Bekanntmachung • Oct 10
Mineral Resources Limited Announces Board and Committee Changes Mineral Resources Limited announced the appointment of Susan Ferrier and Colin Moorhead as Independent Non-Executive Directors effective 10 October 2025. Ms Ferrier and Mr. Moorhead bring decades of leadership experience in mining, finance and professional services, together contributing significant operational, cultural and governance expertise to the Board. Susan Ferrier: Ms Ferrier is an accomplished board director and C-suite executive with more than 30 years of global experience in human resources leadership, cultural transformation and governance across finance and professional services. Between 2019 and 2023, she was Group Executive for People and Culture at National Australia Bank (ASX: NAB) where she led a transformation of the human resources function and was accountable for enterprise- wide culture and leadership programs. For the eight years prior, Ms Ferrier held senior global roles with KPMG International, including Global Head of People, Global Head of Inclusion and Diversity, and Australian Managing Partner for People and Culture. Her career also includes 15 years in the United Kingdom in global and regional roles for major financial services organizations including HSBC, Deutsche Bank and ING. Ms Ferrier currently serves as co-Chair of Jawun, a non-profit organisation supporting economic and social development in Indigenous communities. She is also a board member of Airservices Australia and Sydney Symphony Orchestra, where she chairs their respective Remuneration Committees, and serves on the People and Culture Committee at the University of Sydney. Ms Ferrier holds a Bachelor of Laws and Bachelor of Arts from the University of Sydney and is a member of Chief Executive Women. Colin Moorhead: Mr. Moorhead is a seasoned non-executive director, mining executive and geologist with an extensive track record over 35 years across the mining sector. His career spans exploration, project development and operational leadership in the gold, copper, mineral sands and rare earths sectors. Most recently he was Executive Chair and Managing Director of Xanadu Mines, a copper and gold explorer with projects in Mongolia. Under his leadership, the company was successfully sold earlier this year. As Chief Executive Officer of PT Merdeka Copper Gold from 2016 to 2018, Mr. Moorhead also led the successful development of the Tujuh Bukit gold mine in Indonesia, later being appointed an executive director and then non-executive technical director. Earlier in his career, he spent 28 years at Newcrest Mining Limited (ASX: NCM) 10 of which as an executive, where he was responsible for global exploration and resource development, mine geology and resources and reserves governance. He currently serves as a non-executive director at Ramelius Resources (ASX: RMS), Aeris Resources (ASX: AIS), and VHM Ltd. (ASX: VHM). He is a former president of Australasian Institute of Mining and Metallurgy (AusIMM), a former director of the Australian Minerals Industry Research Association (AMIRA) and a former ex-officio member of the Joint Ore Reserves Committee (JORC). Mr. Moorhead holds a Bachelor of Science (Hons) in Geology and Geophysics from the University of Melbourne and is an alumnus of the Harvard Business School Advanced Management Program. Committee update: Following the appointments, Ms Ferrier will become Chair of the Remuneration and People Committee, and a member of the Nomination Committee. Mr. Moorhead will become Chair of the Technical Committee and a member of the Sustainability Committee. Zimi Meka to retire from the Board: The Company also announces that Non-Executive Director Zimi Meka has advised that, after careful consideration, he will not be standing for re-election at this year's AGM due to his considerable commitments with Ausenco. As a result, he will retire from the Board and cease to be a Director at the conclusion of the Company's Annual General Meeting to be held on 20 November 2025. Mr. Meka has made a significant contribution to the Board including a valued contribution to all Board Committees, chairing the Nominations Committee for the recent appointment of the new Board Chair, and helping guide the Company through a difficult recent period. Bekanntmachung • Sep 25
Mineral Resources Limited, Annual General Meeting, Nov 20, 2025 Mineral Resources Limited, Annual General Meeting, Nov 20, 2025. Bekanntmachung • Jul 07
Mineral Resources Limited Announces Board Changes Mineral Resources Limited announced the appointment of Lawrie Tremaine and Ross Carroll as Independent Non-Executive Directors of the MinRes Board effective 7 July 2025. These appointments demonstrate the Board's commitment to renewal, strengthened governance and financial oversight. Together, Mr. Tremaine and Mr. Carroll bring a wealth of executive management, financial, strategic and capital markets expertise gained from senior leadership roles with ASX-listed companies across the resources, energy and mining services sectors. Mr. Tremaine is a distinguished finance executive with more than 35 years' experience in financial and commercial leadership across the mining, mineral processing, manufacturing, and energy sectors, both in
Australia and internationally. Most recently, he was Chief Financial Officer (CFO) at Origin Energy for seven years until 2024, where he played a central role in strengthening the balance sheet and guiding capital management. He was previously CFO at Woodside Energy for six years, where he led finance, strategy and commercial functions through major investment decisions. His career also includes 17 years at Alcoa, where he established finance infrastructure across Asia Pacific. Mr. Tremaine currently serves as Chair of MoneyCatcha, a private fintech firm. Mr. Tremaine becomes Chair of the Audit and Risk Committee, Chair of the Sustainability Committee and a member of the Ethics and Governance Committee. Mr. Carroll has over 25 years' leadership, Chief Executive Officer (CEO) and CFO experience across a range of mining, energy and mining services companies, most recently as CEO of Toronto-listed junior miner Commerce Resources. He was CFO at MMG Limited from 2015 to 2024. During his tenure, he strengthened the company's balance sheet, drove operational efficiencies and led major acquisitions, including the USD 1.9 billion Khoemacau copper mine in Botswana. Between 2012 and 2015, he was CEO of Macmahon Holdings, guiding the mining services contractor through a period of asset divestment and cost reduction. He is also a former CFO of Woodside Energy and previously held a variety of leadership positions in finance and business development at BHP for more than 18 years. Mr. Carroll assumes the position of Chair of the Ethics and Governance Committee and becomes a member of the Audit and Risk Committee and Technical Committee. With the appointments of Mr. Tremaine and Mr. Carroll, the Ethics and Governance Committee will now consist of Mr. Carroll (Chair), Independent Non-Executive Board Chair Malcolm Bundey, Mr. Tremaine and Independent Non-Executive Director Justin Langer. Independent Non-Executive Director Xi Xi stepped down as Chair of the Audit and Risk Committee, with that Committee now consisting of Mr. Tremaine (Chair), Ms Xi, Mr. Carroll and Mr. Bundey. Independent Non-Executive Director Colleen Hayward stepped down from the Audit and Risk Committee, a role she has been involved in since May 2023, and continues in roles on the Remuneration and People Committee and the Sustainability Committee. Bekanntmachung • Jun 30
Yilgarn Iron Investments Pty Ltd acquired Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN). Yilgarn Iron Investments Pty Ltd acquired Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN) on June 30, 2025. As part of the acquisition, Yilgarn Iron Investments Pty Ltd has acquired all shares in Yilgarn Iron Pty Ltd, as well as other tenements and land interests across the Yilgarn Hub, associated approvals, licences, entitlements and fixed assets and will be responsible for and indemnifies MinRes against all environmental, closure and rehabilitation liabilities in relation to Yilgarn Hub assets. Following the acquisition, MinRes has retained all gold and lithium rights on tenements within the Yilgarn Hub.
Yilgarn Iron Investments Pty Ltd completed the acquisition of Yilgarn Hub Iron Ore Complex of Mineral Resources Limited from Mineral Resources Limited (ASX:MIN) on June 30, 2025. Bekanntmachung • May 12
An undisclosed buyer acquired an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd. An undisclosed buyer acquired an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd on May 12, 2025.
An undisclosed buyer completed the acquisition of an unknown stake in Mineral Resources Limited (ASX:MIN) from HESTA managed by H.E.S.T. Australia Ltd on May 12, 2025. Bekanntmachung • Apr 25
Mineral Resources Reportedly Explores Sale of Bald Hill Lithium Mine Further speculation has surfaced in the market about asset sales being explored by Mineral Resources Limited (ASX:MIN), with the latest being its $1 billion Bald Hill lithium mine in Western Australia's Goldfields region. DataRoom understands that Mineral Resources adviser JPMorgan may have been quietly courting suitors that could be keen to buy the asset that Chris Ellison's Mineral Resources has outlaid about $1 billion on in terms of investment. However, the mine was placed into care and maintenance late last year following a strategic review on the back of a prolonged period of low lithium prices. DataRoom reported this month that Mineral Resources quietly launched a sale process for its Wodgina lithium operation late last year and has tested the market for an equity raising. This was as bonds for MinRes had started trading at a discount of 10c-15c in the dollar amid volatile market conditions that had weakened bond prices generally as investors search for liquidity. MinRes now says it has no plans to sell Wodgina, suggesting that interest from the groups it approached, such as South Korea's LG Chemical and other Japanese trading houses and car manufactures like Mitsubishi, did not offer an adequate price. Broker consensus estimates for the 50% interest in Wodgina are around $2.2 billion and offers were understood to have come in lower than that. Bekanntmachung • Mar 24
Mineral Resources Limited Announces Onslow Iron Haulage Operations Resume Mineral Resources Limited advised haulage operations resumed on the Onslow Iron dedicated haul road on the evening of 21 March 2025. The resumption followed constructive discussions with WorkSafe WA regarding controls and risk mitigation. The previously announced works program to upgrade the haul road continues on schedule for completion in
Q1 FY26. Transhipper four, MinRes Rosily, also commenced operations at the Port of Ashburton on 22 March 2025, increasing Onslow Iron's transhipping capacity to 28 million tonnes per annum. FY25 Onslow Iron volume guidance is maintained. Bekanntmachung • Mar 21
Mineral Resources Limited Provides Update on Onslow Iron Haulage Operations Mineral Resources Limited advised that haulage on the Onslow Iron haul road has been temporarily paused while the Company engages with WorkSafe WA on their notice issued on 18 March 2025 relating to controls and risk-mitigation of the road train operations. MinRes reported to WorkSafe WA that the rear two trailers of a road train had tipped onto their side on the haul road on 17 March 2025. The prime mover and first trailer remained upright, and the operator was not injured. The cause of the incident is under internal investigation. Haulage is continuing via contractor vehicles using alternative routes, and MinRes transhippers will continue to load ocean-going vessels during this period. MinRes has strengthened controls and traffic management on the haul road and currently expects to resume haul road operations without impacting FY25 Onslow Iron volume guidance. Bekanntmachung • Dec 19
Hancock Prospecting Pty Ltd completed the acquisition of Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN). Hancock Prospecting Pty Ltd agreed to acquire Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN) on October 31, 2024. As per the transaction, Hancock Prospecting Pty Ltd has also entered into two joint venture agreements over MinRes’ remaining onshore Perth Basin and Carnarvon Basin exploration acreage. The total consideration paid by Hancock Prospecting Pty Ltd for the agreements are AUD 1.13 billion.
Hancock Prospecting Pty Ltd completed the acquisition of Exploration Permits (EP) 368 and 426 from Mineral Resources Limited (ASX:MIN) on December 18, 2024. Hancock Prospecting Pty Ltd has received receipt of initial consideration of $780 million. Bekanntmachung • Sep 25
Morgan Stanley Infrastructure Inc. acquired 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion. Morgan Stanley Infrastructure Inc. agreed to acquire 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) for AUD 1.3 billion on June 5, 2024. A cash consideration of AUD 1.1 billion will be paid by Morgan Stanley Infrastructure Inc. Morgan Stanley Infrastructure Inc. will pay an earnout/contingent payment of AUD 200 million cash, subject to to achieving a 35Mtpa run rate for any quarter before 30 June, 2026. The completion is expected in the second half of 2024.
JPMorgan Chase & Co. acted as financial advisor for Mineral Resources Limited. David John & David Ryan of Herbert Smith Freehills LLP acted as legal advisor for Mineral Resources Limited. Emin Altiparmak, Igor Bogdanich, Wendy Rae, David Couper, Matthew Whittle, David Donnelly, David McLeish, Eve Lynch and Penny Nikoloudis of Allens advised Morgan Stanley Infrastructure.
As of September 10, 2024, The transaction has been approved by the Foreign Investment Review Board, all conditions precedent are satisfied and completion of the transaction is due to occur within 15 business days.
Morgan Stanley Infrastructure Inc. completed the acquisition of 49% stake in Onslow Iron Project’s Haul Road from Mineral Resources Limited (ASX:MIN) on September 25, 2024. Bekanntmachung • Mar 20
Mineral Resources Limited (ASX:MIN) entered into binding heads of agreement to acquire Lake Johnston Project from Poseidon Nickel Limited (ASX:POS) for AUD 15 million. Mineral Resources Limited (ASX:MIN) entered into binding heads of agreement to acquire Lake Johnston Project from Poseidon Nickel Limited (ASX:POS) for AUD 15 million on March 18, 2024. Consideration comprises of AUD 1 million non-refundable cash payment, AUD 6.5 million payable on completion of a formal sale and purchase agreement and AUD 7.5 million deferred payment (payable 12 months after completion). The transaction is conditional upon completion of legal due diligence on the sale assets to the reasonable satisfaction of Mineral Resources, the Parties entering into an assignment deed with the relevant parties in respect of the Ngadju Native Title Agreement on terms acceptable to Poseidon Nickel and the consent of the Minister for Mines and Petroleum being obtained under the Mining Act for the transfer of all the rights and obligations in respect of the tenements. The transaction will provide Poseidon with the funding to execute Mineral Resources' strategy which includes an exploration focus targeting high-grade nickel discoveries, continuing with reduced care and maintenance activities at Black Swan (to conserve funds) and pursuing new opportunities. The transaction is expected to close within thirty days of execution of the binding heads of agreement. Bekanntmachung • Nov 17
Mineral Resources Limited Appoints Denise Mccomish as an Independent Non-Executive Director, Chair of Audit and Risk Committee, with Effect from 1 December 2023 Mineral Resources Limited announce the appointment of Denise McComish to the MinRes Board as an Independent Non-Executive Director with effect from 1 December 2023. Ms McComish will also assume the position of Chair of the Company's Audit and Risk Committee. Ms McComish has extensive financial, corporate, ESG and board experience across multiple sectors, principally in mining, energy, financial services and infrastructure. She was a partner at KPMG in Perth for 30 years and held a number of leadership roles, including as a member of the KPMG Australia board and as National Mining Leader. Ms McComish is currently a Non-Executive Director of Gold Road Resources Limited, Macmahon Holdings Limited, Webjet Limited, WA Electricity Generation and Retail Corporation (Synergy) and Beyond Blue Limited. She is a Fellow of Chartered Accountants Australia and New Zealand and a member of the Australian Institute of Company Directors and Chief Executive Women. A current member of the Australian Takeovers Panel and chair of the Advisory Board for the School of Business and Law at Edith Cowan University, she was recognised in the Top 100 Global Inspirational Women in Mining in 2018. Bekanntmachung • Nov 08
Strike Energy Reportedly Out of Race for Oil, Gas Assets The $1 billion West Australian gas producer Strike Energy Limited (ASX:STX) is understood have pulled out of the race to buy Woodside Energy Group Ltd. (ASX:WDS)'s $500 million ($768 million)-plus Pyrenees and Macedon oil and gas projects. The sale process is proving to be slow moving for the suitors that remain in the race, with some questioning whether it will drag out into the new year. It is understood Strike was keen to buy the Macedon project but was not in a position to also take on Pyrenees. The sale process is being run by Morgan Stanley. Woodside inherited the two gas facilities in WA's Carnarvon Basin through its acquisition of BHP's petroleum business last year. First-round bids were received last month, but the offers were not conforming bids, with most suitors only vying for the more popular Macedon asset. DataRoom understands that parties that have been in the data room are The Carlyle Group Inc. (NasdaqGS:CG), Cooper Energy Limited (ASX:COE), the Chris Ellison-backed Mineral Resources Limited (ASX:MIN), billionaire Gina Rinehart's Hancock Prospecting Pty Ltd, Carnarvon Energy Limited (ASX:CVN), Strike Energy Limited (ASX:STX), Jadestone Energy plc (AIM:JSE) and Questus Energy LLC. Beach Energy was not thought to have put forward a bid because it currently has an Interim Chief Executive running the company, Bruce Clement. Sources believe that Beach, which is 30% controlled by the interests of billionaire Kerry Stokes and now chaired by his son Ryan on an interim basis, is the logical candidate to buy the assets. Bekanntmachung • Oct 20
Albemarle Corporation (NYSE:ALB) completed the acquisition of additional 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources Limited (ASX:MIN) Albemarle Corporation (NYSE:ALB) entered into binding agreement to acquire additional 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources Limited (ASX:MIN) on February 23, 2023. As of July 19, 2023, Albemarle Corporation amend the terms of the transaction and agreed to acquire remaining 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources for approximately AUD 590 million ($400 million). Albemarle will supply MinRes’ 15% share of spodumene concentrate for use by Kemerton from the Greenbushes mine. MinRes will pay the benchmark price for its share of Greenbushes spodumene concentrate. In similar transaction Albemarle Corporation entered into binding agreement ownership of the Wodgina mine to change from 60% and 40% to 50% and50%. Albemarle is expected to pay MinRes a completion adjustment currently estimated to be AUD 150 million. As of July 19, 2023, upon closing, Albemarle expects to pay Mineral Resources $380 (AUD 557.5 million) - $400 million (AUD 586.9 million) which includes net consideration for the remaining 15% ownership of Kemerton as well as EED settlement adjustments. Actual settlement adjustments will depend on the date of close. The acquisition is subject to regulatory approvals. The parties anticipate closing the amended arrangements later this year. As of August 2, 2023, the transaction is expected to close in the second half of 2023. Herbert Smith Freehills LLP acted as legal advisor to Kemerton Lithium Hydroxide Plant. Albemarle Corporation (NYSE:ALB) completed the acquisition of additional 40% stake in Kemerton Lithium Hydroxide Plant from Mineral Resources Limited (ASX:MIN) on October 18, 2023. Bekanntmachung • Sep 06
Mineral Resources Limited (ASX:MIN) entered into an agreement to acquire Bald Hill lithium mine from Alita Resources Limited. Mineral Resources Limited (ASX:MIN) entered into an agreement to acquire Bald Hill lithium mine from Alita Resources Limited on September 4, 2023. Alita is currently under administration and McGrathNicol was appointed the administrators of Alita in December 2020. The deed administrators for Alita will be acting on behalf of Alita and have commenced an application in the Supreme Court of Western Australia seeking various orders, including for Alita to be placed into liquidation to allow for the implementation of the proposed acquisition. If the court orders the liquidator to be appointed, MinRes will pay out the secured debt and acquire Alita’s interest in the Bald Hill mine. MinRes expects to fund the potential transaction from existing resources and does not intend to raise equity. Bekanntmachung • Aug 29
Mineral Resources Limited Declares Fully Franked Ordinary Dividend for the Fiscal Year Ended June 30, 2023, Payable on September 27, 2023 The Board of Directors of Mineral Resources Limited declared a fully franked ordinary dividend for fiscal year ended June 30, 2023 of AUD 0.70000000 per share. The dividend is due to be paid on September 27, 2023. Record date: September 11, 2023. Ex-dividend date: September 08, 2023. Bekanntmachung • Jun 14
Mineral Resources Limited Announces Suspension of Site Operations Mineral Resources Limited is saddened to advise that at approximately 4pm on 12 June 2023 an incident occurred at the Onslow Iron project which tragically resulted in the fatality of an employee of a contractor at the Ken's Bore site. The Department of Mines, Industry Regulation and Safety (DMIRS) and WA Police have been notified and are making their way to the site. MinRes is working with the contractor to provide care and support to the family and site team. MinRes' Employee Assistance Program service provider and senior leadership from the company have been mobilised to site. MinRes Managing Director Chris Ellison expressed the company's heartfelt condolences to the deceased's family, friends and colleagues. Site operations have been suspended. MinRes will provide further updates as and when appropriate. Bekanntmachung • May 05
Mineral Resources Rules Out Liontown Resources Bid Mineral Resources Limited (ASX:MIN) boss Chris Ellison has ruled out a potential buyout attempt on lithium miner Liontown Resources Limited (ASX:LTR) or a spin-off of its own lithium operation. The highly regarded billionaire who has built Mineral Resources into a $14 billion resources powerhouse, said he was yet to have a discussion with management of Essential Metals Limited (ASX:ESS) about his intentions for the company after amassing a major stake in the business. Speaking to DataRoom after his presentation at the Macquarie Australia Conference, Mr. Ellison said Essential Metals was highly strategic for its business. "We are yet to have a discussion with management," he said. "We don't want to be aggressive. "We want to work with them." Mineral Resources last month thwarted a buyout attempt of Essential Metals by acquiring 19.55% of the company then voting against a 50c-a-share buyout proposal by IGO and Tianqi. Mr. Ellison said he was uncertain whether MinRes would bid for Essential Metals and may carry out a farm in agreement over its mining opportunities. Mr. Ellison said on the sidelines of the conference when asked about speculation that MinRes was considering a spin-off in the US of its lithium business through JPMorgan, that it was never under any serious consideration by the company.