Asset Report

Ashburton Hub iron ore mine

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The Mineral Resources Ashburton Hub project has been redesigned to reflect the acquisition of Red Hill Iron’s 40% stake in the RHIOJV in July 2021. The Ashburton Hub Stage 1 now includes RHIOJV tenements, with Bungaroo South and Kumina removed from the development. A 35 million tonne iron ore hub is planned in the West Pilbara. Production started in the March 2024 quarter upon completion of site work. Consequently, MRL expects to ship the first ore in mid-2024. Ashburton is expected to be a low cost hub in the MRL portfolio, benefiting from a larger capacity road haul solution and a transhipping model at Port Onslow.

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