ILU iluka resources limited

Background needed.Can anybody advise the history of the royalty...

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    Background needed.
    Can anybody advise the history of the royalty stream from BHP area C.
    Was ILU exploring for rutile and ran across a iron ore deposit
    or did they dig up rutile and then find iron ore underneath.

    A three line answer would do for my purposes.

    Thanks
 
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