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2026-11-06
◂ Monitor MIN ASX

Mineral Resources Limited

Producer · Iron Ore · Lithium · Australia Rating locked: sign in to view v8 · min-20261024t171407-full
Last 2026-11-06
A$46.59
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$9.3B
EV
A$13.7B
Cash
A$1.4B
Debt
A$5.8B
6 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

9 assets

Core asset

Onslow Iron

Australia

Producer57% ownedIron Ore

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Producer · Producer
Production annualised (attributable)
10.8m td
Production (last FY, 100%)
18.2m td
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
NM
Reserve life
11.3 yrsd
Head grade
—
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceTotal inclusive of indicated and inferred743.7M t ore (100% basis)56.3% FeIron Ore2025-03-31
Ore ReserveProved and probable358.6M t ore (100% basis)57.5% FeIron Ore2025-03-31

Core asset

Pilbara Hub

Australia

Producer100% ownedIron Ore

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Producer · Producer
Production annualised (attributable)
4.3m td
Production (last FY, 100%)
4.9m td
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
NM
Reserve life
6.0 yrsd
Head grade
—
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceTotal inclusive of indicated and inferred161M t ore (100% basis)57% FeIron Ore2025-06-30
Ore ReserveProved and probable50.7M t ore (100% basis)57.5% FeIron Ore2025-06-30

Core asset

Wodgina Lithium

Australia

Producer50% ownedLithium

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Producer · Producer
Production annualised (attributable)
19.9k td
Production (last FY, 100%)
38.0k td
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
NM
Reserve life
49.8 yrsd
Head grade
—
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceTotal inclusive of indicated and inferred217.4M t ore (100% basis)1.15% Li2OLithium2023-06-30
Ore ReserveProved and probable164.6M t ore (100% basis)1.15% Li2OLithium2023-06-30

Core asset

Mt Marion Lithium

Australia

Producer50% ownedLithium

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Producer · Producer
Production annualised (attributable)
14.2k td
Production (last FY, 100%)
27.2k td
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
NM
Reserve life
18.6 yrsd
Head grade
—
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceTotal inclusive of indicated and inferred66.1M t ore (100% basis)1.36% Li2OLithium2024-01-31
Ore ReserveProved and probable35.7M t ore (100% basis)1.42% Li2OLithium2023-06-30

Material

Bald Hill Lithium

Australia

Ramping Producer100% ownedLithium

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Producer · Ramping producer
Production annualised (attributable)
240 td
Production (last FY, 100%)
60 td
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
NM
Reserve life
—
Head grade
—
Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceTotal inclusive of indicated and inferred58.1M t ore (100% basis)0.94% Li2OLithium2024-06-30

Core asset

Mining Services Production

Australia

Producer100% ownedOthers

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Operating business / services · Operating
Revenue
A$3.1b
EBITDA margin
31.4%d
Utilisation
—
Order book
—
Top customer share
—

Core asset

Onslow Iron Road Trust

Australia

Producer51% ownedIron Ore

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Operating business / services · Operating
Revenue
A$315.0m
EBITDA margin
NM
Utilisation
—
Order book
—
Top customer share
—

Other

Energy Exploration Portfolio

Australia

Early Explorer100% ownedOthers

Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.

Exploration · Early explorer
Ownership
100%
Commodity
NM
Country
AUr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

Other

Lucky Bay Garnet

Australia

Care And Maintenance100% ownedOthers

Care and maintenance; FY26 annual report records insignificant recoverable carrying value.

Care and maintenance · Care and maintenance
Nameplate capacity
—
Restart capex
—
Contained metal (attributable)
—
Last production year
—
Target restart
—

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)

Stock database

Other assets

Plants, holdings and assets valued inside a project
Aquila Resources Pty Ltd · Equity investment · Held
Investee
Aquila Resources Pty Ltd
Holding
15%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Binding Solutions Ltd · Equity investment · Held
Investee
Binding Solutions Ltd
Holding
16.8%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Delta Lithium Ltd · Equity investment · Held
Investee
Delta Lithium Ltd
Holding
22.8%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
LieNA Pty Ltd · Equity investment · Held
Investee
LieNA Pty Ltd
Holding
50%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Nexmin Pty Ltd · Equity investment · Held
Investee
Nexmin Pty Ltd
Holding
20%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Northern Gateway Master Trust · Equity investment · Held
Investee
Northern Gateway Master Trust
Holding
49%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Wildcat Resources Limited · Equity investment · Held
Investee
Wildcat Resources Limited
Holding
14.6%
Shares held
232.74m
Market value
—
% of holder's market cap
—
Cost basis
—