MinRes Iron Ore Portfolio

Consolidated rollup of MinRes' Iron Ore division, anchored by the flagship Onslow Iron project (Red Hill Iron Ore Joint Venture, MinRes 57%) and the 100%-owned Pilbara Hub (Iron Valley and Wonmunna), with the Lamb Creek development to be incorporated in FY26. The Yilgarn Hub ceased exports in December 2024 and was sold to Yilgarn Iron Investments on 30 June 2025 (FY25 shipments of 2.4M wmt at $128/wmt FOB are included in the consolidated totals below; a $51M post-tax gain on sale was recognised). FY25 division revenue was $2,334M with the Platts 62% IODEX averaging US$101/dmt; the group's average realised iron ore price was US$83/dmt ($116/wmt), an 82% realisation. The source publishes annual production, guidance and unit costs by hub but no consolidated reserves and resources tables; an updated Onslow Iron Mineral Resources and Ore Reserves statement (89% resource and 73% reserve increase) was announced separately in Q3 FY25. Multi-jurisdictional rollup within Western Australia.