ASX Price $13.37 0.15

Joint Ventures

Mt Marion Lithium Project

The Mt Marion lithium project is located approximately 40km south west of Kalgoorlie, Western Australia and is jointly owned by Mineral Resources Limited (50%), and one of China’s largest lithium producers, Jiangxi Ganfeng Lithium Co., Ltd (50%).

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Marillana Iron Ore Project

In July 2018, Mineral Resources entered into a Farm-In and Joint-Venture agreement (JV) with Brockman Mining Limited. We have the potential to earn a 50% interest in the Pilbara-based 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.

To acquire the 50% interest in Marillana, must meet certain conditions in relation to spend on exploration and development activities on the Marillana tenements and complete the process design criteria of the processing plants, optimise the mine plan study and finalise the mine development layout plan. In July 2019, both companies agreed that the Farm-in obligation may take up to a further 12 months to complete than originally anticipated and agreed to extend the dates.

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McIntosh Graphite Project

In November 2018, Mineral Resources executed a Joint Venture Agreement for the development of the McIntosh Graphite Project in northern Western Australia.

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Wodgina Lithium JV

In August 2019, Mineral Resources entered into a binding Asset Sale and Share Subscription Agreement with Albemarle Corporation for the sale of a 60% interest in the Wodgina Lithium Project and formation of a 60:40 joint venture (Wodgina JV) that will produce spodumene concentrate. As part of the transaction, Mineral Resources will receive a 40% interest in two 25ktpa lithium hydroxide modules in Kemerton, Western Australia, which are currently under construction.

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