Price, volume & events
CloseVolumeFair-value rangeOverlay
Loading market history…
Drag to zoom · double-click to reset
- Last 2026-11-06
- A$46.59
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- 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
- Retirement of Chief Financial OfficerPost Annual Leadership Change
- Notification regarding unquoted securities - MINPost Cash Checkpoint Security Event
- Quarterly Activity Report - Q1 FY27Latest Four Activities Reports
- Notification of cessation of securities - MINPost Cash Checkpoint Security Event
- Notification of cessation of securities - MINPost Cash Checkpoint Security Event
- Notification regarding unquoted securities - MINPost Cash Checkpoint Security Event
Investment view
Rating locked: sign in to view
Investment view
Our rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 19All sources ▸- Notification regarding unquoted securities - MINCorporate Action
- Application for quotation of securities - MINCorporate Action
- Change in substantial holding from MINTransaction
- Date of AGM and closing date for director nominationsGovernance
- Conclusion of ASIC investigationGovernance
- FY26 Financial Results PresentationPresentation
- FY26 Financial Results AnnouncementResults
- Appendix 4E and 2026 Annual ReportResults
- Quarterly Activity Report - Q4 FY26Operations
- MinRes and POSCO Holdings execute key formal agreementsTransaction
- Quarterly Activity Report - Q3 FY26Operations
- FY26 Half Year Results PresentationPresentation
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 2026-10-13 to 2026-12-31 | Bald Hill nameplate ramp-up | Production | Company Guided | High | Test the disclosed operating, construction or governance milestone against the timing window and the associated capital and cash return. |
| 2026-10-13 to 2026-12-31 | POSCO transaction completion | Transaction | Company Guided | High | Conditional cash proceeds exchange a 30% share of existing lithium economic interests; test net proceeds and retained funding burden. |
| 2026-10-13 to 2026-12-31 | Wodgina Stage3 clean ore | Production | Company Guided | High | Test the disclosed operating, construction or governance milestone against the timing window and the associated capital and cash return. |
| 2026-11-18 | 2026 Annual General Meeting | Governance | Confirmed | High | Test the disclosed operating, construction or governance milestone against the timing window and the associated capital and cash return. |
| 2027-01-01 to 2027-03-31 | Wodgina expansion PFS | Study | Company Guided | High | 30% capacity expansion PFS is an option; no unapproved expansion capex or automatic production increment enters the central forecast. |
| 2027-04-01 to 2027-06-30 | Mt Marion first stope ore | Construction Or Commissioning | Company Guided | High | Test the disclosed operating, construction or governance milestone against the timing window and the associated capital and cash return. |
Executive roster
As of 2026-10-13Background checks ▸FY26 annual report physical page 16; disclosed executive leadership and company secretary reconciled against later local releases through 13 October 2026.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Chris Ellison MNZM | Managing Director | Executive Director | — | Appendix 4E and 2026 Annual Report |
| Darren Killeen | Chief Operating Officer | Operations | 2026-05-07 | Appendix 4E and 2026 Annual Report |
| Mark Wilson | Chief Financial Officer | Finance | — | Appendix 4E and 2026 Annual Report |
| Mike Grey | Chief Executive Mining Services | Operations | — | Appendix 4E and 2026 Annual Report |
| Joshua Thurlow | Chief Executive Lithium | Operations | — | Appendix 4E and 2026 Annual Report |
| Darren Hardy | Chief Executive Iron Ore and Energy | Operations | — | Appendix 4E and 2026 Annual Report |
| Paul Everingham | Director Strategy and Growth | Senior Management | — | Appendix 4E and 2026 Annual Report |
| Andrea Chapman | Director People | Senior Management | — | Appendix 4E and 2026 Annual Report |
| Kate Barker | Director Governance and Compliance | Senior Management | — | Appendix 4E and 2026 Annual Report |
| Ivor Jezdik | Director Technical Services | Technical | — | Appendix 4E and 2026 Annual Report |
| Nick Rohr | Director Legal and Commercial | Commercial | — | Appendix 4E and 2026 Annual Report |
| Yenna Ong | Head of Marketing and Shipping | Commercial | — | Appendix 4E and 2026 Annual Report |
| Sarah Standish | Company Secretary | Company Secretary | 2025-10-06 | Appendix 4E and 2026 Annual Report |
devCoverage status: Complete As Disclosed
Portfolio detail
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.
- 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total inclusive of indicated and inferred | 743.7M t ore (100% basis) | 56.3% Fe | Iron Ore | 2025-03-31 |
| Ore Reserve | Proved and probable | 358.6M t ore (100% basis) | 57.5% Fe | Iron Ore | 2025-03-31 |
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.
- 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total inclusive of indicated and inferred | 161M t ore (100% basis) | 57% Fe | Iron Ore | 2025-06-30 |
| Ore Reserve | Proved and probable | 50.7M t ore (100% basis) | 57.5% Fe | Iron Ore | 2025-06-30 |
Core asset
Wodgina Lithium
Australia
Producer50% ownedLithium
Operating or exploration status at 13 October 2026; current economic ownership shown before any conditional POSCO completion.
- 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total inclusive of indicated and inferred | 217.4M t ore (100% basis) | 1.15% Li2O | Lithium | 2023-06-30 |
| Ore Reserve | Proved and probable | 164.6M t ore (100% basis) | 1.15% Li2O | Lithium | 2023-06-30 |
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.
- 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total inclusive of indicated and inferred | 66.1M t ore (100% basis) | 1.36% Li2O | Lithium | 2024-01-31 |
| Ore Reserve | Proved and probable | 35.7M t ore (100% basis) | 1.42% Li2O | Lithium | 2023-06-30 |
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.
- 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total inclusive of indicated and inferred | 58.1M t ore (100% basis) | 0.94% Li2O | Lithium | 2024-06-30 |
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.
- 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.
- 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.
- 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.
- 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
- Investee
- Aquila Resources Pty Ltd
- Holding
- 15%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Investee
- Binding Solutions Ltd
- Holding
- 16.8%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Investee
- Delta Lithium Ltd
- Holding
- 22.8%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Investee
- LieNA Pty Ltd
- Holding
- 50%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Investee
- Nexmin Pty Ltd
- Holding
- 20%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Investee
- Northern Gateway Master Trust
- Holding
- 49%
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Investee
- Wildcat Resources Limited
- Holding
- 14.6%
- Shares held
- 232.74m
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
30 June reported unrestricted cash A$1.404bn, restricted joint-operation and Road Trust cash A$158m, gross borrowings including leases and financing A$5.829bn, undrawn RCF A$800m. Valuation-date cash and debt are separately estimated in the valuation bridge.
Inventory composition2
A$727m reported inventories include A$486m ore stockpiles and A$241m stores, spares and work in progress. Existing operating inventory is not credited again in equity value.
- Current and non-current ore stockpiles
- A$486M carrying
- Raw materials, stores, spares and work in progress
- A$241M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 198.6M
- Fully diluted
- 200.8M
198,614,518 quoted ordinary shares less 1,846,989 treasury shares plus 3,230,636 incentive rights and 780,000 options = 200,778,165 potential fully diluted economic shares. Existing treasury shares settle rights rather than create a second economic claim. Scenario non-option denominator is199,998,165; add780,000 option shares and A$19.812m exercise cash together only if pre-option per-share equity exceeds A$25.40. All rights are assumed vested, irrespective of conditions.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid | Ordinary Share | 198.6M | — | — |
| Unquoted equity incentive rights | Performance Right | 3.2M | A$0 | — |
| Chair option tranches; final expiry | Option | 780K | A$25.4 | 2031-06-30 |
KPI history
Operating metrics · Mt Marion Lithium
| Metric | Unit | Trend | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Issuer shipments | t SC6 | 55,000 | 67,000 | 53,000 | 67,000 |
KPI history
Operating metrics · Onslow Iron
| Metric | Unit | Trend | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Onslow attributable shipped wet tonnes | t wmt | 4,909,000 | 4,847,000 | 4,185,000 | 5,709,000 |
KPI history
Operating metrics · Pilbara Hub
| Metric | Unit | Trend | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Issuer shipments | t wmt | 2,737,000 | 2,388,000 | 2,068,000 | 2,701,000 |
KPI history
Operating metrics · Wodgina Lithium
| Metric | Unit | Trend | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Issuer shipments | t SC6 | 88,000 | 76,000 | 62,000 | 91,000 |
Operating metric source table25
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Issuer sales; MtMarion51%offtake | Onslow | FY26 | Year | 19,650,000 t wmt | Reported |
| FOB product cost | Onslow | FY26 | Year | 52 AUD/t_wmt | Reported |
| Issuer sales; MtMarion51%offtake | Pilbara | FY26 | Year | 9,894,000 t wmt | Reported |
| FOB product cost | Pilbara | FY26 | Year | 79 AUD/t_wmt | Reported |
| Issuer sales; MtMarion51%offtake | Wodgina | FY26 | Year | 317,000 t SC6 | Reported |
| FOB product cost | Wodgina | FY26 | Year | 738 AUD/t_SC6 | Reported |
| Issuer sales; MtMarion51%offtake | Mt Marion | FY26 | Year | 242,000 t SC6 | Reported |
| FOB product cost | Mt Marion | FY26 | Year | 847 AUD/t_SC6 | Reported |
| Issuer sales; MtMarion51%offtake | Bald Hill | FY26 | Year | 0 t SC6 | Reported |
| Onslow attributable shipped wet tonnes | Onslow | Q1 FY26 | Quarter | 4,909,000 t wmt | Reported |
| Issuer shipments | Pilbara | Q1 FY26 | Quarter | 2,737,000 t wmt | Reported |
| Issuer shipments | Wodgina | Q1 FY26 | Quarter | 88,000 t SC6 | Reported |
| Issuer shipments | Mt Marion | Q1 FY26 | Quarter | 55,000 t SC6 | Reported |
| Onslow attributable shipped wet tonnes | Onslow | Q2 FY26 | Quarter | 4,847,000 t wmt | Reported |
| Issuer shipments | Pilbara | Q2 FY26 | Quarter | 2,388,000 t wmt | Reported |
| Issuer shipments | Wodgina | Q2 FY26 | Quarter | 76,000 t SC6 | Reported |
| Issuer shipments | Mt Marion | Q2 FY26 | Quarter | 67,000 t SC6 | Reported |
| Onslow attributable shipped wet tonnes | Onslow | Q3 FY26 | Quarter | 4,185,000 t wmt | Reported |
| Issuer shipments | Pilbara | Q3 FY26 | Quarter | 2,068,000 t wmt | Reported |
| Issuer shipments | Wodgina | Q3 FY26 | Quarter | 62,000 t SC6 | Reported |
| Issuer shipments | Mt Marion | Q3 FY26 | Quarter | 53,000 t SC6 | Reported |
| Onslow attributable shipped wet tonnes | Onslow | Q4 FY26 | Quarter | 5,709,000 t wmt | Reported |
| Issuer shipments | Pilbara | Q4 FY26 | Quarter | 2,701,000 t wmt | Reported |
| Issuer shipments | Wodgina | Q4 FY26 | Quarter | 91,000 t SC6 | Reported |
| Issuer shipments | Mt Marion | Q4 FY26 | Quarter | 67,000 t SC6 | Reported |
Company guidance5
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Attributable Shipped Wet Tonnes | onslow | FY27 | 20,000,000 | 21,700,000 t wmt | Current |
| Attributable Shipped Wet Tonnes | pilbara | FY27 | 10,000,000 | 11,000,000 t wmt | Current |
| Sc6 Shipped Tonnes (Mtmarion51%Offtake) | wodgina | FY27 | 360,000 | 390,000 t SC6 | Current |
| Sc6 Shipped Tonnes (Mtmarion51%Offtake) | mt-marion | FY27 | 200,000 | 240,000 t SC6 | Current |
| Sc6 Shipped Tonnes (Mtmarion51%Offtake) | bald-hill | FY27 | 100,000 | 120,000 t SC6 | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-30Ann. 2026-08-27 | Dividend | A$163M | — | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Material disclosed mine JVs, road toll, carry receivable, royalties, Mt Marion offtake and conditional POSCO exchange. Private offtake and royalty details remain partial.
57% direct RHIOJV interest; additional 3.3% indirect interest through 15% of Aquila. They are separate economic holdings.
Joint Venture · Active- Counterparties
- RHIOJV participants; Aquila Resources
- Applies to
- Onslow Iron · Iron Ore
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Direct equity: 57 %
Aquila indirect: 3.3 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Road Trust receives A$8.54/wmt in CY26, indexed annually for CPI. MinRes owns 51%; MSIP owns 49%. Mine FOB costs include the toll.
Tolling Or Processing · Active- Counterparties
- Morgan Stanley Infrastructure Partners · RHIOJV
- Applies to
- Onslow Iron · Onslow Iron Road Trust · Iron Ore
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- MIN RoadTrust ownership: 51 %
CY26 toll: 8.54 AUD/wmt
How it affects our valuation
No valuation treatment is available for this arrangement.
A$335m receivable at 30 June; BBSW plus 2.9%; repayable from 80% of other RHIOJV participants free cash flow. Carry recoveries are not recurring operating earnings.
Free Carry · Active- Counterparties
- Other RHIOJV operators
- Applies to
- Onslow Iron · Iron Ore
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- Outstanding: 335,000,000 AUD
Repayment fraction: 80 %
Interest margin: 2.9 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Current joint operation participating interest, with the corresponding share of project costs, liabilities and benefits.
Joint Venture · Active- Counterparties
- Albemarle
- Applies to
- Wodgina Lithium · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Equity interest: 50 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Current joint operation participating interest, with the corresponding share of project costs, liabilities and benefits.
Joint Venture · Active- Counterparties
- Ganfeng Lithium
- Applies to
- Mt Marion Lithium · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Equity interest: 50 %
How it affects our valuation
No valuation treatment is available for this arrangement.
51% offtake entitlement differs from 50% equity ownership. FY27 guidance contains a 10% low-grade realization discount.
Offtake · Active- Counterparties
- Ganfeng Lithium
- Applies to
- Mt Marion Lithium · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Offtake share: 51 %
Lowgrade discount: 10 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Conditional sale of 30% of the existing 50% Wodgina and Mt Marion holdings for US$765m; retained economic interest becomes 35% although accounting control is expected to continue. Expected completion 1H FY27.
Strategic Partnership · Conditional- Counterparties
- POSCO Holdings
- Applies to
- Wodgina Lithium · Mt Marion Lithium · Lithium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Holding sold: 30 %
Cash consideration: 765,000,000 USD
Completion: 1H FY27 window
How it affects our valuation
No valuation treatment is available for this arrangement.
Issuer illustrative combined statutory and third-party royalty percentage, applied to project revenue; individual private terms are not fully disclosed.
Royalty · Active- Counterparties
- WA statutory and third-party royalty beneficiaries (individual terms not fully disclosed)
- Applies to
- Onslow Iron · Iron Ore
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Combined royalty assumption: 9.5 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Issuer illustrative combined statutory and third-party royalty percentage, applied to project revenue; individual private terms are not fully disclosed.
Royalty · Active- Counterparties
- WA statutory and third-party royalty beneficiaries (individual terms not fully disclosed)
- Applies to
- Pilbara Hub · Iron Ore
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Combined royalty assumption: 9.5 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Issuer illustrative combined statutory and third-party royalty percentage, applied to project revenue; individual private terms are not fully disclosed.
Royalty · Active- Counterparties
- WA statutory and third-party royalty beneficiaries (individual terms not fully disclosed)
- Applies to
- Wodgina Lithium · Lithium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Combined royalty assumption: 5 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Issuer illustrative combined statutory and third-party royalty percentage, applied to project revenue; individual private terms are not fully disclosed.
Royalty · Active- Counterparties
- WA statutory and third-party royalty beneficiaries (individual terms not fully disclosed)
- Applies to
- Mt Marion Lithium · Lithium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Combined royalty assumption: 8 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Issuer illustrative combined statutory and third-party royalty percentage, applied to project revenue; individual private terms are not fully disclosed.
Royalty · Active- Counterparties
- WA statutory and third-party royalty beneficiaries (individual terms not fully disclosed)
- Applies to
- Bald Hill Lithium · Lithium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Combined royalty assumption: 6 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
MinRes combines long operating, projects, mining services and finance experience. FY2026 delivered stronger consolidated results and Onslow nameplate capacity, alongside significant board findings about the managing director’s conduct, an ongoing separate shareholder action, a previous contractor fatality, road-train safety intervention, and an announced lithium leadership handover. The ASIC investigation concluded without enforcement action; this is separate from the board findings and class action.
Decision-relevant facts
Material summary
Chris Ellison MNZM
Managing Director
GovernanceDocumented · High materiality
Board findings and subsequent regulator decision
In November 2024 the MinRes board said Ellison held an interest in FEEHL, which had sold equipment to a predecessor company; a liability was not disclosed as related-party in the 2006 prospectus. It reported his voluntary personal-tax disclosure and May 2023 payment of A$3.94m in unpaid tax, interest and administrative penalties. The board also found he used company resources for private benefit and did not sufficiently separate personal and company interests or appreciate timely conflict disclosure. It announced A$8.8m in board-imposed financial penalties and up to A$9.6m in remuneration consequences. In February 2025 Ellison assured the board he never intended personal gain at shareholders’ expense. In September 2026 MinRes reported ASIC had closed its investigation without enforcement action; that decision is separate from the board’s findings.
Individual involvement documented · The company board made findings about Ellison’s own conduct; the later ASIC disposition is distinct.
MinRes governance investigation update · pp.1–4, findings and board action
Governance update · p.1, Ellison’s response and governance changes
Conclusion of ASIC investigation · 1 September issuer announcement
LegalAlleged · High materiality
Shareholder class action
MinRes disclosed service on it and Ellison of a shareholder class action filed in March 2025. The FY2026 report describes allegations of misleading conduct and disclosure breaches, says proceedings are at an early stage and the company is defending them. No final outcome was established in the sources reviewed.
Individual involvement documented · Ellison is identified by the issuer as a respondent; allegations and defence are not a finding of liability.
Acknowledgement of class action · p.1, defendants and company defence
FY2026 annual report · note 29, legal contingencies, physical PDF p.147
Company SuccessIssuer Reported · Medium materiality
Company growth and FY2026 results
MinRes reported FY2026 revenue of A$6.461bn and profit attributable to owners of A$1.061bn; it reported the Onslow Iron project reached 35Mtpa nameplate. The result is consolidated and reflects commodity and other factors.
Role overlaps event; causation unproven · Ellison was managing director during the period; individual contribution to the result is not isolated.
FY2026 annual report · Appendix 4E p.2 and operational review
FY2026 full-year results · FY2026 financial and operating highlights
SafetyDocumented · High materiality
2023 Onslow contractor fatality
MinRes reported a contractor employee died at Ken’s Bore on 12 June 2023 and suspended site operations; it notified WA authorities. Final investigation findings were not established.
Role overlaps event; causation unproven · Ellison was managing director and expressed condolences; individual responsibility is not established.
Fatality at Onslow Iron project · p.1, site fatality and authority notification
Evidence gaps · 4
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
- Final disposition of the shareholder class action was not found; the actual managing-director succession date and successor remain unconfirmed.
- Final investigation outcomes for the 2023 contractor fatality remain unconfirmed.
Darren Killeen
Chief Operating Officer
Personal SuccessIssuer Reported · Medium materiality
Onslow project delivery
The issuer credits Killeen with leading Onslow Iron design, construction and commissioning. MinRes reported the project reached 35Mtpa nameplate in FY2026.
Individual involvement documented · Project leadership is an issuer-reported role; the source does not independently isolate his contribution to the entire result.
MinRes biography: darren killeen · leadership biography, Onslow role
FY2026 annual report · operational highlights: 35Mtpa Onslow nameplate
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Mark Wilson
Chief Financial Officer
FailureDocumented · Medium materiality
Resource Development Group administration
RDG’s FY2024 annual report named this executive as its chairman and non-executive director. MinRes reported RDG entered voluntary administration in July 2025 after drawing A$145m under a MinRes loan at June 2025. In September creditors approved MinRes’s asset purchase proposal; MinRes said its board made the acquisition decisions with Ellison and its RDG nominees excluded. Contemporaneous July 2025 reporting also identified both roles at administration, based on the RDG website; precise cessation dates remain unconfirmed.
Role overlaps event; causation unproven · Contemporaneous reporting identifies the directors’ roles, but their personal decision-making and responsibility for the company’s failure are not established.
Resource Development Group FY2024 annual report · directors’ report, Wilson and Grey roles
Administration of Resource Development Group · 29 July 2025 report identifies board roles at administration
MinRes 2025 annual report · events after period, RDG administration
Sale agreement executed for RDG assets · creditor approval and excluded directors
Evidence gaps · 3
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
- Exact RDG director cessation dates and individual decision-making remain unconfirmed.
Mike Grey
Chief Executive Mining Services
FailureDocumented · Medium materiality
Resource Development Group administration
RDG’s FY2024 annual report named this executive as its non-executive director. MinRes reported RDG entered voluntary administration in July 2025 after drawing A$145m under a MinRes loan at June 2025. In September creditors approved MinRes’s asset purchase proposal; MinRes said its board made the acquisition decisions with Ellison and its RDG nominees excluded. Contemporaneous July 2025 reporting also identified both roles at administration, based on the RDG website; precise cessation dates remain unconfirmed.
Role overlaps event; causation unproven · Contemporaneous reporting identifies the directors’ roles, but their personal decision-making and responsibility for the company’s failure are not established.
Resource Development Group FY2024 annual report · directors’ report, Wilson and Grey roles
Administration of Resource Development Group · 29 July 2025 report identifies board roles at administration
MinRes 2025 annual report · events after period, RDG administration
Sale agreement executed for RDG assets · creditor approval and excluded directors
Evidence gaps · 3
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
- Exact RDG director cessation dates and individual decision-making remain unconfirmed.
Joshua Thurlow
Chief Executive Lithium; announced resignation, handover through December 2026
GovernanceIssuer Reported · Medium materiality
Announced lithium leadership transition
On 1 October 2026 MinRes announced Thurlow had resigned but would remain until December to support a transition. On 14 October it said Hardy would take lithium oversight and the two would manage a handover. Exact handover and departure dates were not stated.
Individual involvement documented · Directly identifies his announced transition; no adverse conduct is implied.
MinRes leadership update · 1 October announcement, December transition
Leadership of Lithium division · 14 October issuer update
Evidence gaps · 3
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
- The precise December 2026 departure date and timing of transfer of operational responsibility are not stated.
Darren Hardy
Chief Executive Iron Ore and Energy; lithium leadership announced, handover in progress
SafetyDocumented · Medium materiality
Onslow haul-road safety notice and upgrade
In March 2025 MinRes temporarily paused haulage following a WorkSafe WA notice concerning road-train controls. The company reported completing upgrades and resuming unconstrained haulage in September 2025. Final investigation findings and Hardy’s personal decisions are not established.
Employer context; no individual link established · The issuer describes earlier Onslow project-director experience; its FY2025 annual report identifies his role as chief executive energy, supply and AMG, so operational responsibility for the March 2025 road issue is unestablished.
Onslow Iron haulage operations · p.1, pause and notice
Onslow Iron private haul road upgrade completed · p.1, upgraded road and resumed operations
MinRes 2025 annual report · senior leadership, physical printed p.23: CEO energy, supply and AMG
MinRes biography: darren hardy · Onslow project-director role without exact dates
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Paul Everingham
Director Strategy and Growth
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Andrea Chapman
Director People
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Kate Barker
Director Governance and Compliance
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Ivor Jezdik
Director Technical Services
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Nick Rohr
Director Legal and Commercial
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Yenna Ong
Head of Marketing and Shipping
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Sarah Standish
Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- This is partial public-source screening, not a comprehensive court, criminal, sanctions or professional-credential check.
- Independent verification of qualifications, detailed prior-employer dates, individual contributions and relevant local regulator/court records is incomplete.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-08-06 · 198,537,253 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 22.70% | 45,058,737 | |
| 2 | 21.01% | 41,703,096 | |
| 3 | 16.75% | 33,247,359 | |
| 4 | 9.88% | 19,618,177 | |
| 5 | 2.66% | 5,288,578 | |
| 6 | 1.78% | 3,526,764 | |
| 7 | 0.68% | 1,354,536 | |
| 8 | 0.66% | 1,320,000 | |
| 9 | 0.49% | 977,646 | |
| 10 | 0.45% | 902,504 | |
| 11 | 0.39% | 773,918 | |
| 12 | 0.38% | 761,140 | |
| 13 | 0.38% | 756,500 | |
| 14 | 0.34% | 670,000 | |
| 15 | 0.33% | 655,031 | |
| 16 | 0.32% | 640,700 | |
| 17 | 0.27% | 533,546 | |
| 18 | 0.25% | 497,944 | |
| 19 | 0.24% | 472,721 | |
| 20 | 0.21% | 423,080 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 10.49%Calc. on issued shares | 2026-09-30 | |
| 9.34%Voting power | 2026-01-30 | |
| 6.32%Voting power | 2025-12-08 | |
| 5.53%Voting power | 2026-10-21 | |
| 5.01%Voting power | 2025-03-07 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- The 20 accounts total 159,181,977 shares and 80.18% at 6 August 2026; nominee accounts do not identify underlying beneficial owners.
- The issuer register states Sandini had 19,618,177 ordinary shares on 6 August, while the 8 October director notice reports 20,280,967 via Sandini. No reason for this 662,790-share discrepancy was located.
- The issuer summary labels some substantial events by publication date; the notices use 30 January 2026 for AustralianSuper and 8 December 2025 for State Street.
- L1 ceased being substantial on 17 August but regained substantial status on 21 October; the later notice replaces the prior cessation.
- Director and group interests can overlap register accounts; historical positions and percentages can change. Securities lending can make voting interests differ from beneficial ownership.
- Documents headed from MIN on 21 October, 30 September and 17 February 2026 concern holdings in Ballard, Wildcat and Kali, respectively, rather than ownership of MIN.
Sources
- Appendix 4E and 2026 annual report
Mineral Resources / ASX · Published 2026-08-27 · Accessed 2026-10-31
20 ordinary-share accounts and denominator as at 6 August 2026.
PDF page 170, shareholder information; local downloads/MIN/2026/2026-08-27_Appendix 4E and 2026 Annual Report_1b9527ade642f4ea.pdf
- Appendix 3Y: Chris Ellison
Mineral Resources / ASX · Published 2026-10-08 · Accessed 2026-10-31
Ordinary shares held indirectly after 30 September rights grant; rights are excluded.
Pages 2–3; local downloads/MIN/2026/2026-10-08_Appendix 3Y Notification_594eb1ea16d1f3ec.pdf
- Form 604: AustralianSuper
Mineral Resources / ASX · Published 2026-02-03 · Accessed 2026-10-31
18,455,767 votes and 9.34% on 30 January 2026.
Page 1; local downloads/MIN/2026/2026-02-03_Change in substantial holding_e670a10ce71ac81e.pdf
- Form 603: L1 Capital
Mineral Resources / ASX · Published 2026-10-23 · Accessed 2026-10-31
10,989,713 votes and 5.53% on 21 October 2026.
Page 1; local downloads/MIN/2026/2026-10-23_Becoming a substantial holder_25b2882d5e4e9f55.pdf
- Form 604: State Street
Mineral Resources / ASX · Published 2025-12-10 · Accessed 2026-10-31
12,487,353 votes and 6.32% on 8 December 2025.
Page 1; local downloads/MIN/2025/2025-12-10_Change in substantial holding_d30f034480f552c9.pdf
- Form 603: Vanguard Group
Mineral Resources / ASX · Published 2025-03-13 · Accessed 2026-10-31
9,837,370 votes and 5.006% on 7 March 2025.
Page 1; local downloads/MIN/2025/2025-03-13_Becoming a substantial holder_73ddb833ac59f8cf.pdf
- Form 605: L1 Capital
Mineral Resources / ASX · Published 2026-08-19 · Accessed 2026-10-31
L1 ceased to be substantial on 17 August; superseded by October Form 603.
Page 1; local downloads/MIN/2026/2026-08-19_Ceasing to be a substantial holder_f89572c233cfea5c.pdf
- Application for quotation of securities - MIN
Mineral Resources Limited / ASX · Published 2026-09-30 · Accessed 2026-11-06
Ordinary shares on issue: 198,614,518 at 2026-09-30; used as the denominator for calculated substantial-holder percentages.
Appendix 2A, total ordinary shares on issue at 30 September 2026
Disclosed activity
Insider transactions
Trading activity26 buys · 4 sells shownNet cash last 12 months A$99.9kShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2023-12-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-12-31Non-cash director-fee share allotment. The reported indirect position is aggregate across two trustee-company accounts; the filing does not allocate the 364 acquired shares between them. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ Change of Director's Interest Notice - Kelvin Flynn ↗ | GrantOrdinary Shares | 364 | —Non Cash | — | 17,338 |
| 2023-12-31 | Justin LangerJustin Langer
Details & evidence for Justin Langer on 2023-12-31Non-cash director-fee share allotment for the quarter ended 31 December 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Change of Director's Interest Notice - Justin Langer ↗ Change of Director's Interest Notice - Justin Langer ↗ | GrantOrdinary Shares | 342 | —Non Cash | — | 1,289 |
| 2023-12-31 | James McClementsJames McClements
Details & evidence for James McClements on 2023-12-31Non-cash director-fee share allotment for the quarter ended 31 December 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - James McClements ↗ Change of Director's Interest Notice - James McClements ↗ | GrantOrdinary Shares | 692 | —Non Cash | — | 25,086 |
| 2023-12-31 | Denise McComishDenise McComish
Details & evidence for Denise McComish on 2023-12-31Non-cash director-fee share allotment; the disclosed prior holding is Nil and the closing balance is 115 shares. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed to 2025-04-23 Change of Director's Interest Notice - Denise McComish ↗ Change of Director's Interest Notice - Denise McComish ↗ | GrantOrdinary Shares | 115 | —Non Cash | — | 115 |
| 2023-12-31 | Colleen HaywardColleen Hayward
Details & evidence for Colleen Hayward on 2023-12-31Non-cash director-fee share allotment for the quarter ended 31 December 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Colleen Hayward ↗ Change of Director's Interest Notice - Colleen Hayward ↗ | GrantOrdinary Shares | 342 | —Non Cash | — | 1,289 |
| 2023-09-30 | Zimi MekaZimi Meka
Details & evidence for Zimi Meka on 2023-09-30Non-cash director-fee allotment for the quarter ended 30 September 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Zimi Meka ↗ Change of Director's Interest Notice - Zimi Meka ↗ | GrantOrdinary Shares | 385 | —Non Cash | — | 1,865 |
| 2023-09-30 | Xi XiXi Xi
Details & evidence for Xi Xi on 2023-09-30Non-cash director-fee allotment for the quarter ended 30 September 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Xi Xi ↗ Change of Director's Interest Notice - Xi Xi ↗ | GrantOrdinary Shares | 352 | —Non Cash | — | 20,544 |
| 2023-09-30 | Susan CorlettSusan Corlett
Details & evidence for Susan Corlett on 2023-09-30Non-cash director-fee allotment for the quarter ended 30 September 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed to 2025-04-15 Change of Director's Interest Notice - Susie Corlett ↗ Change of Director's Interest Notice - Susie Corlett ↗ | GrantOrdinary Shares | 385 | —Non Cash | — | 4,922 |
| 2023-09-30 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-09-30Non-cash director-fee allotment. The reported indirect position is aggregate across two trustee-company accounts; the filing does not allocate the 385 acquired shares between them. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ Change of Director's Interest Notice - Kelvin Flynn ↗ | GrantOrdinary Shares | 385 | —Non Cash | — | 16,974 |
| 2023-09-30 | Justin LangerJustin Langer
Details & evidence for Justin Langer on 2023-09-30Non-cash director-fee allotment for the quarter ended 30 September 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Change of Director's Interest Notice - Justin Langer ↗ Change of Director's Interest Notice - Justin Langer ↗ | GrantOrdinary Shares | 352 | —Non Cash | — | 947 |
| 2023-09-30 | James McClementsJames McClements
Details & evidence for James McClements on 2023-09-30Non-cash director-fee allotment for the quarter ended 30 September 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - James McClements ↗ Change of Director's Interest Notice - James McClements ↗ | GrantOrdinary Shares | 742 | —Non Cash | — | 24,394 |
| 2023-09-30 | Colleen HaywardColleen Hayward
Details & evidence for Colleen Hayward on 2023-09-30Non-cash director-fee allotment for the quarter ended 30 September 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Colleen Hayward ↗ Change of Director's Interest Notice - Colleen Hayward ↗ | GrantOrdinary Shares | 352 | —Non Cash | — | 947 |
| 2023-09-27 | Chris EllisonEllison Superannuation Fund
Details & evidence for Chris Ellison on 2023-09-27Dividend reinvestment acquisition of fully paid ordinary shares into the Ellison Superannuation Fund; the notice identifies Chris Ellison as a beneficiary and reports indirect shares in Sandini Pty Ltd, Wabelo Pty Ltd and the Fund. As disclosed: 4,912 Shares issued as part of the Company's Dividend Reinvestment Plan at $70.04 per Share
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. Change of Director's Interest Notice - Chris Ellison ↗ Change of Director's Interest Notice - Chris Ellison ↗ Change of Director's Interest Notice - Chris Ellison ↗ Change of Director's Interest Notice - Chris Ellison ↗ | SubscriptionFully Paid Ordinary Shares | 4,912 | — | AUD 70.04Disclosed price | 496,433 |
| 2023-08-29 | Chris EllisonSandini Pty Ltd ATF Karratha Rigging Unit A/C
Details & evidence for Chris Ellison on 2023-08-29Nil-consideration vesting/conversion resulted in 173,872 fully paid ordinary shares added to the indirect Sandini position. The share movement reconciles exactly; the direct rights schedule has additional unexplained differences documented in the reconciliation note. As disclosed: 173,872 Shares acquired; rights vested on 29 August 2023 and converted to Share rights.
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ | VestingFully Paid Ordinary Shares | 173,872 | —Non Cash | — | 21,919,233 |
| 2023-06-30 | Zimi MekaZimi Meka
Details & evidence for Zimi Meka on 2023-06-30Non-cash director-fee allotment for the quarter ended 30 June 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Zimi Meka ↗ Change of Director's Interest Notice - Zimi Meka ↗ | GrantOrdinary Shares | 369 | —Non Cash | — | 1,480 |
| 2023-06-30 | Xi XiXi Xi
Details & evidence for Xi Xi on 2023-06-30Non-cash director-fee allotment for the quarter ended 30 June 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Xi Xi ↗ Change of Director's Interest Notice - Xi Xi ↗ | GrantOrdinary Shares | 336 | —Non Cash | — | 20,192 |
| 2023-06-30 | Susan CorlettSusan Corlett
Details & evidence for Susan Corlett on 2023-06-30Non-cash director-fee allotment for the quarter ended 30 June 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed to 2025-04-15 Change of Director's Interest Notice - Susie Corlett ↗ Change of Director's Interest Notice - Susie Corlett ↗ | GrantOrdinary Shares | 363 | —Non Cash | — | 4,537 |
| 2023-06-30 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-06-30Non-cash director-fee allotment. The reported indirect position is aggregate across two trustee-company accounts; the filing does not allocate the 363 acquired shares between them. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ Change of Director's Interest Notice - Kelvin Flynn ↗ | GrantOrdinary Shares | 363 | —Non Cash | — | 16,589 |
| 2023-06-30 | Justin LangerJustin Langer
Details & evidence for Justin Langer on 2023-06-30Non-cash director-fee allotment for the period 1 April 2023 to 30 June 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Change of Director's Interest Notice - Justin Langer ↗ Change of Director's Interest Notice - Justin Langer ↗ | GrantOrdinary Shares | 336 | —Non Cash | — | 595 |
| 2023-06-30 | James McClementsJames McClements
Details & evidence for James McClements on 2023-06-30Non-cash director-fee allotment for the quarter ended 30 June 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - James McClements ↗ Change of Director's Interest Notice - James McClements ↗ | GrantOrdinary Shares | 726 | —Non Cash | — | 23,652 |
| 2023-06-30 | Colleen HaywardColleen Hayward
Details & evidence for Colleen Hayward on 2023-06-30Non-cash director-fee allotment for the period 1 April 2023 to 30 June 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Colleen Hayward ↗ Change of Director's Interest Notice - Colleen Hayward ↗ | GrantOrdinary Shares | 336 | —Non Cash | — | 595 |
| 2023-05-01 | Kelvin FlynnSharlin Nominees Pty Ltd
Details & evidence for Kelvin Flynn on 2023-05-01The notice attributes the 5,231-share disposal to Sharlin Nominees Pty Ltd. It reports only an aggregate pre-change total of 21,457, not an account-level opening balance; its post-change total is 16,226, with the after-position account balances separately recorded. As disclosed: An on-market disposal of 5,231 securities held by Sharlin Nominees Pty Ltd, a company held indirectly by Mr Flynn.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ Change of Director's Interest Notice - K Flynn ↗ | SaleOrdinary Shares | 5,231 | AUD 381,521.00 | — | 1,941 |
| 2023-04-11 | Zimi MekaZimi Meka
Details & evidence for Zimi Meka on 2023-04-11Non-cash director-fee allotment for the quarter ended 31 March 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Z Meka ↗ Change of Director's Interest Notice - Z Meka ↗ | GrantOrdinary Shares | 297 | —Non Cash | — | 1,111 |
| 2023-04-11 | Xi XiXi Xi
Details & evidence for Xi Xi on 2023-04-11Non-cash director-fee allotment for the quarter ended 31 March 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - X Xi ↗ Change of Director's Interest Notice - X Xi ↗ | GrantOrdinary Shares | 312 | —Non Cash | — | 19,856 |
| 2023-04-11 | Susan CorlettSusan Corlett
Details & evidence for Susan Corlett on 2023-04-11Non-cash director-fee allotment for the quarter ended 31 March 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed to 2025-04-15 Change of Director's Interest Notice - S Corlett ↗ Change of Director's Interest Notice - S Corlett ↗ | GrantOrdinary Shares | 336 | —Non Cash | — | 4,174 |
| 2023-04-11 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-04-11Non-cash director-fee allotment. The reported indirect position is aggregate across two trustee-company accounts; the filing does not allocate the 320 acquired shares between them. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ Change of Director's Interest Notice - K Flynn ↗ | GrantOrdinary Shares | 320 | —Non Cash | — | 21,457 |
| 2023-04-11 | Justin LangerJustin Langer
Details & evidence for Justin Langer on 2023-04-11Non-cash director-fee allotment for the period 3 January 2023 to 31 March 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Change of Director's Interest Notice - J Langer ↗ Change of Director's Interest Notice - J Langer ↗ | GrantOrdinary Shares | 259 | —Non Cash | — | 259 |
| 2023-04-11 | James McClementsJames McClements
Details & evidence for James McClements on 2023-04-11Non-cash director-fee allotment for the quarter ended 31 March 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - J McClements ↗ Change of Director's Interest Notice - J McClements ↗ | GrantOrdinary Shares | 609 | —Non Cash | — | 22,926 |
| 2023-04-11 | Colleen HaywardColleen Hayward
Details & evidence for Colleen Hayward on 2023-04-11Non-cash director-fee allotment for the period 3 January 2023 to 31 March 2023; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MinRes' Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - C Hayward ↗ Change of Director's Interest Notice - C Hayward ↗ | GrantOrdinary Shares | 259 | —Non Cash | — | 259 |
| 2023-03-30 | Chris EllisonEllison Superannuation Fund
Details & evidence for Chris Ellison on 2023-03-30Dividend reinvestment acquisition of fully paid ordinary shares into the Ellison Superannuation Fund; the notice identifies Chris Ellison as a beneficiary and reports indirect shares in Sandini Pty Ltd, Wabelo Pty Ltd and the Fund. As disclosed: 7,321 Shares issued as part of the Company's Dividend Reinvestment Plan at $79.37 each
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ | SubscriptionFully Paid Ordinary Shares | 7,321 | — | AUD 79.37Disclosed price | 491,521 |
| 2022-12-31 | Zimi MekaZimi Meka
Details & evidence for Zimi Meka on 2022-12-31Non-cash director-fee allotment for the quarter ended 31 December 2022; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MRL’s Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - Z Meka ↗ Change of Director's Interest Notice - Z Meka ↗ | GrantOrdinary Shares | 271 | —Non Cash | — | 814 |
| 2022-12-31 | Xi XiXi Xi
Details & evidence for Xi Xi on 2022-12-31Non-cash director-fee allotment for the quarter ended 31 December 2022; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MRL’s Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - X Xi ↗ Change of Director's Interest Notice - X Xi ↗ | GrantOrdinary Shares | 319 | —Non Cash | — | 19,544 |
| 2022-12-31 | Susan CorlettSusan Corlett
Details & evidence for Susan Corlett on 2022-12-31Non-cash director-fee allotment for the quarter ended 31 December 2022; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MRL’s Director Fee remuneration arrangements
director · Start not disclosed to 2025-04-15 Change of Director's Interest Notice - S Corlett ↗ Change of Director's Interest Notice - S Corlett ↗ | GrantOrdinary Shares | 343 | —Non Cash | — | 3,838 |
| 2022-12-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2022-12-31Non-cash director-fee allotment. The reported indirect position is aggregate across two trustee-company accounts; the filing does not allocate the 327 acquired shares between them. As disclosed: In accordance with MRL’s Director Fee remuneration arrangements
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ Change of Director's Interest Notice - K Flynn ↗ | GrantOrdinary Shares | 327 | —Non Cash | — | 21,137 |
| 2022-12-31 | James McClementsJames McClements
Details & evidence for James McClements on 2022-12-31Non-cash director-fee allotment for the quarter ended 31 December 2022; quantity based on the five-business-day VWAP through quarter end. As disclosed: In accordance with MRL’s Director Fee remuneration arrangements
director · Start not disclosed Change of Director's Interest Notice - J McClements ↗ Change of Director's Interest Notice - J McClements ↗ | GrantOrdinary Shares | 654 | —Non Cash | — | 22,317 |
Disclosed holding observations36 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2025-11-20 | Zimi Meka
Details & evidence for Zimi Meka on 2025-11-20The 3Z states director cessation on 20 November 2025 and reports 7,472 ordinary shares as final; the accompanying 3Y lists the fee-share change date as 24 November.
director · Start not disclosed Appendix 3Y and 3Z Notifications ↗ | FinalOrdinary Shares | 7,472 | — |
| 2025-08-11 | Justin Langer
Details & evidence for Justin Langer on 2025-08-11Separate indirect interest reported in the final notice; not added to the direct holding.
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Appendix 3Y and 3Z Notifications - Justin Langer ↗ | FinalOrdinary Shares | 1,935 | — |
| 2025-08-11 | Justin Langer
Details & evidence for Justin Langer on 2025-08-11Final direct balance reported in the 3Z; the notice does not separately date this balance relative to the 6 August cessation.
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Appendix 3Y and 3Z Notifications - Justin Langer ↗ | FinalOrdinary Shares | 6,279 | — |
| 2025-08-11 | Justin Langer
Details & evidence for Justin Langer on 2025-08-11Separate indirect interest reported in the final notice; not added to the direct holding.
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Appendix 3Y and 3Z Notifications - Justin Langer ↗ | FinalOrdinary Shares | 2,000 | — |
| 2025-06-30 | James McClements
Details & evidence for James McClements on 2025-06-30Final direct share holding disclosed upon cessation.
director · Start not disclosed Appendix 3Y and 3Z - James McClements ↗ | FinalOrdinary Shares | 33,347 | — |
| 2025-04-23 | Denise McComish
Details & evidence for Denise McComish on 2025-04-23Final direct holding reported when Denise McComish ceased to be a director on 23 April 2025. The reported 4,067 ordinary shares match the same-day 3Y after-change balance; the 3Z reports N/A for indirect positions and contract interests.
director · Start not disclosed to 2025-04-23 Appendix 3Y and 3Z Notifications - Denise McComish ↗ Appendix 3Y and 3Z Notifications - Denise McComish ↗ | FinalOrdinary Shares | 4,067 | — |
| 2025-04-15 | Jacqueline McGill
Details & evidence for Jacqueline McGill on 2025-04-15The 3Z reports 3,550 final direct ordinary shares and no indirect securities or contract interests. Its position date relative to the 22 April 3Y allocation is unresolved in the associated event record.
director · Start not disclosed to 2025-04-15 Appendix 3Y and 3Z Notifications ↗ Appendix 3Y and 3Z Notifications ↗ | FinalOrdinary Shares | 3,550 | — |
| 2025-04-15 | Susan Corlett
Details & evidence for Susan Corlett on 2025-04-15The 3Z reports 9,274 final direct ordinary shares and no indirect securities or contract interests. Its position date relative to the 22 April 3Y allocation is unresolved in the associated event record.
director · Start not disclosed to 2025-04-15 Appendix 3Y and 3Z Notifications ↗ Appendix 3Y and 3Z Notifications ↗ | FinalOrdinary Shares | 9,274 | — |
| 2024-09-03 | Justin Langer
Details & evidence for Justin Langer on 2024-09-03Indirect after-change account position reported by the notice; no account-level opening balance or transaction allocation is stated.
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Change of Director's Interest Notice - Justin Langer ↗ Change of Director's Interest Notice - Justin Langer ↗ | PositionOrdinary Shares | 1,935 | — |
| 2024-09-03 | Justin Langer
Details & evidence for Justin Langer on 2024-09-03Indirect after-change account position reported by the notice; no account-level opening balance or transaction allocation is stated.
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer Change of Director's Interest Notice - Justin Langer ↗ Change of Director's Interest Notice - Justin Langer ↗ | PositionOrdinary Shares | 2,000 | — |
| 2024-08-31 | Chris Ellison
Details & evidence for Chris Ellison on 2024-08-31Indirect share position through the Ellison Superannuation Fund; the notice reports no change to this account.
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. Change of Director's Interest Notice - Chris Ellison ↗ | PositionOrdinary Shares | 497,944 | — |
| 2024-08-31 | Chris Ellison
Details & evidence for Chris Ellison on 2024-08-31The after-change schedule lists 161,935 unvested share rights across FY22–FY24 incentive plans. The before/after plan-level reconciliation is materially unresolved, as detailed below.
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. Change of Director's Interest Notice - Chris Ellison ↗ Change of Director's Interest Notice - Chris Ellison ↗ Change of Director's Interest Notice - Chris Ellison ↗ | PositionShare Rights under incentive plans | 161,935 | — |
| 2024-08-31 | Chris Ellison
Details & evidence for Chris Ellison on 2024-08-31Indirect after-change share position through Sandini Pty Ltd; its 111,734-share increase matches the disclosed vesting event.
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. Change of Director's Interest Notice - Chris Ellison ↗ | PositionOrdinary Shares | 22,030,967 | — |
| 2024-08-31 | Chris Ellison
Details & evidence for Chris Ellison on 2024-08-31Indirect after-change share position through Wabelo Pty Ltd; the notice reports no change to this account.
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. Change of Director's Interest Notice - Chris Ellison ↗ | PositionOrdinary Shares | 55,750 | — |
| 2024-01-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2024-01-31Final indirect account position reported at cessation; it matches the same-day 3Y after-change account position.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Final Director's Interest Notice - Kelvin Flynn ↗ | FinalOrdinary Shares | 16,085 | — |
| 2024-01-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2024-01-31Final indirect account position reported at cessation; it matches the same-day 3Y after-change account position.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Final Director's Interest Notice - Kelvin Flynn ↗ | FinalOrdinary Shares | 1,390 | — |
| 2023-12-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-12-31Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ | PositionOrdinary Shares | 14,285 | — |
| 2023-12-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-12-31Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ | PositionOrdinary Shares | 3,053 | — |
| 2023-09-30 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-09-30Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ | PositionOrdinary Shares | 14,285 | — |
| 2023-09-30 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-09-30Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ | PositionOrdinary Shares | 2,689 | — |
| 2023-06-30 | Chris Ellison
Details & evidence for Chris Ellison on 2023-06-30FY23 Annual Report section 10.1 reports 401,093 share rights at 30 June 2023. The subsequent Appendix 3Y describes conversion of 173,872 rights to shares on 29 August and has an after-change rights schedule totaling 227,220; simple subtraction from the annual-report balance yields 227,221. The earlier 3Y schedule totals 387,149 and the component rights changes are inconsistent. These positions are not fully reconciled; no additional rights event is inferred.
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. FY23 Annual Report to shareholders ↗ Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ Change of Director's Interest Notice - C Ellison ↗ | PositionShare Rights under incentive plans | 401,093 | — |
| 2023-06-30 | Chris Ellison
Details & evidence for Chris Ellison on 2023-06-30The annual report's aggregate director holding includes related-party interests and does not disclose account allocation. It reports 22,559,316 ordinary shares at 30 June 2023; the later 4 September Appendix 3Y pre-change aggregate is 22,466,504. Their 92,812-share difference is not explained by these sources, and no intervening transaction is inferred.
director · Start not disclosed Sandini Pty Ltd ATF Karratha Rigging Unit A/C · Indirect share and rights interests reported through Sandini Pty Ltd; the director is a beneficiary and the company is described as trustee for rights. Ellison Superannuation Fund · Beneficiary interest in shares held by the Ellison Superannuation Fund. Wabelo Pty Ltd · Indirect share interest reported through Chris Ellison's shareholdings in Wabelo Pty Ltd. FY23 Annual Report to shareholders ↗ Change of Director's Interest Notice - C Ellison ↗ | PositionOrdinary Shares | 22,559,316 | — |
| 2023-06-30 | Colleen Hayward
Details & evidence for Colleen Hayward on 2023-06-30Aggregate director holding including related-party interests; the report does not disclose account-level or direct/indirect allocation.
director · Start not disclosed FY23 Annual Report to shareholders ↗ | PositionOrdinary Shares | 595 | — |
| 2023-06-30 | James McClements
Details & evidence for James McClements on 2023-06-30Aggregate director holding including related-party interests; the report does not disclose account-level or direct/indirect allocation.
director · Start not disclosed FY23 Annual Report to shareholders ↗ | PositionOrdinary Shares | 23,652 | — |
| 2023-06-30 | Justin Langer
Details & evidence for Justin Langer on 2023-06-30Aggregate director holding including related-party interests; the report does not disclose account-level or direct/indirect allocation.
director · Start not disclosed Chilly Dog Super Pty Ltd · Indirect share interest reported by Justin Langer Sunrise Group (WA) Pty Ltd · Indirect share interest reported by Justin Langer FY23 Annual Report to shareholders ↗ | PositionOrdinary Shares | 595 | — |
| 2023-06-30 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-06-30Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ | PositionOrdinary Shares | 14,285 | — |
| 2023-06-30 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-06-30Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - Kelvin Flynn ↗ | PositionOrdinary Shares | 2,304 | — |
| 2023-06-30 | Susan Corlett
Details & evidence for Susan Corlett on 2023-06-30Aggregate director holding including related-party interests; the report does not disclose account-level or direct/indirect allocation.
director · Start not disclosed to 2025-04-15 FY23 Annual Report to shareholders ↗ | PositionOrdinary Shares | 4,537 | — |
| 2023-06-30 | Xi Xi
Details & evidence for Xi Xi on 2023-06-30Aggregate director holding including related-party interests; the report does not disclose account-level or direct/indirect allocation.
director · Start not disclosed FY23 Annual Report to shareholders ↗ | PositionOrdinary Shares | 20,192 | — |
| 2023-06-30 | Zimi Meka
Details & evidence for Zimi Meka on 2023-06-30Aggregate director holding including related-party interests; the report does not disclose account-level or direct/indirect allocation.
director · Start not disclosed FY23 Annual Report to shareholders ↗ | PositionOrdinary Shares | 1,480 | — |
| 2023-05-01 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-05-01Indirect after-change account position as disclosed by the source.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ | PositionOrdinary Shares | 14,285 | — |
| 2023-05-01 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-05-01Indirect after-change account position as disclosed by the source.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ | PositionOrdinary Shares | 1,941 | — |
| 2023-04-11 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-04-11Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ | PositionOrdinary Shares | 14,285 | — |
| 2023-04-11 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2023-04-11Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ | PositionOrdinary Shares | 7,172 | — |
| 2022-12-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2022-12-31Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ | PositionOrdinary Shares | 13,946 | — |
| 2022-12-31 | Kelvin Flynn
Details & evidence for Kelvin Flynn on 2022-12-31Indirect after-change account position; the source does not disclose an opening balance for this account.
director · Start not disclosed Flynn Fund Pty Ltd <Flynn Future Fund A/C> · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Sharlin Nominees Pty Ltd · Indirect share interest reported through a trustee company directed by Kelvin Flynn. Change of Director's Interest Notice - K Flynn ↗ | PositionOrdinary Shares | 7,191 | — |
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory26 documents
MIN.AX latest eligible local closeMarket Data · LowExtracted
Latest eligible local unadjusted close selected through miners.reference_price; one MIN ordinary share quoted in AUD.
- Document ID
- market-close
- Published UTC
- 2026-10-13T05:00:00Z
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - MINCorporate Action · MediumPartial
Material pages reviewed: 1, 2, 3, 4, 5, 6, 7. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- latest-unquoted
- Published UTC
- 2026-10-08T06:49:15.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Resources and Energy Quarterly September 2026 – official commodity outlook webpageCommodity Data · HighExtracted
Official September outlook: near-term spodumene strength followed by moderation as supply grows; iron ore faces rising supply. PDF download attempts failed; source is the accessible HTML outlook, not retained PDF tables. Publication date verified; exact release clock unknown and 10am local is a date-only placeholder, not an intraday timing claim.
- Document ID
- req-sep26
- Published UTC
- 2026-10-02T00:00:00Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - MINCorporate Action · MediumPartial
Material pages reviewed: 1, 2, 3, 4, 5, 6. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- latest-quotation
- Published UTC
- 2026-09-30T08:11:15.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Change in substantial holding from MINTransaction · MediumPartial
Material pages reviewed: 1, 2. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- wildcat-change
- Published UTC
- 2026-09-30T08:38:10.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Date of AGM and closing date for director nominationsGovernance · MediumPartial
Material pages reviewed: 1. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- agm-date
- Published UTC
- 2026-09-07T08:44:02.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Conclusion of ASIC investigationGovernance · MediumPartial
Material pages reviewed: 1. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- asic-conclusion
- Published UTC
- 2026-09-01T04:03:40.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
FY26 Financial Results PresentationPresentation · HighPartial
Material pages reviewed: 9, 12, 13, 15, 18, 19, 20, 21, 25, 26, 28, 30, 31, 32, 33, 34, 35, 39, 40, 41, 42, 43, 44. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- fy26-presentation
- Published UTC
- 2026-08-26T21:31:09Z
- Projects
- —
- Commodities
- iron_ore · lithium
FY26 Financial Results AnnouncementResults · MediumPartial
Material pages reviewed: 1, 2, 3, 4, 5, 6. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- fy26-results
- Published UTC
- 2026-08-26T21:30:49Z
- Projects
- —
- Commodities
- iron_ore · lithium
Appendix 4E and 2026 Annual ReportResults · HighPartial
Material pages reviewed: 16, 111, 112, 113, 118, 119, 126, 127, 129, 130, 137, 138, 139, 140, 141, 142, 144, 150, 151, 152, 153, 154, 158, 159, 160, 161. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- fy26-annual
- Published UTC
- 2026-08-26T21:30:04Z
- Projects
- —
- Commodities
- iron_ore · lithium
Quarterly Activity Report - Q4 FY26Operations · HighPartial
Material pages reviewed: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- q4-fy26
- Published UTC
- 2026-07-28T22:21:49Z
- Projects
- —
- Commodities
- iron_ore · lithium
MinRes and POSCO Holdings execute key formal agreementsTransaction · MediumPartial
Material pages reviewed: 1, 2. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- posco-agreement
- Published UTC
- 2026-04-30T22:19:49.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Quarterly Activity Report - Q3 FY26Operations · HighPartial
Material pages reviewed: 1, 3, 4, 5, 6. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- q3-fy26
- Published UTC
- 2026-04-29T22:19:25Z
- Projects
- —
- Commodities
- iron_ore · lithium
FY26 Half Year Results PresentationPresentation · HighPartial
Material pages reviewed: 11, 38, 39. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- half26-presentation
- Published UTC
- 2026-02-19T21:36:06Z
- Projects
- —
- Commodities
- iron_ore · lithium
FY26 Half Year Results AnnouncementResults · MediumPartial
Material pages reviewed: 1, 2. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- half26-results
- Published UTC
- 2026-02-19T21:30:16Z
- Projects
- —
- Commodities
- iron_ore · lithium
FY26 Half Year Financial Report and Appendix 4DResults · HighPartial
Material pages reviewed: 14, 15, 16, 17, 33. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- half26-report
- Published UTC
- 2026-02-19T21:18:40Z
- Projects
- —
- Commodities
- iron_ore · lithium
Quarterly Activity Report - Q2 FY26Operations · HighPartial
Material pages reviewed: 1, 3, 4, 5, 6. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- q2-fy26
- Published UTC
- 2026-01-28T21:12:40Z
- Projects
- —
- Commodities
- iron_ore · lithium
Quarterly Activity Report - Q1 FY26Operations · HighPartial
Material pages reviewed: 1, 4, 5, 6. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- q1-fy26
- Published UTC
- 2025-10-29T21:17:43Z
- Projects
- —
- Commodities
- iron_ore · lithium
Annual Report to shareholdersResults · HighPartial
Material pages reviewed: 79, 80. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- fy25-annual
- Published UTC
- 2025-10-16T21:35:57Z
- Projects
- —
- Commodities
- iron_ore · lithium
FY25 Full Year Results PresentationPresentation · HighPartial
Material pages reviewed: 14. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- fy25-presentation
- Published UTC
- 2025-08-27T22:16:13Z
- Projects
- —
- Commodities
- iron_ore · lithium
Pilbara Hub Mineral Resources and Ore Reserves StatementResource Update · HighPartial
Material pages reviewed: 1, 2, 3, 4, 5, 6. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- pilbara-resource
- Published UTC
- 2025-08-27T22:20:38.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Onslow Iron Resource and Reserve Statement AddendumOther · MediumPartial
Material pages reviewed: 1, 2. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- onslow-addendum
- Published UTC
- 2025-05-22T07:22:43.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Onslow Iron Resource and Reserve UpdateResource Update · HighPartial
Material pages reviewed: 1, 2, 3, 4, 5, 6, 9, 10. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- onslow-resource
- Published UTC
- 2025-05-20T22:15:47.000Z
- Projects
- —
- Commodities
- iron_ore · lithium
Bald Hill ResourceResource Update · HighPartial
Material pages reviewed: 1, 2, 3, 4, 5. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- bald-hill-resource
- Published UTC
- 2024-11-13T00:00:00Z
- Projects
- —
- Commodities
- iron_ore · lithium
Mt Marion ResourceResource Update · HighPartial
Material pages reviewed: 1, 2, 3, 4, 5. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- mt-marion-resource
- Published UTC
- 2024-02-21T00:00:00Z
- Projects
- —
- Commodities
- iron_ore · lithium
Lithium ReservesResource Update · HighPartial
Material pages reviewed: 1, 2, 3, 4, 5, 6, 7, 10, 11, 12, 13. Unreviewed pages are outside this bounded financial, operational and valuation extraction.
- Document ID
- lithium-reserves
- Published UTC
- 2023-09-22T00:00:00Z
- Projects
- —
- Commodities
- iron_ore · lithium
Evidence facts116
57 %
2026-06-30100 %
2026-06-3050 %
2026-06-3050 %
2026-06-30100 %
2026-06-30FY27 shipments 2e+07 to 2.17e+07 t; wet ore attributable text
2027-06-3090000000.0 AUD
2027-06-30FY27 shipments 1e+07 to 1.1e+07 t; wet ore attributable text
2027-06-30145000000.0 AUD
2027-06-30FY27 shipments 360000 to 390000 t; SC6 attributable; Mt Marion 51% offtake text
2027-06-30130000000.0 AUD
2027-06-30FY27 shipments 200000 to 240000 t; SC6 attributable; Mt Marion 51% offtake text
2027-06-30120000000.0 AUD
2027-06-30FY27 shipments 100000 to 120000 t; SC6 attributable; Mt Marion 51% offtake text
2027-06-30125000000.0 AUD
2027-06-30FY27 two Perth Basin wells and two Carnarvon Basin wells text
2027-06-301404000000.0 AUD
2026-06-30158000000.0 AUD
2026-06-305688000000.0 AUD
2026-06-30141000000.0 AUD
2026-06-304341000000.0 AUD
2026-06-302084000000.0 AUD
2026-06-301213000000.0 AUD
2026-06-306461000000.0 AUD
2026-06-301061000000.0 AUD
2026-06-302551000000.0 AUD
2026-06-30800000000.0 AUD
2026-06-30100 %
2026-06-303113000000.0 AUD
2026-06-3031.35239318984902 %
2026-06-3051 %
2026-06-30315000000.0 AUD
2026-06-30100 %
2026-06-30100 %
2026-06-30Aquila Resources Pty Ltd text
2026-06-3015 %
2026-06-3041000000.0 AUD
2026-06-30Binding Solutions Ltd text
2026-06-3016.8 %
2026-06-3034000000.0 AUD
2026-06-30Delta Lithium Ltd text
2026-06-3022.8 %
2026-06-3027000000.0 AUD
2026-06-30LieNA Pty Ltd text
2026-06-3050 %
2026-06-304000000.0 AUD
2026-06-30Nexmin Pty Ltd text
2026-06-3020 %
2026-06-306000000.0 AUD
2026-06-30Northern Gateway Master Trust text
2026-06-3049.04 %
2026-06-3049000000.0 AUD
2026-06-304725916.931999999 t
2026-06-3018248237.52 t
2026-06-3096.48712639071348 AUD/t
2026-06-301074979.1639999999 t
2026-06-304899337.568999999 t
2026-06-30154.29657363950463 AUD/t
2026-06-309960.0 t
2026-06-3038040.0 t
2026-06-3012300.0 AUD/t
2026-06-307080.0 t
2026-06-3027240.0 t
2026-06-3014116.666666666668 AUD/t
2026-06-3060.0 t
2026-06-3060.0 t
2026-06-3068 %
2026-06-3059 %
2026-06-30743700000 t
2025-03-3156.3 % Fe
2025-03-31418703100.0 t
2025-03-31286172900.0 t
2025-03-3150 % Fe
2025-03-31358600000 t
2025-03-3157.5 % Fe
2025-03-31206195000.0 t
2025-03-31Open pit text
2025-03-31161000000 t
2025-06-3057 % Fe
2025-06-3091770000.0 t
2025-06-3080370000.0 t
2025-06-3050 % Fe
2025-06-3050700000 t
2025-06-3057.5 % Fe
2025-06-3029152500.0 t
2025-06-30Open pit text
2025-06-3066100000 t
2024-01-311.36 % Li2O
2024-01-31898960.0 t
2024-01-31743920.0 t
2024-01-310.5 % Li2O
2024-01-31Open pit; planned underground text
2024-01-31217400000 t
2023-06-301.15 % Li2O
2023-06-302500099.9999999995 t
2023-06-302094149.9999999998 t
2023-06-300.5 % Li2O
2023-06-30164600000 t
2023-06-301.15 % Li2O
2023-06-301892900.0 t
2023-06-30Open pit text
2023-06-3035700000 t
2023-06-301.42 % Li2O
2023-06-30506940.0 t
2023-06-3058100000 t
2024-06-300.94 % Li2O
2024-06-30546140.0 t
2024-06-30161680.0 t
2024-06-300.3 % Li2O
2024-06-30Open pit text
2024-06-30198614518 shares
2026-10-08202625154 shares
2026-10-08Wildcat Resources Limited text
2026-06-3014.6 %
2026-09-28232741887 shares
2026-09-2845.810001 AUD/share
2026-10-13Conflicts requiring judgment3
- cash unrestricted versus consolidated
Auditednote10selects1404munrestrictedcash;127mJVand31mRoadTrustareuse-restricted, separatedinequitybridge.
- ordinary and potential dilution
October8formhaslatestcompleteclasscounts, corroboratedordinarycountbySeptember30quotation; annualcountsuperseded.
- gross investingcapex versus issuer netfinanced capex
V8definition1213m=PP&E734+mine450+exploration29, excludes9mintangible. Issuer1222mgross/1111mnetfinancingmeasure retained as differentlydefined.