• Fortescue anticipates Iron Bridge shipments of 10-12 million tonnes in FY26
• Operation to achieve annualised production rate of 16-20 million tonnes in H2 FY27
• Fortescue targets nameplate capacity of 22 million tonnes per annum in FY28

Fortescue Ltd (ASX: FMG) has provided an update on the staged ramp-up of its Iron Bridge magnetite operation. Following an optimisation assessment of the dry plant in the ore processing facility, Fortescue anticipates Iron Bridge shipments of 10 - 12 million tonnes (Mt) in FY26 and for the operation to achieve an annualised production rate of 16 - 20Mt in H2 FY27 (both on a 100 per cent basis). Achieving Iron Bridge's nameplate capacity of 22Mt per annum is targeted in FY28, with further process optimisation anticipated. The focus on unlocking capability at Iron Bridge is through embedding operational learnings and implementing innovative solutions, including in-house redesign of the air classification units and installation of upgraded ceramic liners to address premature erosion. Iron Bridge is an unincorporated Joint Venture between FMG Magnetite Pty Ltd (69 per cent) and Formosa Steel IB Pty Ltd (31 per cent).

Fortescue anticipates Iron Bridge shipments of 10-12 million tonnes in FY26 and the operation to achieve an annualised production rate of 16-20 million tonnes in H2 FY27.

Fortescue targets achieving Iron Bridge's nameplate capacity of 22 million tonnes per annum in FY28, with further process optimisation anticipated.