Onslow Transhipping, page-1067

Transhipping update for 28/6/2025
Min Res to 5 transhipments for the day using only 4 transhippers, Peak didn't operate, Rosily did 2, rate is 36.5 m t for the day.
The data also suggests 5 transhippers operating daily can go at lest at 42 m t pa in good conditions.

Below is the new data: 35.6 m t average over teh last 16 days, 33.7 m t average over june, and 34.6 m average since June 6.

	MinRes Onslow estimated EBITDA per tonne Aus $ (mining + mining services)						31.6
	Date since	Total days	Rate shipped per day tonnes	Total transhipper unloads	Total shipped (tonnes million)	Rate per year(million tonnes)	Free cash flowFY 26 Onslow(FOB AUD 58), $ m
	05-May-25	55	78545	216	4.32	28.7	$908
	11-May-25	49	81224	199	3.98	29.7	$939
	20-May-25	40	83000	166	3.32	30.3	$959
	01-Jun-25	28	92143	129	2.58	33.7	$1,065
	Current	16	97500	78	1.56	35.6	$1,127
	Free cash flow (FCF) estimates (entire business)
		Fy 26	Fy 27	Fy 28	Mkt cap $ m
	FCF $ m	1137	1366	850	4125
	Price/FCF	3.6	3.0	4.9	FCF % of mkt cap (Fy 26 to 28)
					81%
	Unloads by Transhipper since 5 May 2025						Iron Ore price US$
	Airlie	Coolibah	Montebello	Rosily	Peak		$94.45
	49	53	49	54	10.5		Aud Usd
							0.653