| | Iluka signs zircon JV in Eucla Basin - Breaking News (Site not responding. Last check: 2007-10-18) |
 | | Under the terms of the Colona joint venture, Iluka will earn a 51 per cent interest by completing 2,500 metres of drilling in the first year and spending $1 million over the following five years, including $200,000 in each of the second and third years. |
 | | The venture is a part of a much larger Eucla Basin exploration initiative for Iluka, which is the largest producer of zircon in the world and the second-largest titanium minerals production company. |
 | | The two Adelaide Resources licence areas to be explored by the joint venture are 2840 and 2841. |
| www.smh.com.au - !http: //www.smh.com.au/articles/2004/06/29/1088487964281.html (491 words) |