Mineral Resources investigation update

Mineral Resources (ASX:MIN) has announced an update on an ongoing investigation involving its Managing Director. The company is working with the ASX to address concerns and intends to release more information by November 4, 2024. The investigation, overseen by independent parties, aims to clarify allegations predating the company's 2006 establishment.

Overview and future actions

Mineral Resources (ASX:MIN) is actively investigating allegations concerning its Managing Director with help from Herbert Smith Freehills, Senior Counsel, and McGrath Nicol. The company is responding to ASX inquiries and plans to disclose findings by November 4, 2024. Committed to high governance standards, the Board is focused on sustainable value creation for stakeholders and has renewed its governance practices over the past two years. As a diversified resources company, MinRes remains one of the ASX's top performers since its 2006 listing.

Executive commentary on investigation

The Board of MinRes is committed to maintaining high governance standards and ensuring the integrity of the company's operations. Managing Director Mr. Ellison is currently on planned leave but is cooperating with the investigation. The Board, led by Chairman James McClements, emphasizes its dedication to the interests of shareholders and continuous improvement in governance practices.