Mineral Resources (ASX: MIN) aims to double lithium chemical capacity in 5 years.

Wed 26 Jul 23, 09:14 AM | Team Kalkine

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Highlights

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

The company today shared a performance update for the fourth quarter of FY23 and reported iron ore shipments of 4.3 wmt (wet metric tonne) at realised prices of AUD 91 a tonne. Its mining services production volumes were 58Mt during the quarter and totalled 248Mt for FY23, in line with revised guidance of 245-255 Mt. The company said all major approvals had been received for the Onslow Iron Project. The first ore-on-ship delivery from the project is expected in June 2024. Meanwhile, the company also announced a significant natural gas discovery at North Erregulla Deep-1. MIN completed the acquisition of Norwest Energy NL on 29 April 2023.

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