MIN prices US$1.3 Billion Senior Unsecured Notes Offering

• Pricing of US$650 million 6.000% Senior Unsecured Notes due May 2032 and US$650 million 6.250% Senior Unsecured Notes due May 2034
• Proceeds to refinance existing debt and repay iron ore prepayment
• Expected to deliver material financial benefits including finance cost savings of $48M per annum

Mineral Resources Limited (ASX: MIN) (MinRes or company) has announced the pricing of its US$650 million 6.000% Senior Unsecured Notes due May 2032 and US$650 million 6.250% Senior Unsecured Notes due May 2034 (the Notes) in an offering to qualified institutional buyers and certain persons outside the United States. The settlement of the Notes offering is expected to occur on 29 April 2026, subject to customary closing conditions. MinRes will use the cash proceeds from the offering, together with cash on hand, to refinance its existing US$625 million 8.000% Senior Unsecured Notes due November 2027, fully repay the outstanding balance of the company's iron ore prepayment, and redeem US$350 million of its existing US$1,100 million 9.250% Senior Unsecured Notes due in October 2028. The transaction is expected to deliver material financial benefits including finance cost savings of $48M per annum, decreasing the company's weighted average cost of debt from 8.4% to 7.4%, and extending the company's weighted average tenor from 3.1 years to 5.0 years.