InvestSMART

Mineral Resources Limited (ASX:MIN)

ALERT: Price-sensitive ASX Announcement for MIN
Current share price for MIN : $56.780 19.33 (51.62%)+
Announcement
Release
28 Aug 2025 8:20AM
Price at Release
$37.450
Full Release
download
Summary
Mineral Resources Limited provided its maiden Mineral Resources and Ore Reserves statements for the Pilbara Hub, consisting of three sites: Iron Valley, Wonmunna, and Lamb Creek. As of 30 June 2025, the Pilbara Hub Mineral Resources are 161 million tonnes (Mt) at 57.0% Fe, and the Ore Reserves are 51 Mt at 57.5% Fe. The Pilbara Hub is operated as a single economic unit with the intention of extending its production profile by incorporating Lamb Creek into the supply chain by FY26. The Ore Reserve estimates are based on a combination of detailed geological modeling, integrated Life of Mine (LOM) planning, and cost and revenue assumptions. The operations utilize conventional open pit mining methods and involve the use of standard mining equipment with strategic logistics for transportation to Port Hedland. Key aspects such as geological confidence, resource classification, and mining assumptions have been validated through internal reviews and align with JORC Code standards.
Key Points
  • Pilbara Hub Mineral Resources: 161 Mt at 57.0% Fe as of 30 June 2025.
  • Pilbara Hub Ore Reserves: 51 Mt at 57.5% Fe as of 30 June 2025.
  • The Pilbara Hub includes Iron Valley, Wonmunna, and Lamb Creek sites.
  • The Pilbara Hub functions as a single economic unit.
  • Lamb Creek to join the supply chain in FY26.
  • Operations involve conventional open pit mining.
  • Resource estimates adhere to JORC Code standards.
  • Internal reviews confirm geological and mining assumptions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.