InvestSMART

Mineral Resources Limited (ASX:MIN)

ALERT: Price-sensitive ASX Announcement for MIN
Current share price for MIN : $57.980 -3.9 (-6.30%)+
Announcement
Release
30 Apr 2026 8:19AM
Price at Release
$61.880
Full Release
download
Summary
Mineral Resources Limited (MinRes) reported its Quarterly Activity for Q3 FY26, highlighting upgraded volume guidance across its Onslow Iron, Wodgina, and Mt Marion operations. Onslow Iron produced 7.8Mt and shipped 7.2Mt, with operations recovering quickly from cyclone disruptions. Wodgina and Mt Marion spodumene production increased, with a notable rise in average sales prices. The company's liquidity improved to $1.8B, while net debt reduced to approximately $4.5B. Ongoing geopolitical issues have not disrupted fuel supplies, and the company continues its focus on resource development and strategic project expansions.
Key Points
  • Mineral Resources Limited upgraded FY26 volume guidance across multiple operations.
  • Onslow Iron production and shipments affected by cyclones but operations resumed quickly.
  • Wodgina and Mt Marion saw increased spodumene concentrate production and sales prices.
  • Company liquidity strengthened to $1.8B; significant net debt reduction achieved.
  • Fuel supply remained uninterrupted despite geopolitical tensions.
  • Continued focus on geological exploration and resource development at Onslow Iron and Pilbara Hub.
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.