Australian Securities Exchange Notice

23 October 2018 ASX: ILU

PRODUCTION INTERRUPTED AT SIERRA RUTILE DUE TO

UNLAWFUL STRIKE ACTION

Iluka Resources Limited (Iluka) advises that its Sierra Leone subsidiary, Sierra Rutile Limited (SRL), has temporarily halted mining operations as a result of unlawful strike action taken by a contingent of its operational workforce. The strike action has been peaceful. Mining was halted to ensure the continued safety of SRL employees and the integrity of its assets.

Management has engaged with employees and union officials to understand the rationale for the strike action, as well as with ministers and senior officials of the Government of Sierra Leone to seek assistance in resolving the dispute.

The strike action is not in accordance with Sierra Leonean law. SRL has a clear grievance process in place and this has not been utilised prior to strike action being taken.

At SRL's request, the Minister for Labour has travelled to site and met with employees on 22 October in order to progress a return to work.

The strike action will impact full year rutile production for 2018. SRL's rutile production to 30 September 2018 was 93.4 thousand tonnes; and SRL could achieve a maximum of ~135 thousand tonnes of rutile production for 2018, dependent on when the strike action is resolved. A broader production update will be provided in Iluka's Quarterly Review, which is scheduled for release to the market on Wednesday 24 October, after which an investor call has been scheduled.

Iluka is focused on achieving an appropriate resolution to the strike action and will keep the market informed of progress toward that resolution.

Investor enquiries:

Media enquiries:

Melissa Roberts

General Manager, Investor Relations and Commercial Mineral Sands Operations Mobile: + 61 (0) 450 398 431

Email:investor.relations@iluka.com

Luke Woodgate

Manager, Corporate Affairs

Phone: + 61 (0) 8 9360 4785 Mobile: +61 (0) 477 749 942 Email:luke.woodgate@iluka.com

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

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Iluka Resources Ltd. published this content on 23 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 October 2018 23:32:04 UTC