December Quarterly Activities Statement
| Stock | Admiralty Resources NL (ADY.ASX) |
|---|---|
| Release Time | 30 Jan 2026, 2:35 p.m. |
| Price Sensitive | Yes |
Admiralty Resources Advances Mariposa Iron Ore Production
- Continued production ramp-up at Mariposa Iron Ore Project in Chile
- Secured purchase contract with Trafigura for international marketing of Mariposa iron ore
- Completed first shipment of iron ore concentrate from Las Losas Port
Admiralty Resources NL (ASX: ADY) continued to ramp up production at its Mariposa Iron Ore Project in Chile during the December 2025 quarter, with total quarterly mining of 118,301 tonnes (up 12.5% on the prior quarter) and total quarterly ore concentrate of 45,680 tonnes (up 3.76% on the prior quarter). The company also announced that its subsidiary, Admiralty Minerals Chile Pty Ltd, had entered into a purchase contract with Trafigura Pte Ltd for the international marketing of the Mariposa iron ore on an open-book basis. The contract provides for three shipments of 150,000 wet metric tonnes of concentrate between December 2025 and December 2026, with pricing calculated using the Metal Bulletin 65% Fe CFR North China Index. Subsequent to the quarter, the company successfully completed its first shipment of iron ore concentrate from the Las Losas Port in Chile, with the material sold by Trafigura and currently en route to Qingdao Port, China. The company also signed a new purchase order with Compañía Minera del Pacífico (CMP) for the dispatch of at least 10,000 metric tonnes per month of iron ore concentrate (65% Fe) to the Guacolda 2 port starting from March 2026. Additionally, Admiralty continued to progress its planned 1 million tonne expansion at the Mariposa project, with the installation of necessary equipment and infrastructure.
The company expects to ship a total of 450,000 wet metric tonnes of iron ore concentrate from the Mariposa project between December 2025 and December 2026, with pricing linked to the Metal Bulletin 65% Fe CFR North China Index.
Admiralty remains focused on ramping up production at the Mariposa Iron Ore Project and securing additional sales contracts to support the project's growth trajectory. The company is also progressing its planned 1 million tonne expansion at the Mariposa site.