MinRes reported strong operational performance and strategic growth in FY26, enhancing its governance while optimizing production and capitalizing on rising lithium and iron ore prices.

Target Information

MinRes, a leading mining services and resource company, has reported significant operational milestones for the first quarter of FY26. The Onslow Iron project achieved a remarkable shipping volume of 8.6 million tonnes, showcasing its capability to operate at its nameplate capacity of 35 million tonnes per annum (Mtpa). With a solid liquidity position of $1.1 billion and net debt maintained at $5.4 billion despite capital expenditures of $400 million, MinRes demonstrates strong financial health.

In addition to operational successes, the company has enhanced its governance structure through the appointment of four well-regarded Independent Non-Executive Directors since July 2025. This board renewal aims to fortify the company’s strategic direction and adherence to best practices.

Industry Overview

MinRes operates within the mining and resource sector in Australia, which remains a critical component of the country's economy. The industry has recently witnessed a surge in demand for iron ore and lithium products d