MIN mineral resources limited

Ann: Quarterly Activity Report - Q2 FY25, page-12

  1. 257 Posts.
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    $1.1B was received from the Onslow Iron haul road sale → Offsets some of the debt increase.

    $780M came in from the gas asset sale to Hancock Prospecting → Another cash inflow.

    Capex-heavy first half ($1.4B spent) → The business is front-loading investments for growth.

    $500M net working capital unwind → Suggests some debt has gone towards temporary operational costs rather than structural issues.

    $300M of the debt increase was purely due to FX losses on USD bonds.
 
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