Australian Securities Exchange Notice

24 May 2017

ILUKA ZIRCON REFERENCE PRICE INCREASE

Iluka Resources Limited (Iluka) advises that it has announced an increase in its Zircon Reference Price of US$130 per tonne to US$1,100 effective from 1 July 2017.

Given the materiality of the price increase, Iluka considers it appropriate to inform the market. In the ordinary course, pricing commentary will be restricted to its half and full year financial statements. Iluka also emphasises that it does not provide price forecasts.

The Reference Price1 is the benchmark against which a range of Iluka zircon products are priced. Iluka's weighted average received price can and does vary from this, reflecting specific customer arrangements, market channels, geographies and product mix.

Investment market and media inquiries:

Adele Stratton

General Manager Finance, Investor Relations and Corporate Affairs Phone: + 61 (0) 8 9360 4631

Mobile: +61 (0) 415 999 005

Email: adele.stratton@iluka.com

1 Iluka's Zircon Reference Price is based on a 2 tonne bag of Zircon Premium, DAT, ex-China warehouse.

Iluka Resources Limited • ABN 34 008 675 018 • Level 23 140 St Georges Terrace Perth WA 6000

GPO Box U1988 Perth WA 6845 • T +61 8 9360 4700 • F +61 8 9360 4777 • www.iluka.com

Iluka Resources Ltd. published this content on 24 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 May 2017 02:10:23 UTC.

Original documenthttp://www.iluka.com/docs/default-source/asx-releases/iluka-zircon-reference-price-increase-24-may-2017

Public permalinkhttp://www.publicnow.com/view/E839627FEEFA2D6CC10B18359A9AD7C1A644BAE6