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Joint Ventures

Mt Marion Lithium Project

Mt Marion Lithium Project is located in the Goldfields region, producing lithium spodumene concentrate.

Mt Marion is operated by MinRes under a life-of-mine Build-Own-Operate mining services contract and is jointly owned by MinRes (50 per cent) and one of the world’s largest lithium producers, Jiangxi Ganfeng Lithium Co. Ltd (50 per cent).

Our optimised mine plan and integrated supply chain have seen the mine deliver record production and shipments of spodumene concentrate.

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Marillana Iron Ore Project

During FY19, MinRes entered into an agreement with Brockman Iron Pty Ltd, a subsidiary of Brockman Mining Limited, in relation to the Marillana Iron Ore Project in the Pilbara. As part of the agreement, and subject to certain terms and conditions, MinRes may farm-in by satisfying the farm-in obligations to earn a 50 per cent interest in the Marillana Iron Ore Project.

The Marillana Project is located in the Hamersley Iron Province within the Pilbara region, approximately 100km north-west of the township of Newman.

MinRes has progressed drilling and metallurgical test work at Marillana, in line with the farm-in and joint venture agreement with Brockman Iron Ore Pty Ltd. Initial metallurgical tests indicate that the ore quality is in line with expectations, with an evaluation of cost-effective transport of ore to port underway. On successful completion of the farm-in obligations, a decision to progress with development of an iron ore facility with production capacity up to 25Mtpa will be made.

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MARBL Joint Venture

Wodgina Lithium is the largest known hard-rock lithium deposit in the world with a forecast production life of more than 30 years. During FY20, MinRes completed the construction of the three-train 750ktpa capacity spodumene concentrate beneficiation plant.

In November 2019, MinRes announced the completion of the sale of 60 per cent of the Wodgina Lithium Project and the establishment of the MARBL Lithium Joint Venture with US-based Albemarle Corporation Inc.

When ownership transferred to the MARBL Lithium Joint Venture, the decision was made to place Wodgina in care and maintenance due to challenging global lithium market conditions and to preserve the world-class orebody.

In October 2021, the MARBL Lithium Joint Venture announced its decision to resume operations at the Wogina Lithium Project with plans to produce spodumene concentrate during the third quarter of 2022.

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Red Hill Iron Ore Joint Venture

The Onslow Iron project, located in the west Pilbara, is being developed by MinRes in a joint venture partnership known as the Red Hill Iron Ore Joint Venture (RHIOJV).  

The RHIOJV comprises MinRes (60.3 per cent), Baowu (18.7 per cent), AMCI (10.7 per cent) and POSCO (10.3 per cent). The joint venture assets include the RHIOJV tenements and all mine site non-process infrastructure and mining fleet.  

MinRes will deliver 100 per cent of the mining services and infrastructure for the project, including the crushing plant and haulage, port and transhipping services.  

The Onslow Iron project is one of the largest iron ore projects currently under development in Australia. The project is forecast to ship around 35 million tonnes of iron ore per year, with an expected mine life of 30 years plus.   

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