Mineral Resources Limited · ASX:MIN
Mineral Resources — Shareholder Meeting (November 2024)
18 slides from Mineral Resources's shareholder meeting presentation, Nov 21, 2024
Slide 1: 2024 Annual General Meeting
2024 ANNUAL GENERAL MEETING | ASXMIN MINERAL RESOURCES LIMITED 2024 ANNUAL GENERAL MEETING
Slide 2: 2024 AGM Business Update
2024 ANNUAL GENERAL MEETING | ASXMIN 2024 AGM BUSINESS UPDATE 2024 APPRENTICE PROGRAM
Slide 3: A Year of Development
2024 ANNUAL GENERAL MEETING | ASXMIN A YEAR OF DEVELOPMENT ONSLOW IRON • Delivered Onslow Iron in record time • Project now operational – pit-to-ship • Focus on ramp-up to 35Mtpa MANAGING COSTS & PERFORMANCE • Fluctuating commodity markets • Focus on costs and operational efficiency • Recycled signi
Slide 4: Senior Leadership
2024 ANNUAL GENERAL MEETING | ASXMIN SENIOR LEADERSHIP Chris Ellison Mark Wilson Managing Director Chief Financial Officer 40+ years' experience 30+ years' experience 32 years with MinRes 6 years with MinRes Mike Grey Darren Killeen Chris Soccio Joshua Thurlow Darren Hardy Chief Executive Chief Exec
Slide 5: Our Operations
OUR OPERATIONS INFRASTRUCTURE MIN IN G S E RVIC E S ENGINEERING & CONSTRUCTION Leading pit-to-ship mining Unmatched services provider in-house capacity COMMODITIES IRO N O RE L IT HIU M E N E RGY Top five Australian-listed Top five global Significant onshore iron ore producer1 lithium supplier2 natu
Slide 6: Looking After Our People
2024 ANNUAL GENERAL MEETING | ASXMIN LOOKING AFTER OUR PEOPLE SAFETY & WELLBEING • TRIFR 2.96 • Mind Matters team – in-house mental health service DIVERSITY • 8,500 peak workforce • 22.3% female representation • 3.7% Indigenous representation EXPERIENCE • Resort-style rollout continues • Enhanced FI
Slide 7: Supporting Communities
2024 ANNUAL GENERAL MEETING | ASXMIN SUPPORTING COMMUNITIES $3.8B Western Australian supplier spend Contributions to $8M charitable organisations $68M Indigenous business spend SAPPHIRE SUNGSOO WANOA KIM GRADUATE APPRENTICE GEOTECHNICAL MECHANICAL ENGINEER FITTER
Slide 8: Environmental Responsibility
2024 ANNUAL GENERAL MEETING | ASXMIN ENVIRONMENTAL RESPONSIBILITY High-impact Zero environmental incidents Roadmap to net 2050 zero operational emissions SUNGSOO KIM Live New MinRes Decarbonisation Fund GRADUATE GEOTECHNICAL ENGINEER
Slide 9: Financial Update
2024 ANNUAL GENERAL MEETING | ASXMIN FINANCIAL UPDATE PHOEBE KLEPPE GRADUATE ENVIRONMENTAL ADVISOR
Slide 10: Balance Sheet 2.0
2024 ANNUAL GENERAL MEETING | ASXMIN BALANCE SHEET 2.0 DEBT MATURITY PROFILE3 1.8 1.6 • Net debt position expected to peak this half 1.4 A$ BILLION 1.2 1.0 • Earliest bond maturity is 2027 0.8 0.6 0.4 • Onslow Iron construction spend 0.2 reducing – project is cash flow positive 0.0 25 25 26 26 27 27
Slide 11: Onslow Iron
2024 ANNUAL GENERAL MEETING | ASXMIN ONSLOW BALANCE SHEET IRON OUR LARGEST EVER PROJECT • •NetDesign, construction, debt position operation expected to peak •this Delivered half in less than 24 months • First ore achieved in May 2024 DRIVEN BY MINRES INNOVATION • NextGen 3 modular crushers • Earlies
Slide 12: Onslow Iron Ramp Up Profile
2024 ANNUAL GENERAL MEETING | ASXMIN ONSLOW TARGETED RAMP UP PROFILE4 Annualised run-rate Annualised Shipped Tonnes (Mwmtpa) IRON Transhipper 4 Transhipper 5 3,500 NextGen Crusher 3 40.0 Shipped Tonnes (kwmt) 3,000 & Truck Load Out 35.0 2,500 30.0 Haul road complete 25.0 Underpinning our transition
Slide 13: Iron Ore
2024 ANNUAL GENERAL MEETING | ASXMIN IRON ORE ONSLOW IRON • On target to achieve 35Mtpa run rate from June 2025 TRANSITION TO LOW-COST, LONG-LIFE • Focus on performance and opportunities in the Pilbara region • Safe wind down of high-cost AMY TERRELL Yilgarn operations APPRENTICE MECHANICAL FITTER
Slide 14: Services & Infrastructure
2024 ANNUAL GENERAL MEETING | ASXMIN SERVICES & INFRASTRUCTURE INTERNAL PROJECTS • Onslow Iron ramp up to 35Mtpa EXTERNAL BUSINESS DEVELOPMENT • Ongoing service delivery with Tier 1 mining clients LYKEE CARTER APPRENTICE HD FITTER
Slide 15: Lithium
2024 ANNUAL GENERAL MEETING | ASXMIN LITHIUM MARKET • Aligning production to current market conditions • Ready to respond when prices improve • Long-term fundamentals remain attractive PERFORMANCE IMPROVEMENT & PRODUCT QUALITY • Reducing costs • Transitioning to lower-volume, higher-quality producti
Slide 16: Energy
2024 ANNUAL GENERAL MEETING | ASXMIN ENERGY GAS AGREEMENT WITH HANCOCK PROSPECTING • Sold 100% interest in Perth Basin discoveries • JV agreements for remaining Perth Basin and Carnarvon Basin exploration acreage • Hancock to pay MinRes a total cash consideration of up to $1.13bn1 ONGOING APPRAISAL
Slide 17: Investor Relations
INVESTOR RELATIONS Ch r i s Ch o n g G M I n ve stor R e la tion s T: +61 8 9315 0213 E : ch r i s.ch o n g @m r l .co m .au O F F I CE : 20 Wa l t e r s Dr i ve , O sb o r n e P a r k , WA 6017 P O S TAL : L o c k e d B ag 13, O sb o r n e P a r k DC, WA 6916 P : +61 8 9329 3600 ASXMIN MINRES CONNE
Slide 18: Disclaimer and Important Notices
2024 ANNUAL GENERAL MEETING | ASXMIN DISCLAIMER AND IMPORTANT NOTICES This presentation should not be considered as an offer or invitation to subscribe for or These forward-looking statements are based on expectations as at the date of this purchase any securities in Mineral Resources Limited and it
Mineral Resources — Shareholder Meeting (November 2024) on 6ix