Iluka Resources Limited

The Premium Advantage

ZIA Annual Conference, Kuala Lumpur 13 - 14 September 2022

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Disclaimer 2

This presentation has been prepared by Iluka Resources Limited (Iluka).

By accessing this presentation you acknowledge that you have read and understood the following statement.

This presentation includes forward-looking statements reflecting Iluka’s current expectations. These statements are expressed in good faith and the expectations and beliefs are
genuinely held but no representation or warranty is being made by Iluka that the matters stated in this presentation will in fact be achieved or prove to be correct. Readers
should not place undue reliance on any forward-looking statement.

Forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that could cause the actual results or achievements of Iluka to differ
materially from expectations. These risks and uncertainties include changes in exchange rate assumptions; changes in product pricing assumptions; major changes in mine plans
and/or resources; changes in equipment life or capability; emergence of previously underestimated technical challenges; increased costs and demand for production inputs; and
environmental or social factors which may affect a licence to operate, including political risk.

lluka does not undertake to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation, or to reflect
the occurrence of unanticipated events, except as may be required under applicable securities laws.

All figures are expressed in Australian dollars unless stated otherwise.

Agenda 3

• Introduction

• Mineral sands and rare earths markets

• Premium Advantage by market segment

• Premium Advantage for the industry

• Iluka’s Premium Advantage


A global critical
minerals company
Iluka is a globally significant producer
of zircon and high grade titanium
feedstocks; and is set to become a
globally material supplier of refined
rare earths
Operational experience
Over 70 years of critical minerals
exploration, mining, processing,
marketing and rehabilitation, with a
pipeline of quality projects to meet
growing demand
Critical minerals for
everyday life
Zircon, titanium and rare earths are
used in an array of everyday
applications and are critical for
sustainable development, including
global electrification
Sustainable supply
chain
A safe, responsible and sustainable
supplier of critical minerals, supporting
the transition to a modern, low carbon
economy
Mineral sands and rare earth markets 5

Short term dynamics Long term global trends

High grade • Downstream inventories low • New supply limited by few quality projects
titanium •
•
High grade increasing plant yields
Jurisdictional supply risks
•
•
Urbanisation and rising living standards
Move to high grade feed – less waste and cost
(Iluka products: rutile and
synthetic rutile)

Zircon • Supply tightness and disruption • New supply limited by few quality projects
• Solid demand fundamentals • Urbanisation and rising living standards
• Increasing cost of substitutes • Increasing array of applications

Rare earths • Growing demand for EVs • Global electrification and renewable energy
• Security of supply chain • Secure and sustainable supply chains
The Premium Advantage 6
The Premium Advantage - Ceramics 7

Bodies
Downstream Processing & End-product Quality
Ceramics • Enables higher quality designs

50%* Engobes & glazes

• Low chromophores = high whiteness

• Supports new uses and applications

Regulatory & OHS

Frits • Radiation index limits in key tile markets.

• Radiation in building materials

Sanitary ware

* % of global zircon market 2021. Source TZMI/Iluka

The Premium Advantage – Specialty products & chemicals 8

Pigments

Downstream Processing & End-product Quality

Specialty products
• Functional requirement for zircon purity
& chemicals Fused zirconia
• High precision composition to maximise function
20%*
Regulatory & OHS

Advanced • Radiation
materials
• Radiation U+Th limits in key regions

Medical

* % of global zircon market 2021. Source TZMI/Iluka

The Premium Advantage - Refractories 9

Downstream Processing & End-product Quality

Refractories Glass refractories • Functional requirement for zircon purity

18%* • Higher refractoriness and corrosion resistance

• Higher purity imparts higher refractoriness

Regulatory & OHS

• Radiation
Steel refractories
• Radiation U+Th limits in key regions

* % of global zircon market 2021. Source TZMI/Iluka

The Premium Advantage - Foundry 10

Downstream Processing & End-product Quality

Sand casting
Foundry
• Functional requirement for zircon purity
11%* • Higher purity imparts higher refractoriness

Coatings
Regulatory & OHS

• Radiation

• Radiation U+Th limits in key regions

Precision casting

* % of global zircon market 2021. Source TZMI/Iluka

 The Premium Advantage for the Industry 11

Maintain and reinforce Understanding of the Protect the Premium

the functional advantage regulatory landscape Advantage over risks

Shortcuts when developing deposits may

Product Life Cycle Assessment
lead to reduced Premium sand
Iluka’s Premium Advantage 12

Supporting existing and Prioritizing Premium

Innovative solutions
future demand products

Product Supported by disciplined Sustainable and

differentiation investments environmentally friendly