Mineral Resources Adjusts Onslow Iron Volume Guidance Amid Ramp-Up Progress

Mineral Resources Limited ( (AU:MIN) ) has issued an update.

Mineral Resources Limited has revised its volume guidance for the Onslow Iron project due to lower-than-expected availability of contractor road trains and below forecast daily cycles. Despite these challenges, the project is accelerating its ramp-up, with significant month-on-month increases in shipments and is on track to achieve its nameplate capacity by Q1 FY26. The commissioning of the fifth transhipper, MinRes Peak, at the Port of Ashburton is expected to further enhance transhipping capacity.

The most recent analyst rating on (AU:MIN) stock is a Hold with a A$62.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.

More about Mineral Resources Limited

Mineral Resources Limited (ASX: MIN) is a leading diversified resources company with extensive operations in lithium, iron ore, energy, and mining services across Western Australia.

Average Trading Volume: 3,427,564

Technical Sentiment Signal: Sell

Current Market Cap: A$4.66B

See more insights into MIN stock on TipRanks’ Stock Analysis page.