ASX:MINMetals and Mining
Why Mineral Resources (ASX:MIN) Is Up 8.8% After Approving A$490m Mt Marion Expansion
Mineral Resources and joint venture partner Jiangxi Ganfeng Lithium have approved a final investment decision to spend A$490 million expanding the Mt Marion lithium project in Western Australia, adding a new flotation plant and transitioning into underground mining to support future production from the site.
This move strengthens Mineral Resources’ role in the electric vehicle supply chain by upgrading processing capability and accessing deeper ore, potentially improving recoveries and...