Mineral Resources Provides Update on Yilgarn Iron Ore Business

  • Nov 20, 2019 AEDT
  • Team Kalkine

Mineral Resources Limited (ASX: MIN) provided an update on its Yilgarn Iron Ore business, which reported 108.6Mt mineral resources at 56.8% Fe. This will reinforce a high-value, long life iron ore business in the southern part of Western Australia:

  • This update deliver’s on MIN’s ability to identify and generate shareholder returns from formerly undervalued and stranded mineral assets;
  • MIN is working upon an operating plan for Yilgarn Iron Ore that underpins a long life and steady state operation of ~11 Mtpa;
  • The company aims to double its production and revenue over the next three years.

At AEST 01:18PM, the stock was trading at $14.66 per share, down by 0.06% from its previous close.


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