Ann: 2021 Financial Year - Half Year Results Presentation, page-32

South West Creek will depend on government approvals which are imminent and CE is very confident we will secure 50mtpa capacity. However, even though that capacity was originally reserved with juniors at the time, FMG, BHP and Roy HIll also want a piece of it so it will be interesting to see what happens.

There is also the Marillana project with Brockman mining with a 25 year mine life. Pending a formal FID and government berth approvals.
https://clients3.weblink.com.au/pdf/MIN/02329799.pdf

The AGM transcript best highlights how they will reach 92 mtpa. (page 20-22)
https://s3.ap-southeast-2.amazonaws.com/assets.mineralresources.com.au/app/uploads/2020/11/20143204/2020-AGM-Transcription.pdf

Reading through the transcript once again, its good to see plenty of initiatives of how they will drive down costs which is crucial IMO.

1) Introduction of private haul roads stretching hundreds of kms that will unlock many stranded deposits. Ore will be transported by MIN's purpose built 300 tonne capacity road trains. The road trains will be driverless further reducing costs. They already built 140kms within the last 12 months of private haul roads.

2) Build and own 4 of their own purpose built trans-shippers with 18,000 tonne capacity. Will pick up ore and drop it off offshore to cape size carriers 20 miles offshore. CE said doing the above out of Onslow is about half the cost of using the Utah Point, government owned port facility in port Hedland.
Furthermore, the cost of cape carrier compared to mini-capes out of Utah Point is about 60% so incredibly economic. Also build an enclosed 350,000 tonne storage facility right on the edge of the ocean at Ashburton.

3) NextGen plants. I believe one is already commissioned from the latest half yearly report.

4) Energy - Currently running a tab of $270 million a year on diesel. Mines will run of LNG and natural gas further cutting costs.

ALL IMO AN DYOR. Best of luck to all holders.