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The latest update is out from Mineral Resources Limited ( (AU:MIN) ).
Mineral Resources Limited announced a significant update to its Mineral Resources and Ore Reserves for the Onslow Iron Project, showing an 89% increase in Mineral Resources to 744 million tonnes and a 73% increase in Ore Reserves to 359 million tonnes. This update underscores the project’s potential as a long-life, low-cost operation, which is expected to drive the next phase of growth for MinRes’ Iron Ore and Mining Services divisions, further solidifying its position in the industry and promising ongoing value for stakeholders.
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 (MinRes) is a company operating in the mining industry, primarily focusing on iron ore production and mining services. It is involved in the development of the Onslow Iron Project in partnership with the Red Hill Iron Ore Joint Venture, located in the West Pilbara region of Western Australia.
Average Trading Volume: 3,495,888
Technical Sentiment Signal: Sell
Current Market Cap: A$4.7B
For an in-depth examination of MIN stock, go to TipRanks’ Stock Analysis page.