Quarterly Activity Report - Q3 FY26

• Onslow Iron FY26 volume guidance upgraded to 17.7-19.4M wmt
• Mining Services FY26 volume guidance upgraded to 320-330Mt
• Lithium operations at Wodgina and Mt Marion see higher FY26 volume guidance

Mineral Resources Limited (MinRes) reported its Q3 FY26 quarterly activity results, highlighting significant operational and financial improvements across its key business divisions. The company upgraded its FY26 volume guidance for Onslow Iron to 17.7-19.4M wmt (previously 17.1-18.8M wmt), with costs tracking at the lower end of guidance. MinRes' Mining Services division also saw its FY26 volume guidance upgraded to 320-330Mt (previously 305-325Mt). In the lithium segment, the company upgraded FY26 volume guidance for Wodgina to 270-290k dmt SC6 (previously 260-280k dmt SC6) and Mt Marion to 210-230k dmt SC6 (previously 190-210k dmt SC6), while maintaining cost guidance across both operations. The company's liquidity strengthened to $1.8B, and net debt reduced materially to around $4.5B, demonstrating its continued rapid deleveraging. MinRes also announced the issuance of $1.3B in new senior unsecured notes to refinance existing debt, further improving its debt maturity profile. The company noted it has not experienced any disruption to its fuel supplies or operations as a result of the Middle East conflict, and it continues to monitor the evolving geopolitical situation.

Onslow Iron FY26 volume guidance: 17.7-19.4M wmt (previously 17.1-18.8M wmt) Mining Services FY26 volume guidance: 320-330Mt (previously 305-325Mt) Wodgina FY26 volume guidance: 270-290k dmt SC6 (previously 260-280k dmt SC6) Mt Marion FY26 volume guidance: 210-230k dmt SC6 (previously 190-210k dmt SC6)