metal applications. China and
developing economy growth is an important influence on end demand.
The major part of Iluka’s production base is in Australia, with mining and processing
operations in Virginia, USA.
Iluka Resources Limited
CREATE AND DELIVER VALUE FOR SHAREHOLDERS
Annual Report
2014
MINERAL SANDS – PART OF EVERYDAY LIFE
Iluka_2014_cover_FA.indd 4 20/03/2015 9:54 am
20
15
ILUKA REVIEW
Acacia papyrocarpa Western Myall tree
Eucla Basin, South Australia

4. The Company
Iluka Resources
Location
Perth, West Australia
Type
Mining
Web Site
www.iluka.com
Employees
853 people in five countries
Iluka Resources Equity Market Video Interviews
THE CHALLENGE
Iluka Resources Senior Management Conference
– Equity Market Video Interviews
• Short video interview with a selection of institutional fund managers
– some investors some not. Likewise with a couple of analysts
– one likely favourably disposed, one less convinced.
• QA’s:
– when you think about Iluka from an investment perspectives; what
are its strengths; what its weaknesses
– how is Iluka differentiated from other resource companies you have
reviewed
– from your perspective, how would you describe the culture of Iluka
– what other observations would you have about Iluka

5. The Company
Iluka Resources
Location
Perth, West Australia
Type
Mining
Web Site
www.iluka.com
Employees
853 people in five countries
The Iluka Website Interface redesign
THE CHALLENGE
Iluka Resources company website
– Navigation structure/Interface redesign
• Provide an engaging online experience while allowing visitors to the
site to access all content areas and find the information they need
easily
• Update and review content in all areas is displayed and how that
information is readily accessed by the end user.
THE SOLUTION
We developed a design solution that highlights exceptional content
navigability, usability and accessability to detailed information delivery
to the user.
It is ‘user’ focussed in it’s design and providing an engaging
experience for the target audience.
Visit the site:
www.iluka.com

6. Baringo Brand Identity development
THE CHALLENGE
Develop a refresh Brand Identity and positioning line and
Brand Image campaign for Baringo wine and food
New Gisborne in Victoria.
• Baringo Website redevelopment. Navigation structure, content
development, Interface design to reflect new identity and
positioning:- Baringo – A regional wine and food haven
Provide an engaging online experience while allowing visitors
to the site to access all content areas and find the information
about what’s on at Baringo easily.
• Develop an advertising and promotional campaign for Baringo.
THE SOLUTION
We developed a design solution that highlights the exceptional
quality of services Baringo has on offer – superb wines and dining
experience, provedore, bistro/cafe, theatre, wine bar, wine shop and
banquet room.
The Company
Baringo
Location
New Gisborne, Victoria
Type
Hospitality
Web Site
www.baringo.net.au

7. View the interactive Banquet Room brochure online
The Company
Baringo
Location
New Gisborne, Victoria
Type
Hospitality
Web Site
www.baringo.net.au
Baringo – A regional wine food haven
ProvedoreIWineBarIBistroIBanquetRoomIWineShopITheatre
THEATRE
HIGH TEACAFE CATERING
Open 7 Days
Films... Lectures... Performances.
Local and International
wines and boutique
beers.
WINE SHOP
PROVEDORE
WINE BAR
Every Sunday 12 – 4pm
Coffee Roaster
‘Red Star’ winner of the
2015 Golden Bean award.
JAPANESE IZAKAYA
Tues.Wed.Thurs from 6pm
BISTRO
Friday Saturday Sunday
BANQUET ROOM
41| Visitor Guide
Gisborne South
GISBORNE
NEW GISBORNE
Mt Macedon
Hesket
Newham
Rochford
NCEFIELD
WOODEND
North
MELBOURNE
You can ust ang down at e Rock or
ind a ce ar d r to “ nock, nock, nock”
Ca
lder
Fw
y
M79
StationRd
www.baringo.net.au
283 Station Road New Gisborne,Victoria 3438
PH: 03 5428 2144 E: info@baringo.net
Map Poster_press_FA.indd 1 16/09/2015 2:06 pm
Dreaming of a boutique wedding
Nestled at the Foothills of Mt Macedon is Baringo,
a regional food wine haven and the perfect wedding location:
Picnic weddings on the lawn, Garden weddings, Banquet style weddings,
Cocktail Party weddings, Degustation weddings with matching wines.
A special place for your entire Wedding and all under
the beautiful canopy of the Macedon Ranges.
Find our more by calling Janet on 54282144
or www.baringo.net.au
www.baringo.net.au
283 Station Road New Gisborne,Victoria 3438
PH: 03 5428 2144 E: info@baringo.net.au
Open 7 days
Celebrate@Baringo

8. The Company
Iluka Resources
Location
Perth, West Australia
Type
Mining
Web Site
www.iluka.com
Employees
853 people in five countries
THE CHALLENGE
Iluka Resources Investor Relations Guide App.
– Concept, design, Navigation structure/Interface design
Content and technical development
• The Iluka Investor Relations Guide is designed for those wishing
to gain an understanding of the main elements of the company, its
assets, industry context and basis for shareholder value generation.
THE SOLUTION
The Iluka Investor Relations Guide for Apple iPad and Android
provides online and offline access to recent information relating to the
company (ASX: ILU).
It includes the following information and features:
- Iluka’s investment proposition, shareholder alignment, capital
management
- company overview, resource base and operations- mineral sands
industry
- sales and marketing, customer structure, global locations
- historical financials, investment and industry presentations
- access to latest releases
- events calendar
The App can be downloaded from the Apple iTunes Store (App
Store) and Andrioid version from Google Play by searching for “Iluka
Investor”.
Content Development
Burrows Interactive worked closely with the Iluka Investor Relations team to develop all App content
from scratch. Creative Director Bill Burrows and his team developed Interface Content elements and
Navigation concepts and digital artwork Photography, maps, diagrams and charts were designed and
purpose built to work in Ipad Retina Display and Android formats.
The Iluka Investor Relations App

9. Iluka Resources Limited
CREATE AND DELIVER VALUE FOR SHAREHOLDERS
Annual Report
2014
MINERAL SANDS – PART OF EVERYDAY LIFE
Iluka_2014_cover_FA.indd 4 20/03/2015 9:54 am
Light bulbs, dishes, glasses,
clock parts, food colouring,
ceramic knives, pans
Mobile phones, plastic,
printer inks, paper,
packaging
Ceramics, sanitary and toilet
basins, glass, faucets for taps,
cosmetics, pharmacuetical
products, toothpaste,
anti perspirants, sunscreens
Solar panels, electrical
insulators, bricks/cement,
fibre optics, exterior and
interior paint, tiles/anti-
pollution coatings
Bathroom/lifestyleRoof/building/construction Home/office Kitchen/utilities
Mineral Sands – part of everyday life
A number of the applications of mineral sands products are shown in this section. From everyday
applications in the home and workplace, to medical, lifestyle and industrial applications, the
unique properties of titanium dioxide and zircon are utilised in a vast and increasing array of
products and applications.
Cover Image:
Mineral sands products are used in an array of everyday use applications. The floor and wall tiles shown in the cover image contain zircon. Zircon contributes
the whiteness and the abrasion and heat resistance that tiles provide. Ceramics are also the floor covering of choice in many developing economies. The paint
coatings on the wall, the plastic of the stool and toilet seat use titanium dioxide in the form of pigment. Even the toothpaste contains inert and safe colouring
derived from titanium dioxide. Demand for mineral sands products is linked to urbanisation, to increases in personal wealth and consumption of a range
consumer goods.
PART OF
EVERYDAY LIFE
ILUKA ANNUAL REPORT 2014
1
Titanium metal, desalination
plants, zirconia-nuclear
medicine, zirconium metal,
corrosion resistant coatings
Golf clubs, tennis racquets,
bicycle frames (titanium)
Dental implants, hip and
bone replacements, heart
pacemakers, kidney dialysis
Brake linings/pads, car
parking sensors, automotive
paint, catalytic converters,
automotive electrics,
rubber products
Healthcare/medicineAutomotive Sporting goods/recreation Aircraft/industry
26
Other Growth Options
Metalysis – New Titanium Powder Production Technology
Iluka has established an Investment Agreement with the private, UK based, Metalysis Limited for an
interest of 18.3 per cent in the Company.
This investment forms a part of Iluka’s alliancing and new ventures approach. Metalysis is seeking to develop a single
stage process for the transformation of various metals into powder form.This includes initial work relating to tantalum and
titanium dioxide feedstocks.
If Metalysis can commercially produce titanium metal powder direct from rutile, and potentially synthetic rutile, material
reductions in the cost of titanium metal could follow. Significantly lower prices for titanium metal could dramatically expand
the applications of titanium metal, for example, replacing stainless steels and high performance steel alloys and opening
up demand in other markets such as the manufacture of automobiles.The application of titanium powder in 3D printing also
presents exciting opportunities. Such developments would be positive for high grade feedstock demand.
Iluka has one Board seat (a non-executive director of Iluka) and also one observer (an executive).
Iluka is pleased with Metalysis’ progress in proceeding towards potential commercialisation and in terms of Iluka’s
involvement this has included:
■ provision of various feedstocks, including synthetic rutile, for testing in a small industrial unit, with valuable information
gained which may allow the “customisation” of feedstocks;
■ Iluka’s involvement in the provision of both technical and project management expertise to assist Metalysis management
with their commercialisation activities.This has included reciprocal visits between Metalysis and Iluka’s technical teams
with a view to sharing knowledge and systems in the development and commercialisation of the Metalysis business.
Iluka has a right to increase its shareholding to between 20 to 24.9 per cent in the event of an Initial Public Offering by Metalysis.
MINERAL SANDS
PROJECTS AND OTHER
GROWTH OPTIONS
22
Iluka’s sales and marketing function continued to evolve to better service customer needs
and expand Iluka’s global market presence. Key features are indicated on these pages.
Belgium
Netherlands
Amsterdam
Dubai
Wilmington,
North Carolina
US
Rio de Janeiro
Raleigh
Newcastle,
Delaware
Nashville
Europe
Middle
EastSpain
Durban
Warehouse and small lot distribution facility
Corporate/marketing/exploration offices
Legend
Adelaide
Melbourne
Surat
Qingdao
Shanghai
Malaysia
Indonesia
Sri Lanka
Xiamen
Zhenjiang
Vietnam
Singapore
China
Australian
operations
Perth
MARKETING
AND SALES
FULL RANGE OF QUALITY PRODUCTS MARKET ANALYSIS
Iluka provides a full range of titanium dioxide grade
feedstocks as well as zircon products for all applications.
In total the Company has 53 products with different
technical specifications. This includes 18 different
specifications of zircon products. During the last 18
months, the Company launched 8 new products, designed
to meet specific end market applications.
Iluka conducts detailed industry analysis in both the
titanium dioxide and zircon markets. In zircon, this has
included the completion of a comprehensive ceramic
analysis survey, with an updated survey commenced in
late 2014. Summary results of the 2013 zircon in ceramics
tile survey are available on Iluka’s website. Iluka was a
founding member of the Zircon Industry Association and is
an active participant and supporter of industry initiatives
for the research into the unique properties of mineral
sands products and their increased applications.
Digital Printing of Ceramics
18
Iluka operations – 2013 and 2014 production levels
Production 2013 2014
kt kt
Australian operations
Eucla / Perth Basins
Zircon 186 240
Rutile 33 30
Synthetic rutile 59 0
Ilmenite 211 103
Murray Basin
Zircon 60 93
Rutile 94 148
Ilmenite 184 168
Australian operations total
Zircon 246 333
Rutile 127 177
Synthetic rutile 59 0
Ilmenite 395 271
United States operation
Zircon 40 25
Ilmenite 190 95
Note: Numbers are rounded to nearest whole number.
OPERATIONAL AND
PRODUCTION
OVERVIEW
2013 2014 2015
Notes:
2015 operating regimes dependent on market demand conditions. * MSP – mineral separation plant.
100% Utilisation
100% Utilisation
Mine idled March
Concentrate continues to be processed
Murray Basin Mining
Woornack, Rownack, Pirro Mine (WRP)
Hamilton MSP
Jacinth-Ambrosia
Mining
Narngulu MSP
Tutunup South Mining
SR2 Kiln
3 other Kilns
US Mining (Virginia)
Stony Creek MSP
Production settings
The following chart coveys Iluka’s production settings in
2013 and 2014, along with expected production settings
in 2015. Iluka’s approach is to adjust production in light of
market conditions. For this reason, the Company has been
operating at lower than usual operating rates. The Company
has the ability to rapidly reactivate production in light of
demand recovery and the progressive drawdown of inventory
levels. Iluka’s production response to lower market demand
conditions has been associated with a cash conservation
focus.
~50% Utilisation
~40% Utilisation
Idled June
Idled June
Near full utilisation
~80% Utilisation
~80% Utilisation
~50% Utilisation
Idled
Idled
Idling Concorde mine end February;
Brink mining to continue
Feed dependent
50% Utilisation
Idled previous years
~70% Utilisation
~50% Utilisation
Restart February
Restart April
Brink mining continues
Feed dependent
70% Utilisation
Idle
ILUKA ANNUAL REPORT 2014
17
Ore Reserve/Mineral Resource movements
Eucla Basin Ore Reserves decreased by 0.6 million tonnes of heavy mineral,
principally associated with mining depletion from the Jacinth deposit and write-offs.
Eucla Basin Mineral Resources decreased by 0.6 million tonnes of heavy mineral,
principally associated with mining depletion from the Jacinth deposit and write-offs.
Eucla Basin,
South Australia
Ore Reserves decreased by 1.1 million tonnes of heavy mineral due to mining
depletion at the Woornack, Rownack and Pirro deposits (1.0 million tonnes of heavy
mineral) and write-offs.
Mineral Resources decreased by 1.3 million tonnes of heavy mineral with mining
depletions and write-offs for finalised mining operations (0.3 million tonnes of heavy
mineral).
Murray Basin,Victoria /
New South Wales
Ore Reserves in the Perth Basin did not change due to the idling of Eneabba (March
2013) andTutunup South (June 2013).
Perth Basin Mineral Resources decreased by 0.4 million tonnes due to write-offs.
Perth Basin,
Western Australia
Ore Reserves in the United States decreased by 0.1 million tonnes of heavy mineral.
Mining depletion (0.2 million tonnes) and write-downs were offset slightly by 0.1
million tonnes of increased ore reserves at the Brink operation.
Mineral Resources decreased marginally. Mining depletions were almost offset by
increased resources at the Brink operation.
Atlantic Seaboard,
Virginia / North Carolina,
United States
There were no changes recorded for Sri Lanka.Sri Lanka
ILUKA ANNUAL REPORT 2014
23
PEOPLE AND PRODUCT CLOSER
TO CUSTOMERS
TRACK RECORD OF DELIVERING
ON PROMISES
Iluka has an extensive network of warehouses and
distribution facilities, with a new centre in Wilmington,
North Carolina established in 2014, and a total of 14 global
points of product distribution.The Company has marketing
and sales offices in 10 locations with a skilled, multi lingual
team, speaking 17 languages. Iluka operates 24/7 account
and customer relationship management systems.
Iluka seeks to be a dependable partner for its customers
and the long term growth of their businesses. This is
reflected in a variety of ways, including the shipment of all
products in 2014 to defined specifications, as well as the
Company’s longer term commitment through exploration,
innovation, research and project development to the
continuation of reliable, high quality supply.
DEDICATED
PRODUCT SALES TEAMS
In 2014, Iluka established separate, dedicated titanium
dioxide and zircon sales teams, comprising industry
experts, better able to cater for the specific requirements
of these two markets and their various end market
applications. Iluka also has a mineral sands trading arm.
Zr Ti
CHINA – MARKET DEVELOPMENT
Building on Iluka’s established market presence in
China, the Company announced the creation of a China
Technical Centre, to be operational in 2015. This centre
will be staffed by Chinese and international experts with
a capability to service both titanium dioxide and zircon
customers. With a full service laboratory it will be equiped
to provide analysis of products, opacifier tests and includes
a chlorinator for feedstock optimisation.
Artist’s impression of the ChinaTechnical Centre
Belgium
Netherlands
Amsterdam
Dubai
Wilmington,
North Carolina
US
Rio de Janeiro
Raleigh
Newcastle,
Delaware
Nashville
Europe
Middle
EastSpain
Durban
Warehouse and small lot distribution facility
Corporate/marketing/exploration offices
Legend
Adelaide
Melbourne
Surat
Qingdao
Shanghai
Malaysia
Indonesia
Sri Lanka
Xiamen
Zhenjiang
Vietnam
Singapore
China
Australian
operations
Perth
19
Operational commentary
Australia
■ Iluka operated its two Australian mineral separation plants at lower than usual utilisation levels, in light of market conditions.
■ Murray Basin mineral separation plant utilisation was ~80 per cent, with concentrate from the Jacinth-Ambrosia mining
operation in South Australia in the plant blend (at up to 30 per cent) to improve operational efficiencies.
■ Mining in the Murray Basin at the Woonack, Rownack, Pirro deposits continued, with this mining to reach the end of its
economic life in the first quarter of 2015. Both finished product and concentrate inventory has been built to supply the market
prior to the planned commencement of the next mining operation – Balranald, New South Wales.
■ The Jacinth-Ambrosia mine operated throughout the year; concentrate inventory levels year on year increased associated with
full mining utilisation.
■ All synthetic rutile kiln activity was idle in 2014, with the largest kiln (SR2) to recommence production in the second quarter of
2015. Synthetic rutile product during the year was supplied from inventory.
■ Mining at the Tutunup South mine in the South West, Western Australia remained idled, but with mining recommenced in
February 2015.
Virginia, United States of America
■ Concord mine in Virginia (one of two chloride Iluka ilmenite mines in the US) was idled in February, given sufficient ilmenite
from inventory and the Brink mine to meet expected market demand.
■ The mineral separation plant at Stony Creek, Virginia operated at ~50 per cent utilisation.
■ Iluka announced in December 2014 that the idling of the Virginia operations is likely in 2015.
ILUKA ANNUAL REPORT 2014
Highest global
zircon assemblage deposit.
Ilmenite mining, mineral processing and
ilmenite upgrading (synthetic rutile).
Major rutile production, significant
associated zircon stream.
Chloride ilmenite and associated
zircon production.
Iluka’s flexible production options results in the company’s total indicative
production of its main products varying according to demand.
INTEGRATED FLEXIBLE PRODUCTION BASE
EUCLA BASIN
SOUTH AUSTRALIA
MURRAY BASIN
VICTORIA/NEW SOUTH WALES
PERTH BASIN
WESTERN AUSTRALIA
VIRGINIA
UNITED STATES
ILUKA ANNUAL REPORT 2014
27
Tapira, Brazil – Large Titanium Mineralisation
In July 2014 Iluka established a Joint Development Agreement and Intellectual Property Agreement with
Vale S.A. for the staged evaluation and potential development of major titanium mineral bearing deposits at
Tapira, located in Minas Gerais State, Brazil.
The deposit contains titanium dioxide ores (anatase, ilmenite), rare earth elements and magnetite, located in a region
with infrastructure and logistics and associated with Vale’s phosphate rock mine in Tapira. The deposit has the potential to
accommodate world class titanium feedstock and rare earth element operations.
Iluka’s involvement is through a series of stages which ultimately could result in the Company having a 49 per cent interest in
the project.The first stage consists of a market study for final product market entry, a review of pilot plant design and an ore
characterisation study to determine the preferred design before progressing to further stages.
32
Material aspects
Environment Health and Safety Society Employees
Water
Waste
Biodiversity
Land rehabilitation and closure
Energy and carbon
Occupational hygiene and health
Safety
Radiation
Contractor management
Emergency preparedness
Stakeholder engagement
Grievance management
Indigenous people
Cultural heritage
Community partnerships
Socio-economic contributions
Anti-bribery and corruption
Diversity
Talent management
Employee engagement
Volunteering
The long term success of the business relies on attracting,
retaining and developing quality people who share the Company’s
commitment to safe, responsible conduct in all its operations.
It also requires sound planning, control and risk management
systems and building strong and healthy relationships with
stakeholders that are of mutual benefit.
Reporting approach
The 2014 Sustainability section of the Annual Report details the
Company’s sustainability approach and performance relating to
Iluka led exploration activities, projects, operations, rehabilitation
sites, facilities and offices globally.
Iluka is seeking to progressively align its reporting with the Global
Reporting Initiative (GRI) Sustainability Reporting Guidelines G4,
as they relate to its business, its key risks and the stakeholders
the Company engages with. The 2014 report addresses the
aspects of the business considered the most material and, where
practicable, reports against G4 indicators relating to these
aspects of Iluka’s business.
Materiality
Iluka employs a number of processes for identifying material
sustainability aspects, including impact assessments, risk
assessments, and ongoing stakeholder engagement. Aspects
are considered material if they have the potential to impact
the Company’s ability to achieve business objectives or are of
material concern to stakeholders.
SUSTAINABILITY
Rehabilitated land at Waroona in the South West of Western Australia.
Iluka believes in targeting high levels of performance and pursuing
leading sustainability practices. The Company’s actions reflect values
of Commitment, Integrity and Responsibility.
8
Key Elements of Iluka’s Approach - 2014
■ Health and safety
- Continued organisational and cultural focus on maintaining a safe work environment
- Total recordable injury frequency rate of 3.6, compared with 4.6 in 2013
- Lost time injury frequency rate of 0.9 compared with 0.3 in 2013, considerably lower than the
2010–2012 average of 2.9
■ Sustainability
- No major environmental incidents, with 84% of incidents level one (lowest severity)
- Awarded South Australian Premier’s Award for Excellence in Environmental Management,
associated with rehabilitation in a mixed use regional reserve in the State
■ Ore Reserves and Mineral Resources
- Ore reserves decreased by 1.8 million tonnes to 24.9 million tonnes, mainly reflecting
depletions
- Approximately 15 years reserve cover at 2014 depletion rate
- Mineral Resources of 176.4 million tonnes (inclusive of Ore Reserves), approximately
7 times Ore Reserves
■ Financial performance
- Net earnings after tax, a loss $62.5 million, inclusive of $86.5 million after tax non cash
impairment
- Group EBITDA margin of 32.5%
- Free cash flow of $196.3 million
- Net debt of $59.0 million with available undrawn facilities of ~$708 million
- Gearing (net debt/net debt + equity) of 3.9%
■ Market conditions
- Partial zircon demand recovery, with demand most robust in China and North America
- Conditions for demand recovery in high grade titanium feedstock market evident, particularly
chloride pigment
KEY ELEMENTS
OF 2014
Summary Ore Reserves
In Situ Heavy Mineral Tonnes (millions)
Opening Reserves 2014 26.6
Production/Depletions (1.6)
New Ore Reserves/Adjustments (0.1)
Closing Ore Reserves 24.9
Ore Reserves Net Change (1.8)
Summary Mineral Resources
In Situ Heavy Mineral Tonnes (millions)
Opening Mineral Resources 2014 178.7
Production/Depletions (1.6)
New Mineral Resources/Adjustments (0.6)
Closing Mineral Resources 176.4
Mineral Resources Net Change (2.3)
Totals may not add due to rounding
Ore Reserves decreased by 1.8 million tonnes of heavy mineral, following mining depletion and adjustments.
Mineral Resources decreased by 2.3 million tonnes of heavy mineral, net of mining depletion and adjustments (sale,
relinquishment, exploration discovery and development and write-downs).
Ore Reserves Cover (Ore Reserves divided by annual depletion) is approximately 15 years at 2014 depletion rates (a lower
than usual year of depletions), while the amount of Mineral Resources (which is inclusive of Ore Reserves) is approximately 7
times the Ore Reserve level.The movement in Ore Reserves and Mineral Resources are described on the next page.
ORE RESERVES
AND MINERAL
RESOURCES
The following table provides a summary of Iluka’s Ore Reserves and Mineral Resources as at 31
December 2014. Iluka’s complete Ore Reserves and Mineral Resources statement, reported in
accordance with the JORC Code (2012 Edition), is available on pages 157 to 161.
16
ILUKA ANNUAL REPORT 2014
33
Where Iluka operates
Different sustainability aspects are relevant to Iluka in different
locations and at different points in the value chain. As depicted in
the accompanying map, all of Iluka’s operations and rehabilitation
sites are in OECD countries, hence material sustainability aspects
are those relevant to these locations.
Iluka also operates warehouse facilities, marketing offices,
and exploration sites in several OECD and non-OECD countries;
however these are typically staffed with less than 10 people and
have a limited sustainability profile.
As the Company advances projects and examines growth
opportunities in new locations - through exploration, acquisitions,
and joint ventures - risk assessments are undertaken to
identify location-specific issues and risks. Iluka’s sustainability
framework and capabilities will be evaluated in accordance with
this to ensure the Company can maintain its commitment to safe
and responsible conduct in all operating environments.
Adelaide
Melbourne
Belgium
Netherlands
Amsterdam
Dubai
US
Wilmington
Rio de Janeiro
Wilmington,
North Carolina
Newcastle,
Delaware
Nashville Raleigh Qingdao
Shanghai
Malaysia
Indonesia
Sri Lanka
Xiamen
Zhenjiang
Vietnam
Singapore
China
Europe
Middle
East
Australian
operations
Perth
Perth
Basin
Mining
Area C
Eucla
Basin
Murray
Basin
Spain
Durban
148
6
2
1
1
1
2
1
1
12
678
In 2014 Iluka employed 853 people, with 826 of these working in Australia and the US.
9
ILUKA ANNUAL REPORT 2014
■ Operational flexibility
Continuation of significant operational adjustments in light of market conditions
- Combined 2014 zircon, rutile and synthetic rutile production continued at ~40-50% of ‘high cycle’ settings
- All synthetic rutile capacity idled during year
- Idled Concord mine in Virginia – Brink mining continued
- Lower utilisation rates at Iluka’s three mineral separation plants
- Build of concentrate inventory, especially in Murray Basin
■ Shareholder returns
- Total dividend of 19 cents per share fully franked (6 cents interim dividend, 13 cents
final dividend)
- Share price performance – 31.1% decline for the year vs 14.5% decline for Materials Index
- 5 year total shareholder return of 107.0% vs Materials Index decline of 22.2%
■ Mineral sands projects
Evaluation of internal mineral sands projects advanced
- West Balranald, New South Wales; Cataby, Western Australia; Hickory and
Aurelian Springs, US
- Eucla Basin satellite deposits at pre-feasibility stage
- Puttalam Project, Sri Lanka – regulatory approval work progressed
■ Growth options
- 18.3% interest in Metalysis – UK based technology company seeking to commercialise
titanium powder production
- Phase 1 evaluation of largeTapira deposit, Brazil, with Vale S.A.
The Company
Iluka Resources
Location
Perth, West Australia
Type
Mining
Web Site
www.iluka.com
Employees
853 people in five countries
The Iluka 2014 Annual Report

10. The Company
Iluka Resources
Location
Perth, West Australia
Type
Mining
Web Site
www.iluka.com
Employees
853 people in five countries
THE CHALLENGE
Iluka Resources Virtual Minesite Tour
• Provide an interactive online experience so investment market and
broking analysts can research at their own pace
• Provide a way for investors to research online texturally for further
more detailed information about Iluka mining operations.
THE SOLUTION
Creating a Responsive ‘User Experience’
We developed a ‘Responsive Agnostic design solution’– one piece
of content that re contextualised to suit the device the viewer was
using – Desktop, laptop, Tablet or Phone this solution provided a
slick immersive viewing experience that highlights exceptional content
navigability and usability whilst providing a solution to both web based
interactive delivery as well as offline ‘travelling roadshow’ presentation
style delivery.
It is ‘user’ focussed in it’s design and responsive in technical
development – providing an engaging experience for the target
audience.
Visit the site:
http://www.ilukavirtualminesitetour.com
The Iluka Virtual Minesite Tour

11. The Iluka Virtual Minesite Tour

12. 20
15
ILUKA REVIEW
Acacia papyrocarpa Western Myall tree
Eucla Basin, South Australia
4
Key Elements of Iluka’s Approach - 2015
KEY ELEMENTS
OF 2015
FINANCIAL
PERFORMANCE
SAFETY PEOPLE
PROJECTS
ADVANCED
GROWTH
OPTIONS
OPERATIONAL
FLEXIBILITY
ENVIRONMENT
SHAREHOLDER
RETURNS
ORE
RESERVES
AND MINERAL
RESOURCES
5
■ Safety
- Continued organisational and cultural focus on maintaining a safe
work environment
- Total recordable injury frequency rate of 6.7, compared with 3.6 in
2014; higher year-on-year, but still a material improvement on levels
before the Company's Safe Production Leadership initiative in 2011
- Stable lost time injury frequency rate of 0.9
■ Environment
- No major environmental incidents, with 88% of incidents level one
(lowest severity)
- Continued focus on high standards of environmental management
- 3rd consecutive year of reducing “open” area via land rehabilitation
activities
■ People
- Continued focus on organisational diversity
- Awarded 2015 AIM WA, West Business Pinnacle Award for
Workplace Diversity Excellence
■ Ore Reserves and Mineral Resources
- Ore Reserves decreased by 1.8 million tonnes to 23.0 million tonnes,
mainly reflecting depletions and adjustments
- Approximately 12 years reserve cover at 2015 depletion rate
- Mineral Resources of 173 million tonnes (inclusive of Ore Reserves)
■ Financial performance
- Mineral sands revenue of $820 million, a 13% increase from 2014
- Mining Area C iron ore royalty EBIT of $61.6 million, an 8% decrease
- Net earnings after tax of $53.5 million
- Mineral sands EBITDA margin of 33%
- Free cash flow of $155 million
- Net cash of $6 million, compared with net debt of $59 million
as at 31 December 2014
■ Operational flexibility
- Combined 2015 zircon, rutile and synthetic rutile production of 690
thousand tonnes, up 29%
- Woornack, Rownack, Pirro operation, Murray Basin, Victoria –
mining ceased as planned
- Synthetic rutile kiln 2,Western Australia – successfully recommenced
- Tutunup South mine, Western Australia – successfully reactivated
as ilmenite feedsource for synthetic rutile kiln 2
- Virginia operation, USA idled at year end
- Iluka's three mineral separation plants continued to operate
at reduced utilisation rates
- Suspension of mining and concentrating activities at
Jacinth-Ambrosia from 16 April 2016, announced 16 February 2016
■ Shareholder returns
- Total dividend of 25 cents per share fully franked 6 cents interim
dividend 19 cents final dividend, fully franked
- Share price performance – 3.0% increase for the year vs 19.5%
decrease for SP/ASX 200 Materials Index
- 3 year total return of -32.0% vs SP/ASX 200 Materials Index
of -33.7%
■ Mineral sands projects
- Balranald, New South Wales – 1st stage definitive feasibility study
near completion; Stage 2 commencing in 2016
- Cataby, Western Australia – definitive feasibility study completed
- Sonoran, Eucla Basin – pre-feasibility study completed
- Puttalam, Sri Lanka – scoping study completed; pre-feasibility study
planned for 2016
- Hickory and Aurelian Springs, USA – studies suspended given idling
of Virginia operation
■ Growth options
- 28.8% interest in Metalysis – UK-based technology company seeking
to commercialise titanium powder production
- Phase 1 evaluation of largeTapira deposit, Brazil, in combination
with Vale S.A.
- Detailed evaluation, due diligence related to potential acquisition
of Kenmare Resources Plc
ILUKA REVIEW 2015
The Company
Iluka Resources
Location
Perth, West Australia
Type
Mining
Web Site
www.iluka.com
Employees
853 people in five countries
The Iluka 2015 Review
6
Iluka maintains an investment in all of the main stages of the mineral sands process, from resource development
through to delivery of customer benefits. It does this aligned to its principal objective – to create and deliver
shareholder value,while conducting its operations to the highest standards in terms of governance,environmental,
health and safety management and a commitment to the communities in which it operates.
MINERAL SANDS
VALUE CHAIN
Mineral Sands Value Chain
66
■ Focus on return on capital as
proxy for return on shareholders’
equity
■ Pay as dividends a minimum
of 40% of free cash flow, not
required for investing or balance
sheet activity
■ Distribute maximum practicable
level of available franking credits
■ Maintain a strong, effective and
efficient balance sheet
■ Investments assessed in terms of
market supply/demand as well as
financial characteristics
■ Resource identification, delineation
and resource-reserve conversion
focus
Exploration – mineral sands
■ Consistent investment
■ Internal geological and
geophysical expertise
■ Australian presence, expanding
international activities
Exploration – other minerals
■ Specialist team – initial focus on
minerals on Iluka tenements
■ Farm in and farm out
arrangements
Innovation and technology
■ Commercialisation of non-
conventional resources
■ New mining approaches –
resource conversion potential;
production efficiencies
■ Integrated mining and processing
operations
■ Flex production in light of market
demand
■ Mining, concentrating and
processing experience across
multiple ore bodies over 60 years
■ Land rehabilitation and
environmental management – key
considerations in mine planning/
operation
■ Capability to reactivate idled
capacity (particularly synthetic
rutile kilns)
■ Options at advanced evaluation
- Balranald, Cataby, Hickory,
Aurelian Springs
■ Earlier stage evaluation
- Jacinth-Ambrosia satellite
deposits; Puttalam (Sri Lanka)
■ Joint ventures
-Tapira mineralisation
(Brazil with Vale S.A.)
■ Adjacent investments
- Metalysis Limited,
UK 28.8% interest
- Potentially disruptive
new technology
- Focus on titanium powder
production from high grade
feedstocks (rutile and
synthetic rutile)
Mergers and acquisitions
■ Assessment of mineral
sands deposits/companies
■ Willingness to invest
counter-cyclically where
strategic rationale and
financial merit exist
MINING AND PROCESSING,
ENVIRONMENTAL
MANAGEMENT
RESOURCE
DEVELOPMENT
MINERAL SANDS
PROJECTS/GROWTH
OPTIONS
CAPITAL DISCIPLINE
AND BALANCE SHEET
MANAGEMENT
ILUKA REVIEW 2015
7
Titanium metal, desalination
plants, zirconia-nuclear medicine,
zirconium metal, corrosion
resistant coatings
Golf clubs, tennis racquets,
bicycle frames (titanium)
Dental implants, hip and bone
replacements, heart pacemakers,
kidney dialysis
Brake linings/pads, car parking
sensors, automotive paint,
catalytic converters, automotive
electrics, rubber products
Healthcare/medicine
Automotive
Sporting goods/recreation
Aircraft/industry
Ceramics, sanitary and toilet
basins, glass, faucets for taps,
cosmetics, pharmaceutical
products, toothpaste,
anti-perspirants, sunscreens
Bathroom/lifestyle
Mineral Sands
Mobile phones, plastic, printer
inks, paper, packaging
Solar panels, electrical insulators,
bricks/cement, fibre optics,
exterior and interior paint, tiles/
anti-pollution coatings
Roof/building/construction
Home/office
ILUKA REVIEW 2015
7
■ Governance – highest standards
with established codes, policies
and practices
■ Integrating economic,
environmental and social
considerations into business
practices
■ Ensuring safe and responsible
conduct underpins everything the
Company does
■ Environment – water, biodiversity,
land rehabilitation and closure
focus
■ Health and safety – occupational
hygiene and health, safety,
leadership and training
■ Communities – stakeholder
engagement, Indigenous
employment and training
Wide range of quality products
■ 48 products, with different
technical specifications
■ 18 specifications of zircon
■ Range ofTiO2 grade products
■ Product development focus
People and product closer to
customers
■ 14 global points of distribution
■ Logistics flexibility – small lot/
container/cargo
■ Marketing offices in 10 locations
Dedicated product sales teams
■ TiO2 and zircon sales teams
■ Technical experts who understand
customer businesses
■ Trading arm
From everyday applications in the
home and workplace, to medical,
lifestyle and industrial applications,
the unique properties of titanium
dioxide and zircon are utilised in
a vast and increasing array of
products and applications.
SUSTAINABLE
DEVELOPMENT
CUSTOMER BENEFIT
FOCUS
MINERAL SANDS
– PART OF
EVERYDAY LIFE
34
Reporting approach
The Sustainability section of the Iluka Review details the
Company’s sustainability approach, 2015 focus areas and
performance relating to Iluka exploration activities, projects,
operations, rehabilitation sites, facilities and offices globally.
Iluka is seeking to progressively align its reporting with the Global
Reporting Initiative (GRI) Sustainability Reporting Guidelines G4,
as they relate to its business, its key risks and the stakeholders
with which the Company engages. In accordance with these
guidelines, this section concentrates on those sustainability
aspects of the business considered material for 2015.
Report boundary and scope
All of Iluka’s current operations, comprising mining, processing
and rehabilitation activities are in Australia and the United
States, both OECD (Organisation for Economic Co-operation and
Development) member countries. Further information on these
operations is provided on pages 22 to 23.
Iluka also operates warehouse facilities, marketing offices, and
conducts exploration in other jurisdictions, as shown on page
35. While some early stage activities are being undertaken in
non-OECD countries, based on the current operating profile,
sustainability aspects in OECD countries were assessed as most
relevant.
As the Company advances projects and examines growth
opportunities in new locations through exploration, acquisitions,
and joint ventures risk assessments are undertaken to identify
location-specific issues and risks.This process is described in the
new country entry process on page 39.
SUSTAINABILITY
Both a cultural and a systematic approach are adopted to ensure sustainability issues are identified,
addressed and monitored and that legal obligations are met.
ILUKA REVIEW 2015
35
Adelaide
Melbourne
Antwerp, Belgium
Amsterdam, Netherlands
Dubai
US
Rio de Janeiro
Wilmington,
North Carolina
Newcastle,
Delaware
Nashville Raleigh
Port Klang,
Malaysia
India
Indonesia
Sri Lanka Vietnam
Europe
Middle
East
Australian
operations
Perth
Perth
Basin
Mining
Area C
Eucla
Basin
Murray
Basin
Castellon, Spain
Nules, Spain
Durban
Singapore
137
3
1
1
3
2
1
4
763
2
China
Qingdao / Huangdao, China
Qingdao, China
Shanghai, China
Xiamen, China
Zhenjiang, China
Kazakhstan
Legend
Warehouse and small lot distribution facility
Corporate, marketing, exploration offices
In 2015 Iluka employed 917 people, with 900 of these working in Australia and the US.
Governance and Risk
Pages 37 to 39 Pages 40 to 43
Environment
Pages 44 to 51
Our People
Pages 52 to 57
Communities
Pages 58 to 64
Code of conduct
Bribery and corruption
Sustainability governance
Identifying and managing risk
New country entry
Emergency preparedness
Safety
Health and Safety
performance
Occupational health
and hygiene
Radiation
Environmental incidents
Biodiversity
Land rehabilitation and closure
Water use
Waste management
Energy efficiency and carbon
emissions
Diversity
Talent management
Employee volunteering
Stakeholder engagement
Grievance management
Indigenous relations and
cultural heritage
Employment and economic
contribution
Partnering and community
investment
Materiality
lluka employs a number of processes for identifying material
sustainability aspects, including a review of current and emerging
sustainability issues impacting the industry, risk assessments,
peer benchmarking and stakeholder engagement. Aspects are
prioritised according to their potential to impact the Company’s
ability to achieve business objectives or are of material concern
to stakeholders.
The material sustainability aspects identified for 2015 are
illustrated below. Further information on Iluka’s management
approach and performance in these areas can be found in the
following sections.

13. The Company
Iluka Resources
Location
Perth, West Australia
Type
Mining
Web Site
www.iluka.com
Employees
853 people in five countries
THE CHALLENGE
How investors research and make investment decisions is changing.
The channels between companies and investors are changing.
The new platform for engagement is digital – Iluka wanted to forge a
deeper connection with stakeholders.
THE SOLUTION
The Iluka 2011 Review and Annual Report interactive website allows
users to view both the 2011 Annual Report and Review documents
on the web and devices.
The user is presented with an interactive interface, drop down menus
provide highlights from both documents as well as downloadable
PDF’s.
User selects an item from the navigation panel and the content loads
smoothly into the viewer. Presented as a double page spread with the
ability to click through pages.
Other viewing functions are zoom tool and downloadable single pdf
pages.
Visit the site:
www.iluka.com/annualreport2011
The Iluka Interactive 2011 Review and Annual Report

14. Actinogen Medical Investor Update
The Company
Actinogen Medical
Location
Sydney, Australia
Type
Medical
Web Site
www.actinogen.com.au
THE CHALLENGE
Actinogen Medical is a publicly listed (ASX: ACW) clinical-stage
biotechnology company undertaking research in Alzheimer’s disease
and other age-related neurodegenerative diseases.
THE SOLUTION
We developed a a refreshed layout for the company’s Investor Update
newsletter - featuring a comprehensive ‘infographic diagram their
Alzheimers treatment drug Xanarnem.

15. Linfox ‘Solutions’ Asia Pacific Magazine
The Company
Linfox Logistics
Location
Melbourne Australia
Type
Transport Logistics
Web Site
www.linfox.com
THE CHALLENGE
Linfox ‘Solutions Asia Pacific magazine
• Design a new contemporary simple engaging content template
layout style for ‘Solutions’
• Provide a Digital interactive online experience so staff and
management can read anywhere at their own pace
THE SOLUTION
Creating a Responsive ‘User Experience’
We developed a ‘Responsive Agnostic design solution’– one piece of
content that re contextualised to suit the device the viewer was using
– Desktop, laptop, Tablet or Phone.
Using the world’s best digital publishing platform – we transformed
Solutions into engaging interactive experience.
That work and look great across all digital platforms.
Features included:
• Interactive table of contents
• Searchable content
• single double pages, download and print buttons
• Usage analytics
• Online subscription
• Optimised for smart phones and tablets
• Branding and background customisation
View Linfox Solutions online

16. Websites

17. Websites

18. Websites Brand Indentity

19. Brand Indentity

20. Brand Indentity

21. PHILLIPS RIVER
Brand Indentity

22. Brand Indentity

23. Iluka Quarterly Update
From Mine
Manager,
Jamie McDonald
As we start into the New Year, I hope all have
had a safe, happy holiday, and all are just
as keen and ready to kick start another new
year. In starting, the end of 2014, Jacinth-
Ambrosia (J-A) achieved a TRIFR rate of
2.43 against an overall corporate target of
4.41, J-A also performed and successfully
completed cleaning of the water line that
feeds the concentrator, the water line tracks
along 32kms from Borefields to the actual
mine site, execution without any incidents, a
commended effort . Overall there has been a
great effort from all in the operations as J-A.
On our quarterly production report (31st
December 2014) results showed an increase
in Zircon and Rutile. We saw Zircon, Rutile
and Synthetic Rutile (Z/R/SR), production at
535 thousand tonnes, compared with 2013 -
471 thousand tonnes. Sales volumes for 2014
increased 5 per cent to 616 thousand tonnes
of (Z/R/SR); this resulted in softer global
demand for Zircon and recovering demand
for high grade titanium dioxide (Quarterly
Production Report 31st Dec 14, ASX Release
2015).
We look forward to rolling out our internal
Training and Development framework, which
has been developed Dave Wright. The new
framework will be implemented in 2015;
providing Iluka employees clear indications of
their professional development and guidance
in what career path they choose within the
company.
Iluka’s current annual reporting is underway,
once completed we look forward in sharing
with you our activities going into 2015,
for any further information on quarterly
production report, visit the website
www.iluka.com
From Superintendent –
Environment, Rehabilitation
and Community Relations, Nick
Travers
Currently J-A site, are updating the
environmental approval program for
Environmental Protection and Rehabilitation
(PEPR). The PEPR provides an integrated
approach to managing all stages in the life
cycle of the mine, including its closure and
completion. The update will capture key
scientific learnings gained since operations
commenced in 2009, consolidate minor
variations to the current approval and
enable improved project economic outcomes.
Critically, the updated approval seeks to
maintain and enhance compliance with
approved lease conditions and environmental
commitments for the operation. Iluka plans
to submit the updated PEPR for government
approval in Q1 2015.
Update – Rehabilitation Tina Law
Finishing up in 2014, we transferred mine
tailings (waste) into “Cell 2” filling the
complete pit by October 2014. After allowing
the tailing to dry, the area is currently being
reshaped using bull dozers. Final planning is
also under review for a creek and dune, which
will be returned to these areas, and later in
this year, 2015 we will begin to return soil
profiles.
Rehabilitated areas that came to completion
in 2013/14 are coming along well. With
vegetation growth spreading across the area
(see picture below), we witnessed during
monitoring of vegetation, birds (pipits
and thornbills) and lizards occupying the
re-growth (see picture), which is a positive
outlook
Iluka Out and About
2014 – Community Events
J-A Environmental Superintendent -
Nick Travers Receiving the award by SA
Minister for Resources Mr Tom Kousti.
Environmental Excellence
– Jacinth-Ambrosia (J-A) awarded the
South Australia Premiers Award in
2014. Recognising J-A environmental
management and rehabilitation programs,
partnerhsips and research development to
date.
Science Alive – Adelaide
Showground
August 2014 Iluka set up an information
booth at the Science Alive Expo in Adelaide,
students across the CBD area came to the
event, taking with them a new understanding
of science and career pathways.
Rehabilitation Specialist Joanne Lee,
with students visitng the Science Alive
Expo.
Volunteer
Iluka Community NewsWelcome to Iluka’s Community Newsletter, a quarterly publication which keeps you
up-to-date with Iluka’s operations in and around the Far West Coast region
www.iluka.com
Ph: 8300 2000
Lara Taylor, Charles Coleman, Tyson Glover
Bruce Zimmer, Adam Grogan
May 2014 - Iluka Sponsored work
uniforms for the young people working at
“Bernadettes Place” (Café) Eyre Futures.
2014 - Yalata Sports Carnival
Onsite medics Lara Taylor, Tyson Glover, Adam
Grogan and Bruce Zimmer volunteered as on call
medics at the Yalata Football Carnival. Charles
Coleman (Day Crew Operator) also volunteered
his time to umpire the matches on the day.
September 2014 - Ceduna Area
School Site Tour
Indigenous Youth Leadership
Program (IYLP) ‘Reconciliation
Dinner’ May 2014
Leeroy Bilney, Iluka’s Community Relations
Officer attended the Indigenous Youth
Leadership Program (IYLP) ‘Reconciliation
Dinner’ held at Westminster College. Leeroy
caught up with some of the student (pictured
above) recipients of the Far West Coast
Aboriginal Scholarship Program.
If you
would like
any further
information
about Iluka’s operations
or public activities, please
contact Community Relations
Officer Leeroy Bilney
on +61 (0)477 708 085 or
leeroy.bilney@iluka.com
Iluka Community NewsWelcome to Iluka’s Community News, where we keep you up-to-date with
Iluka’s operations in Victoria and Southern New South Wales.
Iluka in the Community
Water flowing into Toolondo
Water flowing into Toolondo
Update from the Manager
- Dan McGrath, Manager, Eastern Operations
In June, Iluka submitted
approval documents
to the Environmental
Protection Authority
and Horsham Rural City
Council for the continued
regulated disposal of by-products from the
company’s Hamilton MSP at a dedicated
location at the former Douglas mine site.
The State Government requires renewed
approvals once the MSP stops processing
concentrate sourced from Iluka’s WRP mine.
This is anticipated to occur in mid 2016. This
is the same practice the company has been
undertaking for a decade, with no change in
operating practice being sought.
The company’s proposal has attracted vocal
opposition from one particular landcare
group. It should be noted that many of
the unsubstantiated claims by this group
are based on incorrect or misinterpreted
information, with regulatory authorities
consistently supporting Iluka’s practices at
all of its Murray Basin sites. While Iluka
respects the right of all stakeholders to
express their views, the company believes
it is important that discussion is conducted
on an objective, factually supportable
basis. Iluka also believes that any objective
assessment of the facts and scrutiny of the
company’s practices will demonstrate that
its planned actions have and will continue
to be undertaken in a responsible manner,
with negligible environmental impact and
in accordance with all necessary regulatory
arrangements. In keeping with Iluka’s
transparent approach, the company will
supplement the statutory exhibition process by
making all relevant information available to
interested stakeholders, including through an
onsite public information day.
Further information on the Hamilton by-
products disposal project can be found
on the company’s website at http://www.
iluka.com/company-overview/operations/
murray-basin-victoria-australia/douglas-
by-products-disposal
Serra Terra
Over the Queen’s Birthday weekend in June the
Iluka Igunas, a team of eight Iluka staff, joined
the annual Serra Terra walking relay in the
Grampians National Park. The relay raises funds
for the Dunkeld Community Centre.
Relay for Life
Local Iluka employees, family members and
friends joined together to participate in the
2015 Relay for Life in Hamilton on Friday 20
and Saturday 21 March. A team of 15 members
walked in the 18 hour, overnight relay-style event
and much fun was had by all. Support from the
Iluka community was extremely generous with
over $2,000 being raised through morning teas
and BBQ’s onsite at Hamilton MSP. All money
raised from Relay for Life is used by the Cancer
Council to help fight against cancer.
Murray to Moyne
Two Iluka employees participated in annual
M2M ride. Terry Cameron and Rob Grazziadelli
(the Sprocket Rockets) rode 200 kms over the
weekend in the bike relay which once again saw
the Rockets raising much appreciated funds for
the Mulleraterong Centre in Hamilton.
Standing Tall
Iluka have had a long association with the highly
regarded Standing Tall program, which assists
young people and the whole community, with the
company providing funding of $10,000 in 2015
to support the program. Scott McQueen and
Tom Blackwell continue to provide direction to
the Committee of Management and a number
of our people are directly involved with the
mentoring program.
Lake Toolondo
In January 2015 Iluka reached an agreement
with Victoria Recreational Fish and the State
Government to donate 5,000 megalitres of unused
water entitlement from Rocklands Reservoir to
Lake Toolondo near Horsham. This water helped to
maintain water levels for fish to survive through the
summer.
As reported in state wide media channels: Victorian
PremierDanielAndrewssaid“We’vegotabalanced
outcome - there’s about a $100,000 cost to the
taxpayer involved in getting the water from where
it is at the moment, but in terms of the water itself
we haven’t had to pay any money for it. Iluka have
effectively donated that water, an excess entitlement,
back to the environment, back to recreational
fishing.”

25. Iluka Resources
BUSINESS FRAMEWORK
CURRENT ORE RESERVE /
MINERAL RESOURCE BASE
FINANCIAL FOCUS
n 10 year Ore Reserve cover
n Resources ~ 6 times Ore Reserves
n Resource phase predominantly chloride TiO2
n External resource “options” secured
n Integrated mining and processing operations
n Flex production in light of market demand
n Capability to quickly reactivate idled capacity (particularly
synthetic rutile kilns)
n Geological/grade control, processing metallurgical strengths
n Enhancing the returns generated from Iluka’s resource and
production base as well as identifying and advancing new
technologies.
Objective
Mineral sands company involved in exploration,
project development, operations and marketing
Create and deliver value for shareholders
MINERAL SANDS
OPERATIONS
MINERAL SANDS FOCUS (INTERNAL) MINERAL SANDS GROWTH FOCUS
MARKETING, MARKET DEVELOPMENT RESOURCES DEVELOPMENT
Infrastructure and Approach
n Direct customer sales arrangements
n Technical buying decision – product quality, specifica-
tions important
n Dual sales / marketing team – zircon and titanium
feedstocks
n Multiple international warehouses, flexible logis-
tics to meet customer needs
Market Analysis
n In-country analysis
n End sector demand analysis
n Industry / technical evaluation capabilities
- tile testing facility
- annual zircon intensity study
- competitor and inducement analysis
Demand Growth
n Detailed evaluation of China pigment sector
capacity economics, supply trends, government
policy
n Implications:
- opportunities to supply sulphate feedstocks to
installed pigment capacity
- high grade titanium dioxide opportunity to
nascent chloride capacity
n Metalysis
- disruptive technology
- potential positive for high grade demand
n Zircon Industry Association
- Iluka instrumental in establishing
- zircon qualities/new end applications
- zircon “branding”
Project Evaluation
and Development
n Resource – reserve conversion
n Sustaining / growth
production
n Gated approach to internal
options
n Dependent on portfolio
optimisation
n Market demand
considerations
n Capital efficiency focus
Exploration
Mineral Sands
n Internal expertise
n Consistent commitment
n Major Australian presence
n Expanding international
presence
n Non Mineral Sands
n Small, specialist team
n Initial focus on commodities
on Iluka mineral sands
tenements
n Selective targeting of other
commodities
Innovation and Technology
Areas of focus:
n Production efficiencies
n New product development
n Commercialisation of
non-conventional resources
n Technical input to resource
development (e.g. Tapira),
new technologies
(e.g. Metalysis identification)
ACQUISITION, MERGERS, JOINT VENTURES
CAPITAL DISCIPLINES
Mineral Sands
n Assessment and economic analysis of all known
mineral sands deposits
n Clear criteria applied to evaluation:
- scale, quality, margin characteristics
- complementarity to Iluka portfolio
- ‘market fit’
Examples:
n Sri Lanka
- large, scaleable sulphate ilmenite
- staged approach
n Tapira, Brazil (Vale JV)
- large, scaleable chloride ilmenite feedstock
- staged approach
Other Minerals
n Industry structure
n Supply / demand market characteristics
n Materiality of opportunity
n Iluka ability to apply technical / marketing
expertise
Examples:
n Metalysis
- disruptive Ti powder / metal technology
- potential high grade TiO2 demand influence (Iluka
rutile)
n Refer Briefing Paper
320 $47.1
billion by
2017
China has one of the
world’s highest rates of
smoking, with about 320
million people —a
quarter of the world’s
smokers.
7 in 10 non-smoking
adults were exposed to
second-hand smoke in a
typical week.
In China, chronic respiratory diseases are the second leading cause of death with tobacco smoking,
air pollution and biomass fuel use being the major risk factors.
The global market for
respiratory drugs is
estimated to be $47.1
billion by 2017.
Asia is projected to make
up 27.5% of that market
($13B).
million
smokers
China: market relevance and market size
ASIA
$13B
$13.3B
$20.8B
AMERICAS ROW
1:6 Tobacco related deaths
worldwide are in China
Consequences of smoking include cardiovascular disease,
diabetes, cancer and chronic respiratory disease.
Cardiovascular Diabetes Cancer Chronic
Respiratory
Data flow/Infographics

28. ■Remote Device Operation
■Remote Training
■Remote Service
■SW Updates
■User Training
■User Access Management
PatientDataAssessment
eyeCloudeyeConnect Specialist Review Panel
Locations Locations
Hospital
Home
Field Clinic
Clinic
Mobile Clinic
Hospital
Operator
Operator
Operator
Patient
Patient
Patient
Patient
Data Management
■Data Storage
■Data Encryption
■Controlled Access
■SW Updates
■SW Maintenance
■Backup Data
Patient Data Patient Data
Doctor’s Recommendation Doctor’s Recommendation
Ingeneus Telehealth Platform
MobileQuality of Service
Light bulbs, dishes, glasses,
clock parts, food colouring,
ceramic knives, pans
Mobile phones, plastic,
printer inks, paper,
packaging
Ceramics, sanitary and toilet
basins, glass, faucets for taps,
cosmetics, pharmacuetical
products, toothpaste,
anti perspirants, sunscreens
Solar panels, electrical
insulators, bricks/cement,
fibre optics, exterior and
interior paint, tiles/anti-
pollution coatings
Bathroom/lifestyleRoof/building/construction Home/office Kitchen/utilities
Mineral Sands – part of everyday life
A number of the applications of mineral sands products are shown in this section. From everyday
applications in the home and workplace, to medical, lifestyle and industrial applications, the
unique properties of titanium dioxide and zircon are utilised in a vast and increasing array of
products and applications.
Cover Image:
Mineral sands products are used in an array of everyday use applications. The floor and wall tiles shown in the cover image contain zircon. Zircon contributes
the whiteness and the abrasion and heat resistance that tiles provide. Ceramics are also the floor covering of choice in many developing economies. The paint
coatings on the wall, the plastic of the stool and toilet seat use titanium dioxide in the form of pigment. Even the toothpaste contains inert and safe colouring
derived from titanium dioxide. Demand for mineral sands products is linked to urbanisation, to increases in personal wealth and consumption of a range
consumer goods.
PART OF
EVERYDAY LIFE
ILUKA ANNUAL REPORT 2014
1
Titanium metal, desalination
plants, zirconia-nuclear
medicine, zirconium metal,
corrosion resistant coatings
Golf clubs, tennis racquets,
bicycle frames (titanium)
Dental implants, hip and
bone replacements, heart
pacemakers, kidney dialysis
Brake linings/pads, car
parking sensors, automotive
paint, catalytic converters,
automotive electrics,
rubber products
Healthcare/medicineAutomotive Sporting goods/recreation Aircraft/industry
Data flow/Infographics

29. www.burrowsinteractive.com