Mineral Resources Limited (ASX: $MIN) Q3 FY24 Report Highlights

Mineral Resources Limited (ASX: $MIN) has reaffirmed its FY24 volume and cost guidance for all operations. The company reported a Lost Time Injuries Frequency Rate (LTIFR) of 0.16 and a rolling 12-month Total Reportable Injury Frequency Rate (TRIFR) of 2.24. Additionally, MinRes is progressing the introduction of a partner to own a 49% interest in the Onslow Iron dedicated haul road and intends to adopt a similar approach for the proposed development of its gas processing facility in the Perth Basin. The company has also completed the sale of its interest in Azure Minerals Limited (ASX: $AZS) and non-core interest in Develop Global Limited (ASX: $DVP).

Summary of Q3 FY24 Report

Mineral Resources Limited (ASX: $MIN) has maintained its FY24 volume and cost guidance for all operations, demonstrating a commitment to operational stability. The company's progress in introducing a partner for the Onslow Iron haul road and the proposed gas processing facility in the Perth Basin reflects strategic initiatives to optimize resource allocation. The successful sale of non-core interests aligns with MinRes' focus on core operations. The report also highlights the company's production volumes, iron ore shipments, and progress in the lithium and energy sectors. With the Onslow Iron project on track for first ore-on-ship in June 2024 and positive developments in the energy sector, Mineral Resources remains focused on delivering its strategic objectives and maintaining operational efficiency.