MinRes Expands Onslow Iron With $3.5B Build Ken’s Bore mine near Onslow was once empty red desert. Today, it sits at the centre of one of Australia’s largest new iron-ore developments, as Mineral Resources continues to scale up its Onslow Iron project in Western Australia. New Mines, Port and Haul Road MinRes is expanding the Onslow Iron hub with new mining areas, a deep-water port and a 150-kilometre auto-haul road designed for autonomous road trains. The infrastructure forms part of a $3.5 billion investment aimed at building a large, long-life iron-ore operation with efficient logistics. Focus on Cost and Scale The project has been designed with cost control in mind. MinRes has previously sold a stake in the haul road infrastructure to reduce capital requirements while keeping access to the critical transport corridor. Competing in a Changing Market As new iron-ore supply comes online globally, including from major projects in Africa, MinRes is positioning Onslow Iron to compete on cost and reliability. The success of the project will depend on whether its scale and infrastructure can deliver the low-cost edge the company is building toward.

MinRes Expands Onslow Iron With $3.5B Build Ken’s Bore mine near Onslow was once empty red desert. Today, it sits at the centre of one of Australia’s largest new iron-ore developments, as Mineral Resources continues to scale up its Onslow Iron project in Western Australia. New Mines, Port and Haul Road MinRes is expanding the Onslow Iron hub with new mining areas, a deep-water port and a 150-kilometre auto-haul road designed for autonomous road trains. The infrastructure forms part of a $3.5 billion investment aimed at building a large, long-life iron-ore operation with efficient logistics. Focus on Cost and Scale The project has been designed with cost control in mind. MinRes has previously sold a stake in the haul road infrastructure to reduce capital requirements while keeping access to the critical transport corridor. Competing in a Changing Market As new iron-ore supply comes online globally, including from major projects in Africa, MinRes is positioning Onslow Iron to compete on cost and reliability. The success of the project will depend on whether its scale and infrastructure can deliver the low-cost edge the company is building toward. — ASX:MIN| ASX Mining News & Discussion