ASX Price $61.79 1.80%

Joint Ventures

Mt Marion Lithium Project

Mt Marion Lithium Project is located in the Goldfields region, producing lithium spodumene concentrate. Mt Marion is operated by MRL under a life-of-mine BOO mining services contract and is jointly owned by MRL (50 per cent) and one of the world’s largest lithium producers, Jiangxi Ganfeng Lithium Co. Ltd (50 per cent).

Our optimised mine plan and integrated supply chain has seen the mine deliver record production and shipments of spodumene concentrate.

Read more

Marillana Iron Ore Project

During FY19, MRL entered into an agreement, with Brockman Iron Pty Ltd, a subsidiary of Brockman Mining Limited, in relation to the Marillana Iron Ore Project in the Pilbara. As part of the agreement, and subject to certain terms and conditions, MRL may farm-in by satisfying the farm-in obligations to earn a 50 per cent interest in the Marillana Iron Ore Project.

The Marillana Project is located in the Hamersley Iron Province within the Pilbara region, approximately 100km north-west of the township of Newman.

MRL has progressed drilling and metallurgical test work at Marillana, in line with the farm-in and joint venture agreement with Brockman Iron Ore Pty Ltd. Initial metallurgical tests indicate that the ore quality is in line with expectations, with an evaluation of cost-effective transport of ore to port underway. On successful completion of the farm-in obligations, a decision to progress with development of an iron ore facility with production capacity up to 25Mtpa will be made.

Read More

MARBL Joint Venture

Wodgina Lithium is the largest known hard-rock lithium deposit in the world with a forecast production life of more than 30 years. During FY20, MRL completed the construction of the three-train 750ktpa capacity spodumene concentrate beneficiation plant.

In November 2019, MRL announced the completion of the sale of 60 per cent of the Wodgina Lithium Project and the establishment of the MARBL Lithium Joint Venture with US-based Albemarle Corporation Inc.

When ownership of the Wodgina Lithium Project transferred to the MARBL Lithium Joint Venture, the decision was made to place Wodgina on care and maintenance due to the challenging global lithium market conditions, and to preserve the world-class orebody for future periods of higher prices.

MRL’s world-class, long-life lithium portfolio is well placed to benefit when the market rebounds.

Read More