Sydney, Dec 12, 2005 (ABN Newswire) - Iluka Resources (ASX: ILU) in combination with Adelaide Resources Limited (ASX: ADN)(the Colona Joint Venture) today announced further very encouraging results from the Eucla Basin in South Australia.

The results include further laboratory analysis received from infill holes drilled on the original Tripitaka Prospect (refer ASX Release dated 11 November 2005).

The Tripitaka Prospect is located approximately 90 kilometres from the Jacinth and Ambrosia discoveries on part of Iluka's 60,000 square kilometres of tenements in the Eucla Basin. The mineralogy results from line 5085SE indicate very high zircon in the assemblage of 68%.

The additional drilling has significantly improved previously reported results with very encouraging intersections including 15.5 metres at 4.9% from hole YE0615 and 21.0 metres at 5.6% from hole YE0624. The Tripitaka mineralised zone is near surface and up to one kilometre wide and two kilometres long.

According to Mike Folwell, Managing Director and CEO of Iluka: "These result continue to confirm the high zircon assemblage of Iluka's Eucla Basin landholding drilled to date. On the basis of only limited drilling, the results from Tripitaka compare favourably with those from Jacinth and Ambrosia and confirm the regional prospectivity contained within Iluka's tenements." "The Eucla Basin is forming as a major, world class zircon producing province. A major focus of Iluka's exploration activities is to continue to delineate the resource and reserve potential of the Basin. Pre-feasibility work has commenced to determine the most capital efficient and responsible manner to develop the emerging resource and meet market demand" Mr Folwell said.

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