First Ore on Ship at Onslow
Mineral Resources delivered its first ore on ship in May 2024, just 11 months after breaking ground at the Onslow mine, marking a significant achievement in its 32-year history.
Strong Fiscal Performance
FY '24 volumes reached 269 million tonnes, up 9% year-on-year, with numbers largely in line with guidance.
Mining Services Expansion
Commencement of the first haulage contract in Queensland with 330-tonne road trains, indicating potential growth in the region.
Iron Ore Business Success
Onslow Iron project commissioning went smoothly, with 319,000 tonnes shipped in May and June and the first Capesize vessel loading expected in early August.
Solid Lithium Business Performance
FY '24 production and shipments at Wodgina and Mt Marion were records, with a 15% increase in received prices across three sites.
Significant Liquidity
Mineral Resources reported significant liquidity of $2.8 billion as of 30 June 2024, including $900 million in cash.