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Mineral Resources Powers Onslow Iron Ramp-Up, Secures $1.5B Liquidity Boost
8:18am on Thursday 30th of January, 2025 AEDT
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Mining
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Mineral Resources Powers Onslow Iron Ramp-Up, Secures $1.5B Liquidity Boost
8:18am on Thursday 30th of January, 2025 AEDT
Key Points
Onslow Iron progressing towards 35 Mtpa run rate with positive cash flow since November
FY25 guidance maintained across all operations despite market challenges
Liquidity stands at $1.5 billion, supported by $700 million cash and undrawn $800 million credit facility
Completed $780 million initial payment from Hancock Prospecting transaction
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