Mineral Resources Limited

MIN

AU000000MIN4

Diversified Mining

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Mineral Resources : 19/08/2020 Corporate Governance Statement

August 18, 2020 at 06:32 pm EDT

Mineral Resources Limited

The Directors are pleased to provide the Corporate Governance Statement for Mineral Resources Ltd (MRL/the Company) and its related bodies corporate (the Group) for the 2020 Financial Year (FY20).

The Company is committed to a high level of corporate governance that encourages and supports a culture that values safe, ethical behaviour in addition to integrity and respect. We believe that adopting and operating in accordance with the highest standards of corporate governance are essential to achieve long term growth and the creation of sustainable shareholder value.

This statement reports on the Company's core corporate governance principles and practices. This statement has been approved by the Board and is current as at 19 August 2020.

Yours faithfully

Derek Oelofse

Group Financial Controller and Company Secretary

19 August 2020

Corporate Governance Statement

1. Overview

MRL's Board and management consider that an uncompromising commitment to safety, environmental performance, corporate governance, and accountability is essential for the Group to achieve its objective of being a world class supplier of goods and services to the resources sector. As a result, specific corporate governance policies have been issued to detail the expected behaviour required from MRL employees and major sub-contractors, to ensure these objectives are met.

The Australian Securities Exchange (ASX) Corporate Governance Council released the fourth edition of its "Corporate Governance Principles and Recommendations" ("Recommendations") in 2019. The Board supports the principles laid out in the Recommendations. Although the Recommendations are not prescriptive, the ASX Listing Rules require disclosure of the extent to which the Recommendations have been followed, and for the Group to identify and provide reasons for those Recommendations that have not been followed. The Recommendations are listed below, along with details on how the Group has addressed the Recommendations, whether the Group is compliant with the Recommendations, and the location of relevant documents/reports.

In FY20, the Charters for the Board, Remuneration Committee, Nominations Committee and Audit and Risk Committee were reviewed and updated with the assistance of external corporate governance specialists. All Charter and Corporate Governance Policies are available at the Corporate Governance section of the Group's website: www.mineralresources.com.au. Reference is made in the table below to where evidence of compliance with the Recommendations can be located.

The Board's role:

The role of the Board is to represent shareholders, to promote and protect the interests of the Company, and to build sustainable value for our shareholders. The Board discharges this responsibility by having regard for the interests of all relevant stakeholders.

2. ASX Recommendations and how MRL satisfies the Recommendations

ASX Recommendations			How MRL satisfies the Recommendations
Principle 1 - Lay solid foundations for management and oversight

Recommendation 1.1:		MRL Corporate Governance Document: Board Charter
A listed entity should have and disclose a
board charter setting out:		Compliant with ASX		Document available	 On the Group's website
(a) the respective roles and responsibilities		Recommendations

of its board and management; and		The Board Charter, available on the Group's website, has been developed and approved by the MRL Board of
(b) those matters expressly reserved for the
	directors (Directors) to describe the manner in which the Board discharges its responsibilities.
board and those delegated to

management.		The powers and duties of individual Directors are set out in the Constitution and in law. Directors are expected

		to observe the highest standards of ethical behaviour at all times.

The key responsibilities of the Board are to:

appoint and remove the Managing Director, determine the Managing Director's remuneration and terms and conditions of employment
assess the performance of the Managing Director and, through the Managing Director, the Executive, taking into account recommendations from the Nomination and Remuneration Committees
ratify the appointment and, where appropriate, the removal of the Chief Financial Officer and other senior executives reporting to the Managing Director, taking into account the Managing Director's recommendations
approve and oversee the development of corporate objectives, policies, and strategies, including the setting of performance objectives
monitor the implementation of those policies and strategies and the achievement of those objectives and strategies
approve material investments, capital and operating expenditures, capital management, acquisitions, divestitures and funding activities
report to shareholders and the investment community on the performance and state of the Company

ASX Recommendations		How MRL satisfies the Recommendations
	∙ monitor and guide the culture, reputation and standards of conduct of the Company
	∙	establish appropriate levels of delegation to the Managing Director to allow the Managing Director to
		manage the business efficiently
	∙ approve, review, ratify and monitor the systems of risk management and internal control, codes of conduct
		and legal compliance
	∙ review and approve Non-executive Directors' Board and Committee fees following recommendations from
		the Board Remuneration Committee and subject to the Board's Fee Pool approved by shareholders
	∙	oversee the management of sustainability (safety, occupational health, environment and community)
		matters
	∙ approve the appointment and termination of the external auditor
	∙	ensure the financial statements of the Company fairly and accurately set out the financial position and
		financial performance of the Company and approving the Company's financial statements
	∙	approve the financial and other operational reporting mechanisms for adequate, accurate and timely
		information being provided to the Board
	∙ ensure appropriate internal and external audit arrangements are in place and operating effectively
	∙ provide a framework to help ensure that the Company acts legally, ethically, and responsibly on all matters
		consistent with the Code of Conduct and Business Integrity
	∙ consider the social, ethical and environmental impact of the Company's operations, approving policies and
		monitoring compliance with the Company's sustainability policies and practices
	∙ provide oversight and monitoring of Workplace, Health and Safety (WHS) issues in the Company including
		considering appropriate WHS reports and information
	∙ review and monitor the development and succession plans and progress for the Managing Director and
		members of the executive leadership team
	∙ approve the Company's Remuneration Policy
	∙	approve the issue of any new securities in the Company, including the issue of new securities as
		recommended by the Remuneration Committee in relation to the Company's executive and employee share
		plans
	∙ approve the Company Board Renewal Policy
	∙ establish and assess measurable diversity objectives
	∙ approve dividend policy and determine dividends, and
	∙ approve the Company's corporate governance statement.

ASX Recommendations		How MRL satisfies the Recommendations
	The Chairman has specific responsibilities to:
	∙	represent the Board and communicate the Board's position to stakeholders including shareholders,
		regulators and community
	∙ foster constructive conversation by the Board
	∙ maintain regular dialogue with the Managing Director and senior management, serving as the primary link
		between Board and management
	∙ work with the Managing Director regarding the information requirements of the Board to ensure effective
		decision making, and
	∙	set the agenda for each meeting in consultation with the Managing Director and Company Secretary,
		ensuring an appropriate amount of time is available for discussion, and providing an avenue for a Director
		to request that an item be added to the agenda.

Lead Independent Director:

Due to having served as the Company's Managing Director from listing in 2006 until 2012, MRL's current

Chairman is not considered independent. A Lead Independent Director has therefore been appointed by the

Independent Non-Executive Directors.

In discharging his/her responsibilities the Lead Independent Director is responsible for:

presiding at all meetings of the Board at which the Chairman is not present, including sessions of the independent directors
calling meetings of the independent Directors as and when required
serving as the principal liaison on Board-wide issues between the independent directors and the Chairman
facilitating the Board's approval of the number and frequency of Board meetings, as well as meeting schedules to ensure that there is sufficient time for discussion of all agenda items, and
ensuring that he/she will be available, if requested by shareholders, when appropriate, for consultation and direct communication.

Role and Responsibilities of the Managing Director:

The responsibilities for the day-to-day operations and administration of the Company are delegated to the Managing Director. The Managing Director is accountable to the Board in exercising this delegated authority. The Board ensures that the Managing Director and management team are appropriately qualified and experienced to discharge their responsibilities.

ASX Recommendations				How MRL satisfies the Recommendations
		In discharging his/her responsibilities the Managing Director is responsible to the Board for, among other
		matters:
		∙	development (with the Board) and implementation of the Company's strategic, business and financial
			objectives in line with the Company's stated Purpose, Vision and Values
		∙ implement processes, policies and systems together with appropriate controls to effectively manage the
			operations and risk of the Company
		∙ report to the Board all matters that are material to the affairs of the Company
		∙ plan, implement and monitor new	investments, major capital and	operating expenditures, capital
			management, acquisitions, divestitures and major funding activities
		∙ provide strong leadership to and effective management of the Company
		∙ ensure the timely preparation, presentation, adequacy and integrity of information provided to the Board, to
			enable the Board to carry out its responsibilities, and
		∙ foster of a culture consistent with the Company's Purpose, Vision and Values.

Recommendation 1.2:		MRL Corporate Governance Document:
A listed entity should:		∙ Board Nomination Committee Charter
(a) Undertake appropriate checks before		∙ Selection and Appointment of Director Procedure
appointing a director or senior executive		∙	Investor Engagement Policy
or putting someone forward for election		Compliant with ASX			Documents available	 On the Group's website
as a director; and		Recommendations

(b) Provide security holders with all material		Board Nomination Committee Charter:
information in its possession relevant to
	The purpose of the Board Nomination Committee, available on the Group's website, is to ensure the best
a decision on whether or not to elect or
	possible Directors are selected, appointed to the Board, and retained; and to plan and advise on appointment
re-elect a director.
	and succession for the Managing Director. In performing its role, the responsibilities of the Committee include,

		but are not limited to:

Board and Committee composition:

review and make recommendations to the Board on the appropriate size and membership of the Board and its Committees
assess and make recommendations to the Board on the appropriate mix of skills, experience, expertise and diversity required on the Board and each Committee, and regularly assess the extent to which they are represented on the Board or relevant Committee, and
make recommendations for the re-election of Directors, subject to the principle that a Committee member must not be involved in making recommendations to the Board in respect of themselves.

ASX Recommendations	How MRL satisfies the Recommendations
	Appointment, Election and Re-election of Directors
	∙ establish processes for the selection of suitable candidates for the appointment to the Board, including the
	setting of criteria by which Directors are appointed and re-elected
	∙ conduct searches, and make recommendations to the Board on candidates for appointment as Directors
	∙ make recommendations to the Board on candidates for appointment as Directors. Such recommendations
	should be consistent with maintaining an appropriate mix of skills, experience, expertise and diversity on
	the Board
	∙ determine the terms and conditions (excluding remuneration which is considered by the Remuneration
	Committee) on which Non-executive Directors are appointed and hold office
	∙ undertake appropriate checks before appointing a Director or putting forward to shareholders a candidate
	for election as a Director, including checks as to the person's character, experience, education, criminal
	record and bankruptcy history, and
	∙ make recommendations to the Board on the membership of the Board's standing committees and
	periodically conducting a review of the membership of the Board's standing committees.

Selection and Appointment of Director Procedure:

The Selection and Appointment of Director Procedure, available on the Group's website, sets out principles to guide the procedures for selection and appointment of Directors.

∙ the process and timetable for seeking Board appointments determined by the Board, subject to requirements of the Company's Constitution, ASX listing rule requirements and guidelines, and Australian corporate legislation

∙ a shortlist of candidates is prepared for the Board's consideration by the Nomination Committee and interview by the Board, and

∙ new appointments to the Board are made in accordance with the requirements of the Company's Constitution; Directors appointed in this way are required to offer themselves for election as a director by shareholders at the Company's next available Annual General Meeting.

Candidates are assessed on the following basis:

competencies and qualifications
contribution to the overall balance and composition of the Board, assessed against the Board Skills Matrix
time availability, including assessment of other roles that may impede the candidate's capacity to add value to the Company, and
depth of understanding of the role and legal obligations of a director.

ASX Recommendations	How MRL satisfies the Recommendations
	Investor Engagement Policy:
	The Investor Engagement Policy, available on the Group's website, notes that communication between the
	Company's management, the Board, shareholders, debt investors, the media and the broader investment
	community is encouraged, subject to compliance with the continuous disclosure obligations contained in the
	ASX Listing Rules, the Corporations Act 2001 (Cth), and the Company's Continuous Disclosure Policy.
	The Chairman, Managing Director, Head of Investor Relations and Company Secretary have primary
	responsibility for communication with investors.

Subject to the provisions of the Company's Continuous Disclosure Policy, information is communicated by way of:

periodic disclosure through annual reports, sustainability reports, half year financial reports and quarterly report of exploration, production and corporate activities
media and analyst calls with the Company's management following the release of half and full financial year information
site visits to the Company's operations, managed through the Investor Relations program
briefings with members of the domestic and international investment community to respond to shareholder and debt investor queries that may be raised in person, by phone, email or mail
periodic newsletters or letters from the Chairman or Managing Director
notices of meetings and explanatory material
the Annual General Meeting, and
the Company's website.

The Company places the full text of notices of meetings, such as the Annual General Meeting, and associated explanatory material, on the Company's website. Subject to voting restrictions that may apply under the ASX Listing Rules and the Corporations Act 2001 (Cth), Shareholders have the right to vote on all resolutions such as:

adoption of the Remuneration Report, and
director elections/re-elections and dismissals

ASX Recommendations

How MRL satisfies the Recommendations

Recommendation 1.3:

MRL Corporate Governance Document: Service Agreements

A listed entity should have a written

agreement

with

each

director and

senior

Compliant with ASX



Document available

 Directors' Report

executive setting out the terms of their

Recommendations

appointment.

Each director and executive defined as Key Management Personnel (KMP) has a written agreement outlining

the terms of their appointment. Key details are included in the Directors Report section of the Group's Annual

Report.

Recommendation 1.4:

MRL Corporate Governance Document: Board Charter

The company secretary of a listed entity

should be accountable directly to the board,

Compliant with ASX



Document

 On the Group's website

through the chair, on all matters to do with the

Recommendations

available

proper functioning of the board.

Board Charter:

The Board Charter, available on the Group's website, states that the Company Secretary is appointed by and

directly accountable to the Board, through the Chairman on all matters to do with the proper functioning of the

Board and Board Committees.

All Directors have equal access to the Company Secretary. In addition, the Company Secretary works in

conjunction with the Managing Director and senior executives to carry out the instructions of the Board and in

giving practical effect to the Board's decisions. The decision to appoint or remove a Company Secretary is made

by the Board.

Recommendation 1.5:

MRL Corporate Governance Document:

A listed entity should:

∙ Diversity and Inclusion Policy

(a) have and disclose a diversity policy;

∙ Board Remuneration Committee Charter

(b) through its board or a committee of the

board

set

measurable

objectives for

Compliant with ASX



Document

 On the Group's website

achieving gender diversity in the

Recommendations

available

composition

its

board,

senior

Diversity and Inclusion Policy:

executives and workforce generally;

The Company's Diversity and Inclusion Policy, available on the Group's website, aims to create and maintain a

period:

diverse and inclusive work environment. MRL commits to:

∙ foster diversity and inclusion at all levels of the organisation regardless of gender identity, nationality, marital

(1) the measurable objectives set for that

or family status, sexual orientation, age, disability or impairment, ethnicity, cultural background, religious

period to achieve gender diversity

beliefs, political conviction, union membership, socio-economic background, perspective and experience

		ASX Recommendations				How MRL satisfies the Recommendations
(2)	the	entity's	progress	towards		∙ provide a work environment that celebrates difference and is free from bullying, discrimination and
		achieving those objectives; and			harassment Attract, develop and retain employees from the widest possible pool of talent; ensuring that
(3)	either:								employment decisions at all levels are transparent, fair, free of conscious and unconscious bias, and based
		(A) the respective proportions of men		on role requirements, merit, skills and qualifications
			and women on the board, in		∙ respect the diversity of our customers, clients and stakeholders
			senior	executive positions	and		∙ foster a culture that embraces the benefits of diverse experiences and perspectives
			across	the	whole	organisation		∙ establish measurable objectives for diversity, and measure performance against these objectives
			(including how the entity as		∙ review progress in achieving measurable objectives for diversity and report performance in annual
			defined "senior	executive"	for		Sustainability Reporting and the annual Corporate Governance Statement, and
			these purposes); or
							∙ prohibit any form of retaliation, discrimination, harassment or intimidation against any person reporting, in
		(B)	if the	entity	is	a	"relevant
			good faith, a breach or suspected breach of this Policy.
			employer" under the Workplace

			Gender Equality Act, the entity's		Board Remuneration Committee Charter:
			most	recent "Gender	Equality
			Indicators",	as	defined in	and		The Company's Board Remuneration Committee Charter, available on the Group's website, includes diversity-
			published under that Act.
					related responsibilities to:

	If the entity was in the S&P / ASX 300 Index		∙ receive reports on the Company's gender pay equity position and actions to identify, eliminate and rectify
		any identified gaps, and
	at the commencement of the reporting period,
		∙ review and make recommendations to the Board on diversity within the Company, measurable objectives
	the measurable	objective	for	achieving
		for achieving diversity and progress against such objectives.
	gender diversity in the composition of its

	board should be to have not less than 30% of		Diversity and Inclusion Steering Committee and Program:
	its directors of each gender within a specified
	period.									MRL understands that developing a diverse and inclusive workplace brings many benefits to the business

										including improved talent attraction and retention, improved group performance and productivity, as well as
										enhanced internal, customer and stakeholder relationships. MRL's Diversity and Inclusion Program, steered by
										the Diversity & Inclusion Committee was established in FY19 and aims to oversee programs that provide equal
										opportunities for all employees across the Group.
										Measurable Objectives and Performance Disclosure:
										The Company is committed to providing measurable objectives and disclosing its performance against these
										measures. Examples include the following:

ASX Recommendations					How MRL satisfies the Recommendations
				Key Management Personnel - Short Term Incentive Plans
				As disclosed in the Company's Remuneration Report, the Short Term Incentive Plans for Key Management
				Personnel (KMP) includes, as a Key Performance Indicator (KPI) measure, a requirement for KMP to provide
				a harmonious and nurturing environment that will allow the Company's employees to reach their full potential.
				Objective measurement of this KPI for each individual KMP includes measuring the retention rate for key staff,
				innovation and gender diversity.
				Workplace Gender Equality Agency
				The Company submits an annual public report to the Workplace Gender Equality Agency, disclosing
				performance on gender equality indicators. This report covers a reporting period of 1 April to 31 March. This
				information is available in the annual public reports to the Workplace Gender Equality Agency.
				The Group has set a Board-approveddiversity-related target for overall female representation of 16.1%, based
				on the resource industry average using 2019 data for Metal Ore mining organisations, which have between
				1,000 and 4,999 employees sourced from the Workforce Gender Equality Agency. Performance against this
				measure, along with the Group's strategies and outcomes, are reported to the Board on a monthly basis.
				External reporting against this target will be included in the Company's FY20 annual Sustainability Report, due
				for release in October 2020.
				Board composition
				The Board is currently seeking the appointment of one to two additional non-executive directors, at least one of
				whom will be female. These appointments will ensure that close to 30% of the Board composition are females.

Recommendation 1.6:				MRL Corporate Governance Document: Performance Evaluation Practices Procedure
A listed entity should:
(a) have and disclose	a process	for		Compliant with ASX			Document	 On Group's website
periodically evaluating the performance		Recommendations		available

of the board, its	committees	and		Performance Evaluation Practices Procedure:
individual directors; and
		The Performance Evaluation Practices Procedure, available on the Group's website, states that as part of the

(b) disclose for each reporting period,		annual review of the performance of the Board of Mineral Resources Limited, the appropriate size, composition
whether a performance evaluation has		and terms and conditions of appointment to and retirement from the Board are considered. The level of
been undertaken in accordance with that		remuneration for Non−Executive Directors is considered with regard to practices of other public companies and
process during or in respect of that		the aggregate amount of fees approved by shareholders. The Board also reviews the appropriate criteria for
reporting period				Board membership collectively.
			11

ASX Recommendations

How MRL satisfies the Recommendations

Board

A process has been established to review and evaluate the performance of the Board. The Board is required to meet annually with the specific purpose of reviewing the role of the Board, assessing its performance over the previous 12 months, including comparison with others, and examining ways in which the Board can better perform its duties. The review will incorporate the performance of the Board.

The annual review includes consideration of the following measures:

comparison of the performance of the Board against the requirements of the Board Charter
assessment of the performance of the Board over the previous twelve months having regard to the corporate strategies, operating plans and the annual budget
review the Board's interaction with management
identification of any particular goals and objectives of the Board for the next year
review the type and timing of information provided to the Directors, and
identification of any necessary or desirable improvements to Board or Board Committee charters.

The method and scope of the performance evaluation will be set by the Board and may include a Board self−assessment checklist to be completed by each Director.

Committees

Similar procedures to those for the Board review are applied to evaluate the performance of each of the Board Committees. An assessment will be made of the performance of each Committee against each charter and areas identified where improvements can be made.

Non-Executive Directors

The Chairman has primary responsibility for conducting performance appraisals of Non−Executive Directors on an annual basis, having particular regard to:

contribution to Board discussion
degree of independence, including relevance of any conflicts of interest
availability for and attendance at Board meetings and other relevant events
contribution to Company strategy
membership of and contribution to any Board Committees, and
suitability to Board structure and composition.

ASX Recommendations	How MRL satisfies the Recommendations
	Where the Chairman, following a performance appraisal, considers that action must be taken in relation to a
	Non-Executive Director's performance, the Chairman must consult with the remainder of the Board on whether
	a Non-Executive Director should be counselled to resign, not seek re−election, or in exceptional circumstances,
	whether a resolution for the removal of a Non-Executive Director be put to shareholders.

	FY20 Performance Evaluation
	A formal evaluation of the performance of the Board, Audit & Risk Committee, Remuneration Committee, and
	Nominations Committee was undertaken in August 2020 by the Chairman.
	The annual review included consideration of the following measures:
	∙ comparison of the performance of the Board and Committees against the requirements of their respective
	Charters
	∙ assessment of the performance of the Board and Committees over the previous twelve months having
	regard to corporate strategies, operating plans and the annual budget
	∙ review of the Board and respective Committees' interaction with management
	∙ identification of any particular goals and objectives of the Board and Committees for the next year
	∙ review of the type and timing of information provided to the Directors and Committee members, and
	∙ identification of any necessary or desirable improvements to Board or Committee Charters.

Recommendation 1.7:	MRL Corporate Governance Document: Performance Evaluation Practices Procedure
A listed entity should:
(a) have and disclose a process for	Compliant with ASX		Document	 On the Group's website
evaluating the performance of senior	Recommendations	available

executives at least once every reporting	Performance Evaluation Practices Procedure:
period; and
	The Company's Performance Evaluation Practices Procedure, available on the Group's website, states the

disclose for each reporting period following: whether a performance evaluation has

been undertaken in accordance with that	Managing Director
process during or in respect of that	The Board Chairman and the Chairman of the Remuneration Committee review the performance of the
period.	Managing Director on an annual basis having regard to performance measures including:
	∙ financial measures of the Company's performance
	∙ the extent to which key operational goals and strategic objectives are achieved
	∙ development of management and staff
	∙ compliance with legal and regulatory requirements, and
	13

ASX Recommendations	How MRL satisfies the Recommendations
	∙ achievement of key performance indicators.
	Senior Executives
	The Managing Director is responsible for assessing performance of key executives within the Company on an
	ongoing basis. The basis of evaluation of senior executives will be on agreed performance measures.
	FY20 Performance Evaluation
	Outcomes of the FY20 Performance evaluation for the Managing Director and other Key Management
	Personnel is included in the Remuneration Report section of the Directors Report.

Principle 2 - Structure the Board to add value

Recommendation 2.1:

The board of a listed entity should:

have a nomination committee which:
1. has at least three members, a majority of whom are independent directors; and
2. is chaired by an independent director, and disclose:
3. the charter of the committee;
4. the members of the committee; and
5. as at the end of each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; or
if it does not have a nominations committee, disclose that fact and the processes it employs to address board succession issues and to ensure that the board has the appropriate balance of
skills, knowledge, experience, independence and diversity to enable it to discharge its duties and responsibilities effectively.

MRL Corporate Governance Document: Board Nomination Committee Charter

Compliant with ASX		Document	 On the Group's Website
Recommendations	available

Board Nomination Committee:

The Company's Board Nominations Committee is comprised of independent Non-Executive Directors, including:

Xi Xi: Independent Non-Executive Director (Chairman)
James McClements: Lead Independent Non-Executive Director
Kelvin Flynn: Independent Non-Executive Director

Board Nomination Committee Charter:

The Board Nomination Committee Charter, available on the Group's website, has been developed and approved by the Board of Mineral Resources Limited (the Board) to outline the processes used by the Committee in discharging its responsibilities. The Nomination Committee ensures the best possible Directors are selected, appointed to the Board, and retained as well as planning and advising on the appointment and succession of the Managing Director.

In performing its role, the responsibilities of the Committee include, but are not limited to:

Board and Committee composition

review and make recommendations to the Board on the appropriate size and membership of the Board and its Committees

ASX Recommendations	How MRL satisfies the Recommendations
	∙ assess and make recommendations to the Board on the appropriate mix of skills, experience, expertise and
	diversity required on the Board and each Committee, and regularly assess the extent to which they are
	represented on the Board or relevant Committee
	∙ make recommendations for the re-election of Directors, subject to the principle that a Committee member
	must not be involved in making recommendations to the Board in respect of themselves
	∙ review annually and make recommendations to the Board on the time required to be committed by Non-
	executive Directors, including a review of other commitments and the time involved in those commitments,
	and
	∙ make recommendations to the Board in relation to Board succession planning, including the succession of
	the Chairman and Committee chairs, to ensure maintenance of an appropriate mix of skills, experience,
	expertise and diversity on the Board.

Appointment, Election and Re-election of Directors

establish processes for the selection of suitable candidates for the appointment to the Board, including the setting of criteria by which Directors are appointed and re-elected
conduct searches, and make recommendations to the Board on candidates for appointment as Directors
make recommendations to the Board on candidates for appointment as Directors. Such recommendations should be consistent with maintaining an appropriate mix of skills, experience, expertise and diversity on the Board
determine the terms and conditions (excluding remuneration which is considered by the Remuneration Committee) on which Non-executive Directors are appointed and hold office
undertake appropriate checks before appointing a Director or putting forward to shareholders a candidate for election as a Director, including checks as to the person's character, experience, education, criminal record and bankruptcy history, and
make recommendations to the Board on the membership of the Board's standing committees and periodically conducting a review of the membership of the Board's standing committees.

Director induction and development

review the process for the induction and education of new Directors and any continuing education for existing Directors.

Director independence

monitor and undertake an annual assessment of and make a recommendation to the Board as to the independence of each Director and report the outcome of the assessment to the Board for inclusion in the annual report.

ASX Recommendations

How MRL satisfies the Recommendations

Appointment of the Managing Director and Managing Director succession planning

review succession plans for the Managing Director and his/her direct reports and review the selection of suitable candidates for the appointment of Managing Director and making recommendations to the Board, and
conduct searches, and make recommendations to the Board regarding the appointment and reappointment of the Managing Director's employment.

Performance

review its own performance and the fulfilment of its responsibilities at least annually as part of the Board
Chairman's evaluation process and report findings to the Board Chairman, and
assist the Board Chairman as required in relation to the performance evaluation of the Board, its committees and individual Directors, and in developing and implementing plans for identifying, assessing and enhancing Director competencies.

FY20 Financial Year Nominations Committee Meetings:

The number of meetings and attendance at each meeting is disclosed in the Directors' Report section of the

Group's Annual Financial Statements and Annual Report, which is available on the Group's website.

	ASX Recommendations			How MRL satisfies the Recommendations
Recommendation 2.2:		MRL Corporate Governance Document: Board Skills Matrix - set out below
A listed entity should have and disclose a
board skills matrix setting out the mix of skills		Compliant with ASX		Document
that the board currently has or is looking to			 Refer below
	Recommendations	available
achieve in its membership.

						
Recommendation 2.3:		MRL Corporate Governance Document: Directors' Report
A listed entity should disclose:
						 Directors' Report section of
(a)	the names of the directors considered		Compliant with ASX		Document	the Group's Annual Financial
by the board to be independent directors;			Statements and Annual Report,
	Recommendations	available
				which is available on the

(b)	if a director has an interest, position,					Group's website
affiliation or relationship of the type described		Company Directors:
in Box 2.3 but the board is of the opinion that
	The following directors are independent:
it does not compromise the independence of
the director, the nature of the interest, position		∙ James McClements: Lead Independent Non-Executive Director
or relationship in question and an explanation		∙ Kelvin Flynn: Independent Non-Executive Director
of why the board is of that opinion; and		∙ Xi Xi: Independent Non-Executive Director
(c)	the length of service of each director.		The remaining directors, who are not considered independent, include:

				17

ASX Recommendations		How MRL satisfies the Recommendations
	∙ Peter Wade, Non-Executive Chairman (considered not to be independent due to his previous role as
	Managing Director and Executive Chairman, a position he relinquished in November 2013), and
	∙ Chris Ellison (not independent due to his position as Managing Director).
	Each Director's skills, experience and expertise are relevant to the position of Director, and period of office of
	each Director in office at the date of this Report, is contained in the Directors' Report section of the Group's
	Annual Financial Statements and Annual Report, which is available on the Group's website.

Recommendation 2.4:	MRL Corporate Governance Document: Directors' Report
A majority of the board of a listed entity should
be independent directors.				 Directors' Report section of
	Compliant with ASX		Document	the Group's Annual Financial
			Statements and Annual Report,
	Recommendations	available
			which is available on the

				Group's website
	Board Composition:
	The majority of the Board are independent directors. This includes:
	∙ James McClements: Lead Independent Non-Executive Director
	∙ Kelvin Flynn: Independent Non-Executive Director
	∙ Xi Xi: Independent Non-Executive Director

The remaining directors, who are not considered independent, comprise Chris Ellison, not independent due to his position as Managing Director, and Peter Wade, not considered to be independent due to his previous role as Managing Director and Executive Chairman, a position he relinquished in November 2013.

	ASX Recommendations			How MRL satisfies the Recommendations
Recommendation 2.5:			MRL Corporate Governance Document: Directors' Report
The chair of the board of a listed entity should
be an independent director, and in particular,					 Directors' Report section of
should not be the same person as the CEO of		Compliant with ASX	X	Document	the Group's Annual Financial
the entity.					Statements and Annual Report,
				Recommendations	available
						which is available on the

							Group's website
					The Chairman of the Company, Peter Wade, is not considered to be independent, as until November 2013,
					Peter held the dual role of Executive Chairman and Managing Director of the Company. In November 2013
					Chris Ellison was appointed to the role of Managing Director and Peter Wade was appointed as the Non-
					Executive Chairman. The Board continues to consider Peter Wade the best person to lead the Board, drawing
					on his experience and proven leadership role within the Group and his broad experience in business over the
					last 45 years.
					James McClements has been appointed as the Lead Independent Non-executive Director to ensure that the
					best practice governance structure is in place for the Company.

Recommendation 2.6:			MRL Corporate Governance Document:
A listed entity should have a program for
	∙ Selection and Appointment of Director Procedure
inducting new directors and for periodically
reviewing whether there is a need for existing		∙ Board Nomination Committee Charter
directors	to	undertake	professional
development to maintain the skills and		Compliant with ASX		Document	 On the Group's website
knowledge needed to perform their role as		Recommendations		available
directors effectively.			Selection and Appointment of Director Procedure:

					The Company's Selection and Appointment of Director Procedure, available on the Group's website, outlines
					that when appointed to the Board, a new Director will receive an induction appropriate to their experience, to
					allow new Directors to participate fully in Board decision-making at the earliest opportunity, and to enable new
					Directors to gain an understanding of the Group's operating environment, financial, strategic, operational and
					risk management positions.
					The Board regularly reviews its composition, performance and working relationships to ensure that the Board
					continues to have the mix of skills and experience necessary for the conduct of the Group's activities.

						19

ASX Recommendations			How MRL satisfies the Recommendations
	Where deficiencies are identified, these are addressed either by seeking new appointments to the Board, or by
	arranging appropriate professional development for existing Board members.
	Board Nomination Committee Charter:
	The Nominations Committee Charter, available on the Group's website, includes the following related
	objectives:
	∙ assess and make recommendations to the Board on the appropriate mix of skills, experience, expertise and
	diversity required on the Board and each Committee, and regularly assess the extent to which they are
	represented on the Board or relevant Committee
	∙ make recommendations to the Board in relation to Board succession planning, including the succession of
	the Chairman and Committee chairs, to ensure maintenance of an appropriate mix of skills, experience,
	expertise and diversity on the Board, and
	∙ review the process for the induction and education of new Directors and any continuing education for existing
	Directors.

Principle 3 - Act ethically and responsibly

Recommendation 3.1: A listed entity should	MRL Corporate Governance Document: Group Website
articulate and disclose its values

	Compliant with ASX			Document available	 On the Group's website
	Recommendations
	The Company's Purpose, Vision and Values are listed on the Group's website.
	Our Purpose
	To provide innovative and low cost solutions across the mining infrastructure supply chain, by operating with
	integrity and respect, working in partnership with our clients, our customers, our people and the community.
	Our Vision
	To be recognised as one of the great Australian companies and a leading provider of innovative and sustainable
	mining services.

ASX Recommendations			How MRL satisfies the Recommendations
		Our Values
		One Team
		∙ the safety and wellbeing of our people is at the forefront of all that we do
		∙ we work together to achieve the best results for our people, clients and stakeholders, and
		∙ we care for, respect, and invest in our people, the environment and the communities in which we operate.
		High Performing
		∙ we achieve exceptional results through a disciplined and professional approach
		∙ we plan and take ownership of our areas of responsibility, and
		∙ we always deliver, and that sets us apart.
		Entrepreneurial
		∙ we empower our people to challenge the status quo and actively explore new ideas and opportunities
		∙ we look for better ways to mitigate risk, deliver on commitments, and create long term value, and
		∙ we recognise, support and harness the diverse talents of our people and partners.

Recommendation 3.2:		MRL Corporate Governance Document:
A listed entity should:		∙ Code of Conduct and Business Integrity
(a) have and disclose a code of conduct for		∙ Whistleblowing Service
its directors, senior executives and
employees; and		Compliant with ASX		Document	 On the Group's website
(b) ensure that the board or a committee of		Recommendations	available

the board is informed of any material		Code of Conduct and Business Integrity:
breaches of that code.
	The Group has a Code of Conduct and Business Integrity (the "Code") available on the Group's website, that

		defines the way the Group does business. It is based on the Group's values and represents its commitment to
		uphold the highest standards of ethics and integrity in its business practices. The Code applies to all employees,
		directors, officers and contractors, regardless of location or role.

ASX Recommendations		How MRL satisfies the Recommendations
	The Code covers a range of aspects including:
	∙ ensuring a safe workplace
	∙	fitness for work
	∙	respecting difference
	∙	human rights
	∙ native title and heritage
	∙	acting lawfully
	∙	bribery and corruption
	∙ gifts, hospitality and entertainment
	∙	conflicts of interest
	∙ fair and open competition
	∙	insider trading
	∙	privacy
	∙ government and international obligations
	∙	representing MRL, and
	∙ consequences of breaching the Code.

The Group prohibits any form of punishment, disciplinary or retaliatory action being taken against anyone for raising or helping to address a business conduct concern. Failure to comply with the Code is viewed as a serious matter that may lead to disciplinary action, including dismissal and/or legal action.

In FY20 an e-learning package on the Code of Conduct and Business Integrity was developed and implemented throughout the Group with the requirement that all employees and sub-contractors complete the e-learning assessment at least once every two years.

ASX Recommendations	How MRL satisfies the Recommendations
	Whistleblowing Service:
	MRL has established an independent external Whistleblowing service, MinRes Integrity Assist.

MinRes Integrity Assist is an avenue for Mineral Resources stakeholders to raise concerns of suspected or actual misconduct in the workplace. This service is provided by Deloitte and anonymous reports (if anonymity is desired) can be made using any of the following:

email: minresintegrity@deloitte.com.au
phone: 1800 951 300
fax: +61 3 961 8182
visit website: www.minresintegrity.deloitte.com.au
mail to postal address: MinRes Integrity Assist Reply paid 12628 A'Beckett Street Melbourne VIC 8006

All reports are monitored by the Company Secretary. Material breaches of the Code are reported to the Audit and Risk Committee and/or to the Board, depending on the nature of the breach.

Recommendation 3.3:	MRL Corporate Governance Document:
A listed entity should:	∙	Whistleblower Policy
(a) have and disclose a whistleblower policy;	∙	Whistleblower Procedure
and	∙	Whistleblowing Service
(b) ensure that the board or a committee of
the board is informed of any material	Compliant with ASX			Document	 On the Group's website
incidents reported under that policy.	Recommendations		available

	Whistleblower Policy:
	The Group has a Whistleblower Policy, available on the Group's website, which demonstrates the Company's
	commitment to promote a culture of ethical corporate behaviour. As part of this Policy, the Company commits
	to:

promote a culture of honest and ethical behaviour
provide internal and external channels through which a person who becomes aware of reportable conduct may report its occurrence
provide an external independent Whistleblowing service, MinRes Integrity Assist, to allow for reporting of reportable conduct

ASX Recommendations	How MRL satisfies the Recommendations
	∙ allow for anonymous reporting of reportable conduct
	∙ investigate all matters reported as soon as is practicable after the matter has been reported
	∙ protect whistleblowers and ensure confidentiality associated with matters of reportable conduct, and
	∙ take all reasonable steps to ensure that a Whistleblower is not subject to any form of victimisation,
	discrimination, harassment, demotion, dismissal or prejudice, as a result of having lodged a report.

Whistleblower Procedure:

The Whistleblower Policy is supported by a Whistleblower Procedure which outlines the processes by which stakeholders can report matters that they genuinely believe is in breach of MRL's Code of Conduct and Business Integrity, or is illegal.

Examples include:

actions that are dishonest, fraudulent or corrupt, including bribery or other activity in breach of the Bribery and Corruption provisions of the MRL Code of Conduct and Business Integrity
illegal activity such as theft, violence, harassment or intimidation, criminal damage to property or other breaches of state or federal law
unethical behaviour or behaviour in breach of MRL's policies such as dishonestly altering company records or data, adopting questionable accounting practices or wilfully breaching any of the Group's policies or procedures
potential injury, harm or damage to MRL stakeholders such as unsafe work practices, environmental damage, health risks or abuse of MRL's property or resources
abuse of authority
financial loss to MRL, damage to MRL's reputation or any other issue that may be detrimental to MRL's interests
harassment, discrimination, victimisation or bullying, or
any other kind of misconduct, observation or perception of an issue that may impact MRL in any of the areas outlined above.

Reportable Conduct may be reported through both internal and external reporting channels.

Refer to the response to Recommendation 3.2 above, for details of MRL's Whistleblowing Service.

ASX Recommendations		How MRL satisfies the Recommendations
Recommendation 3.4:	MRL Corporate Governance Document: Anti-Bribery and Corruption Policy
A listed entity should:
(a) have and disclose an anti-bribery and	Compliant with ASX		Document	 On the Group's website
corruption policy; and	Recommendations	available

(b) ensure that the board or a committee of	Anti-Bribery and Corruption Policy:
the board is informed of any material

breaches of that policy.	During the reporting period, the Company developed an Anti-Bribery and Corruption Policy, available on the

	Group's website, which outlines the Company's commitment to fair and legal business practices, anti-bribery
	and corruption.
	As part of this Policy the Company commits to:

comply with all relevant anti-bribery and anti-corruption laws and regulations
uphold appropriate controls around political donations and offering or accepting gifts, entertainment or hospitality
educating employees and stakeholders on the role they play in MRL's commitment to this Policy, and
prohibit any form of retaliation, discrimination, harassment or intimidation against any person reporting, in good faith, a breach or suspected breach, of this Policy.

The Company will not directly or indirectly:

offer, promise, pay, authorise, accept or request bribes of any form (including facilitation payments and secret commissions)
seek to improperly influence the decisions of a public official in any country
give or receive benefits, sponsored travel or inducement where the purpose of the provider is to improperly influence a decision or obtain an illegitimate commercial advantage, or
engage in any form of money laundering in connection with our business activities.

Any material incidents related to Bribery or Corruption will be reported to the Audit and Risk Committee and/or to the Board, depending on the nature of the breach.

ASX Recommendations

How MRL satisfies the Recommendations

Principle 4 - Safeguard integrity in financial reporting

Recommendation 4.1:

MRL Corporate Governance Document: Audit & Risk Committee Charter

The board of a listed entity should:

(a) have an audit committee which:

Compliant with ASX



Document available

 On the Group's website

Recommendations

(1)

has at least three members, all of

Audit & Risk Committee:

whom are non-executive directors

MRL has an Audit & Risk Committee which is a committee of the Board of the Company. During FY20,

and a majority of whom are

independent directors; and

membership of the Audit & Risk Committee was as follows:

(2) is chaired by an independent director,

∙ Kelvin Flynn: Independent Non-Executive Director (Chair)

who is not the chair of the board,

∙ James McClements: Lead Independent Non-Executive Director

and disclose:

∙ a third member is currently being sought as part of the review of the Board composition, with the Chairman,

Peter Wade, assisting as a member of the Committee in the interim.

(3) the charter of the committee;

Audit & Risk Committee Charter:

(4)

the

relevant

qualifications

and

experience of the members of the

The Audit & Risk Committee's Charter, available on the Group's website, sets out the Committee's purpose,

committee; and

composition, roles and responsibilities.

(5)

in relation

each reporting period,

the number of times the committee

The purpose of the Committee is to oversee the:

met throughout the period and the

∙ integrity of financial reporting, including the adequacy of financial risk management controls

individual

attendances

the

∙

accounting and reporting practices

members at those meetings; or

∙ adequacy of the processes for identifying and managing risk

(b) if it does not have an audit committee,

∙

internal audit function

∙

external audit function

disclose that fact and the processes it

∙

insurance framework

employs

that

independently

verify

and

∙ Company's treasury and capital management practices

safeguard

the

integrity of its

corporate

∙ Company's taxation practices, and

reporting, including the processes for the

∙ compliance with applicable legal and regulatory requirements and internal Code of Conduct and Business

appointment and removal of the external

Integrity, as requested by the Board.

auditor and the rotation of the audit

engagement partner.

Each Director's skills, experience and expertise relevant to the position of Director is contained in the Directors'

Report section of the Group's Annual Financial Statements and Annual Report, which is available on the Group's

website.

	ASX Recommendations			How MRL satisfies the Recommendations
						FY20 Audit & Risk Committee Meetings:
						The number of times that the committee met during the reporting period is contained in the Directors' Report
						section of the Group's Annual Financial Statements and Annual Report, which is available on the Group's
						website.

Recommendation 4.2:				MRL Corporate Governance Document:
The board of a listed entity should, before it		∙ Audit & Risk Committee Charter
approves the entity's financial statements for		∙ Directors' Declaration
a financial period, receive from its CEO and						 On Group's website and in
CFO a declaration that, in their opinion, the						the Directors' Declaration
financial	records of	the	entity	have been		Compliant with ASX				section of the Group's Annual
properly	maintained	and	that	the financial				Document available	Financial Statements and
	Recommendations
statements comply with the appropriate					Annual Report, which is

accounting standards and give a true and fair						available on the Group's
view of the financial position and performance						website
of the entity and that the opinion has been		Audit and Risk Committee Charter:
formed on the basis of a sound system of risk

management and internal control which is		The Audit and Risk Committee Charter, available on the Group's website, states that the Audit and Risk
operating effectively.					Committee has accounting and financial reporting responsibilities to:

review the appropriateness of significant accounting policies and practices of the Company, including management's interpretation of accounting standards
consider, and if thought fit, approve any material changes proposed to the Company's accounting interpretations
review half year and full year financial statements, and other related information, with management and the external auditor, to support the Committee's assessment as to the integrity of the financial statements and making the necessary recommendations to the Board, and
review the position taken by management on significant transactions and accounting issues and/or any unusual or highly judgemental matters.

ASX Recommendations			How MRL satisfies the Recommendations
	Audit & Risk Committee:
	The Audit & Risk Committee ensures that the Managing Director and Chief Financial Officer prepare a written
	statement to the Board certifying that the Group's annual and half yearly Financial Reports present a true and
	fair view, in all material respects, of the financial position of the Group as at the reporting date and its financial
	performance to the reporting date, and are in accordance with relevant accounting standards.
	The statement is presented to the Board prior to the approval and sign-off of the respective annual and half
	yearly Financial Reports.
	Confirmation is provided by the Managing Director and Chief Financial Officer that the assurance provided to
	the Board is founded on a sound system of risk management and internal control and that the system is
	considered to operate effectively in all material respects in relation to reporting financial risk.
	Where a periodic corporate report is not required to be audited or reviewed by an external auditor, the Company
	conducts a comprehensive internal verification process to ensure the integrity of the report, and to ensure that
	the content of the report is materially accurate, presents a balanced view and provides investors with appropriate
	information to make informed decisions.
	Directors' Declaration:
	The Directors' Declaration, included in the FY20 Financial Report, confirms that the Managing Director and
	Chief Financial Officer have provided the declarations required by section 295A of the Corporations Act 2001
	with regard to this financial period.

Recommendation 4.3:	MRL Corporate Governance Document:
A listed entity should disclose its process to	∙	Investor Engagement Policy
verify the integrity of any periodic corporate	∙	Continuous Disclosure Policy
report it releases to the market that is not
audited or reviewed by an external auditor.	Compliant with ASX			Document available	 On the Group's website
	Recommendations

	Investor Engagement Policy:
	The Company's Investor Engagement Policy, available on the Group's website, confirms that the Company's
	Annual and Sustainability Reports are the major written communications by which the Company communicates
	to investors each year. Investors are provided with annual and periodic reporting on these topics, as a minimum,
	in line with ASX and Australian Corporations' law reporting requirements.
		28

ASX Recommendations

How MRL satisfies the Recommendations

A representative from the Company's Auditor, usually the lead engagement partner, is present at the Annual General Meeting and to answer any questions regarding the conduct of the audit and the preparation and content of the auditors' report.

Continuous Disclosure Policy:

The Company's Continuous Disclosure Policy, available on the Group's website, states that the Managing

Director, Head of Investor Relations and Company Secretary have been appointed as the Company's

Disclosure Officers.

The Disclosure Officers are responsible for all communication with the ASX and the Managing Director is responsible for making decisions on what should be disclosed publicly under the Continuous Disclosure Policy. In the absence of the Managing Director, Head of Investor Relations and Company Secretary, any matters regarding disclosure issues are referred to the Chairman.

The Disclosure Officers will review all communications to the market to ensure that they are full and accurate and comply with the Company's obligations.

Such communications may include:

media releases
analyst, investor or other presentations
prospectuses, and
other corporate publications.

Principle 5 - Make timely and balanced disclosure

Recommendation 5.1:

A listed entity should have and disclose a written policy for complying with its continuous disclosure obligations under listing rule 3.1.

MRL Corporate Governance Document: Continuous Disclosure Policy

Compliant with ASX		Document available	 On the Group's website
Recommendations

Continuous Disclosure Policy:

The Continuous Disclosure Policy, available on the Group's website, demonstrates the Company's commitment to:

complying with the general and continuous disclosure principles contained in the Corporations Act and the ASX Listing rules

ASX Recommendations		How MRL satisfies the Recommendations
	∙ preventing the selective or inadvertent disclosure of material price sensitive information
	∙ ensuring shareholders and the market are provided with full and timely information about the Company's
		activities, and
	∙	ensuring that all market participants have equal opportunity to receive externally available information
		issued by the Company.

Disclosure officers:

The Managing Director, Head of Investor Relations and Company Secretary have been appointed as the

Company's Disclosure Officers responsible for implementing and administering the Company's Continuous

Disclosure Policy. The Disclosure Officers are responsible for all communication with the ASX and the Managing

Director is responsible for making decisions on what should be disclosed publicly under this policy.

In the absence of the Managing Director, Head of Investor Relations and Company Secretary, any matters regarding disclosure issues are to be referred to the Chairman.

Material information:

In accordance with the ASX Listing Rules, the Company must immediately notify the market via an announcement to the ASX once it becomes aware of any information concerning the Company which a reasonable person would expect to have a material effect on the price or value of the Company's securities (Material Information).

ASX announcements are placed on the Investors section of the Company's website as soon as practicable after the ASX confirms receipt and release of that information. The Company is required to disclose information, if asked to do so by the ASX, to correct or prevent a "false market" (defined by the ASX to be a situation where there is material misinformation or materially incomplete information in the market which is compromising proper price discovery).

As noted in the Company's Continuous Disclosure Policy, the Company is deemed to have become aware of information where a director or executive officer has, or ought to have, come into possession of the Material Information in the course of the performance of his duties as a director or executive officer.

ASX Recommendations

How MRL satisfies the Recommendations

The Company is aware that the Corporations Act's definition of a "material effect on price or value" is where a

reasonable person would be taken to expect information to have a material effect on the price or value of the

Company's securities if the information would, or would be likely to, influence persons who commonly invest in

securities in deciding whether to acquire or dispose of the securities.

Recommendation 5.2:

MRL Corporate Governance Document: Continuous Disclosure Policy

A listed entity should ensure that its board

Compliant

with

ASX

receives copies

of all

material market



Documents available

 On the Group's website

announcements promptly after they have

Recommendations

been made.

Continuous Disclosure Policy:

The Company's Continuous Disclosure Policy, available on the Group's website, notes that the Managing

Director, Head of Investor Relations and Company Secretary have been appointed as the Company's

Disclosure Officers. The Disclosure Officers review all communications to the market to ensure that they are full

and accurate and comply with the Company's obligations. Once the requirement to disclose information has

been determined, the Disclosure Officers or Chairman are the only persons authorised to release that

information to the ASX.

The Company Secretary, who reports to the Chairman, and the Chairman, as representative of the Board,

ensure that the board receives copies of all material market announcements after they have been released.

Recommendation 5.3:

MRL Corporate Governance Document:

A listed entity that gives a new and

∙

Continuous Disclosure Policy

substantive investor or analyst presentation

∙

Investor Engagement Policy

should release a

copy of

the presentation

Compliant

with

ASX

materials on the ASX Market Announcements



Documents available

 On the Group's website

Recommendations

Platform ahead of the presentation.

Continuous Disclosure Policy:

The Company's Continuous Disclosure Policy, available on the Group's website, states that any written

materials containing new price sensitive information to be used in briefing media, institutional investors and

analysts are lodged with ASX prior to the briefing commencing. Upon confirmation of receipt by ASX, the briefing

material is posted to the Company's website. Briefing materials may also include information that may not strictly

be required under continuous disclosure requirements.

ASX Recommendations	How MRL satisfies the Recommendations
	Investor Engagement Policy:
	The Company's Investor Engagement Policy, available on the Company's website, recognises the value of
	providing current and relevant information to its investors. Communication between the Company's
	management, the Board, shareholders, debt investors, the media and the broader investment community is
	encouraged, subject to compliance with the continuous disclosure obligations contained in the ASX Listing
	Rules, the Corporations Act 2001 (Cth), and the Company's Continuous Disclosure Policy.

Principle 6 - Respect the rights of security holders

Recommendation 6.1:

A listed entity should provide information about itself and its governance to investors via its website.

MRL Corporate Governance Document:

Continuous Disclosure Policy
Investor Engagement Policy

Compliant with ASX		Documents	 On the Group's website
Recommendations	available

Continuous Disclosure Policy and Investor Engagement Policy:

MRL has a Continuous Disclosure Policy and an Investor Engagement Policy which describes disclosure of information to investors. The Group's Continuous Disclosure Policy, available on the Group's website, defines the Managing Director, Head of Investor Relations and the Company Secretary as the Company's Disclosure Officers, who are responsible for all communication with ASX.

The Investor Engagement Policy, available on the Group's website, states that the Company recognises the value of providing current and relevant information to its investors. The Managing Director, Head of Investor Relations and Company Secretary have primary responsibility for communication with investors. The Company is committed to the promotion of investor confidence by ensuring that trading in the Company's securities takes place in an efficient, competitive and informed market.

Information is communicated through:

continuous disclosure to relevant securities markets of all material information
periodic disclosure through the annual reports, sustainability reports, half year financial reports and quarterly reporting of exploration, production and corporate activities

ASX Recommendations		How MRL satisfies the Recommendations
	∙ media and analyst calls with the Company's management following the release of half and full financial year
		information
	∙ site visits to operations, managed through the Investor Relations program
	∙ briefings with members of the domestic and international investment community, and responses to
		shareholder and debt investor queries that may be raised in person, by phone, email or mail
	∙ periodic newsletters or letters from the Chairman or Managing Director
	∙ notices of meetings and explanatory material
	∙ the Annual General Meeting, and
	∙	the Company's website.

Announcements lodged with the ASX are placed on the Group's website as soon as practicable after the ASX confirms receipt of that information. The Group places the full text of notices of shareholder meetings and explanatory material on the website.

The Company believes that communicating via electronic means, particularly through its website, is an efficient way of distributing information in a timely and convenient manner.

The Company's website includes;

an 'Investors' page that contains:
- ASX Releases
- Financial Reports including Annual Reports
- Quarterly Reports
- Full year and Half year results
- Corporate Directory, and
- the Investor Calendar.
an 'About us' section which includes:
- details of the Board of Directors
- Senior executives' details
- the Company's Strategy, Purpose, Vision and Values
- Corporate Governance information including Board and sub-committee Charters
- Governance Statements
- the Company's Codes of Conduct and Business Integrity
- Governance and Sustainability Policies, and
- the Company's Whistleblower Policy.

ASX Recommendations	How MRL satisfies the Recommendations
	∙ a 'News' page which contains latest news on the Company and a gallery of images of the Company's
	services and projects.

	All website information is frequently reviewed and updated to ensure that information is current, or appropriately
	dated and archived.
Recommendation 6.2:	MRL Corporate Governance Document: Investor Engagement Policy
A listed entity should have an investor
relations program that facilitates effective two-	Compliant with ASX		Document available	  On the Group's website
way communication with investors.	Recommendations

	Investor Engagement Policy:
	The Investor Engagement Policy, available on the Group's website, states that the Company recognises the
	value of providing current and relevant information to its investors.
	The Managing Director, Head of Investor Relations and Company Secretaries have primary responsibility for
	communication with shareholders.
	The Company is committed to the promotion of investor confidence by ensuring that trading in the Company's
	securities takes place in an efficient, competitive and informed market.
	The Head of Investor Relations oversees the Investor Relations program which gives investors direct access to
	Company management. This program includes:

continuous disclosure to relevant securities markets of all material information
periodic disclosure through the annual reports, sustainability reports, half year financial reports and quarterly reporting of exploration, production and corporate activities
media and analyst calls with the Company's management following the release of half and full financial year information
site visits to the Company's operations
briefings with members of the domestic and international investment community, and
responses to shareholder and debt investor queries that may be raised in person, by phone, email or mail.

ASX Recommendations		How MRL satisfies the Recommendations
Recommendation 6.3:	MRL Corporate Governance Document: Investor Engagement Policy
A listed entity should disclose how it facilitates
and encourages participation at meetings of	Compliant with ASX		Document available	 On the Group's website
security holders.	Recommendations

	Investor Engagement Policy:
	The Company recognises the rights of investors and encourages the effective exercise of those rights through
	the following means:

notices of meetings are distributed to shareholders in accordance with the provisions of the Corporations Act, 2001 (Cth). The Company places the full text of notices of meetings, such as the Annual General
Meeting, and associated explanatory material, on the Company's website
notices of meetings and other meeting material are drafted in concise and clear language
shareholders are encouraged to use their attendance at meetings to ask questions on any relevant matter, with time being specifically set aside for shareholder questions
notices of meetings encourage participation in voting on proposed resolutions by lodgement of proxies, if shareholders are unable to attend the meeting
a presentation on the Company's activities is made to shareholders at each Annual General Meeting, and
a representative from the Company's Auditor, usually the lead engagement partner, is present at the Annual
General Meeting and to answer any questions regarding the conduct of the audit and the preparation and content of the auditors' report.

Recommendation 6.4:	MRL Corporate Governance Document: Notice of Meetings
A listed entity should ensure that all
substantive resolutions at a meeting of	Compliant with ASX		Document available	 On the Group's website
security holders are decided by a poll rather	Recommendations

than a show of hands.	Shareholders are able to vote on resolutions via the Share Registry platform, or by submitting proxy forms as
	outlined in the Notice of Meeting.
	Voting at meetings of shareholders is performed on individual electronic voting devices assigned to
	shareholders before the commencement of meeting. The electronic voting devices contain individual
	shareholder details, number of eligible shares that are able to be voted, and records the shareholders' vote.
	These voting devices are managed by the Company's share registry advisor, Computershare.

ASX Recommendations		How MRL satisfies the Recommendations
Recommendation 6.5:	MRL Corporate Governance Document: Investor Engagement Policy
A listed entity should give security holders the
option to receive communications from, and	Compliant with ASX		Document available	 On the Group's website
send communications to, the entity and its	Recommendations

security registry electronically.	The Company's website contains a "Contact" section that enables questions relating to the Company to be
	lodged with the Company. Responses are tracked to ensure appropriate consideration is provided to all queries
	and communication with the Company.

Investor Engagement Policy:

As per the Company's Investor Engagement Policy, available on the Group's website, the Company believes that communicating via by electronic means, particularly through its website, is an efficient way of distributing information in a timely and convenient manner.

The Company's website is updated with material released to the ASX as soon as practicable after confirmation of release by the ASX. Website information is continuously reviewed and updated to ensure that information is current, or appropriately dated and archived. The Company places the full text of notices of meetings, such as the Annual General Meeting, and associated explanatory material, on the Company's website.

Principle 7 - Recognise and manage risk

Recommendation 7.1:	MRL Corporate Governance Documents:
The board of a listed entity should:	∙ Risk Management and Internal Compliance and Control
(a) have a committee or committees to	∙ Audit & Risk Committee Charter

oversee risk, each of which:	Compliant with ASX		Documents	 On the Group's website
	Recommendations	available

(1) has at least three members, a	Audit & Risk Committee:
majority of whom are independent

directors; and	MRL has an Audit & Risk Committee which is a committee of the Board of the Company. During FY20,
	membership of the Audit & Risk Committee was as follows:
(2) is chaired by an independent	∙ Kelvin Flynn: Independent Non-Executive Director (Chair)
director.	∙ James McClements: Lead Independent Non-Executive Director

	36

ASX Recommendations		How MRL satisfies the Recommendations
and disclose:		∙ a third member is currently being sought as part of the review of the Board composition, with the Chairman,
(3) the charter of the committee;		Peter Wade, assisting as a member of the Committee in the interim.

(4) the members of the committee;	Audit & Risk Committee Charter:

and			The Audit & Risk Committee Charter, available on the Group's website, sets out the Audit & Risk Committee's
(5) as at the end of each reporting	purpose, composition, roles and responsibilities and information on meetings.

period, the number of times the	The purpose of the Committee is to oversee the:
committee met throughout the period	∙ integrity of financial reporting (including the adequacy of financial risk management controls)
and the individual attendances of the	∙	accounting and reporting practices
members of the members at those	∙ adequacy of the processes for identifying and managing risk generally
meetings; or		∙	internal audit function
(b) if it does not have a risk committee or	∙	external audit function
∙	insurance framework
committees that satisfy (a) above, disclose	∙ treasury and capital management practices
that fact and the processes it employs for	∙	taxation practices, and
overseeing the entity's risk management	∙ compliance with applicable legal and regulatory requirements and internal Code of Conduct and Business
framework.				Integrity, as requested by the Board.
			FY20 Audit & Risk Committee Meetings:
			The number of times that the Audit & Risk Committee met during the reporting period is contained in the
			Directors' Report section of the Group's Annual Financial Statements and Annual Report, which is available on
			the Group's website.
			Risk Management, Internal Compliance and Control Policy
			The Company has a Risk Management, Internal Compliance and Control Policy that describes the process of
			risk management internal compliance and control. A copy of this policy is available on the Group's website.

Recommendation 7.2:		MRL Corporate Governance Documents:
The board or a committee of the board should:	∙ Audit & Risk Committee Charter
(a) review the	entity's	risk management	∙ Risk Management and Internal Compliance and Control
framework	at least	annually to satisfy	∙	Board Charter
				37

ASX Recommendations				How MRL satisfies the Recommendations
itself that it continues to be sound and
that the entity is operating	with due		Compliant with ASX		Documents	 On the Group's website
regard to the risk appetite set by the		Recommendations	available

board; and			The Audit and Risk Committee Charter:
(b) disclose, in relation to each	reporting
	The Audit & Risk Committee Charter, available on the Group's website, states that the Audit and Risk Committee
period, whether such a review has taken
place.			is responsible for the following with respect to risk management:

assist the Board in reviewing the principal risks facing the Company, including those that threaten the Company's business model, future performance, solvency or liquidity
oversee management's design and implementation of the Company's risk management framework and review that framework at least annually to satisfy itself that it continues to be sound
review and make recommendations to the Board in relation to any incident involving fraud or other breakdown of the Company's internal controls
review the insurance strategy and determine the extent to which it aligns with the Company's risk tolerance
review the organisational structure of the Company to ensure the Company has available and uses appropriate resources and processes to eliminate or minimise sustainability risks (environmental and social risks including health and safety and community) from work carried out as part of the Company's business, and
review investigations of major environmental and social risks (including health and safety and community) incidents within the Company, as well as compliance standards and provide appropriate recommendations for change to the Board.

Risk Management, Internal Compliance and Control Policy:

The Risk Management, Internal Compliance and Control Policy, available on the Group's website, confirms that management, under the guidance of the Board and the Audit & Risk Committee, determines the Company's risk profile and is responsible for overseeing and approving risk management strategy and policies, internal compliance and internal control.

The Board, via the Audit and Risk Committee, oversees an ongoing assessment of the effectiveness of risk management, internal compliance and control.

Board Charter:

The Board, as per the Board Charter available on the Group's website, is responsible to approve, review, ratify and monitor the systems of risk management and internal control, codes of conduct and legal compliance.

ASX Recommendations				How MRL satisfies the Recommendations
Recommendation 7.3:			MRL Corporate Governance Documents:
A listed entity should disclose:			∙ Audit & Risk Committee Charter
(a) if it has an internal audit function, how the		∙ Risk Management and Internal Compliance and Control Policy
function is structured and what role it		∙ Via Independent Expert Reports
performs; or				∙ Via Risk Surveyor Reports
(b) if it does not	have an internal	audit
function, that fact and the processes it		Compliant with ASX			Documents	 On the Group's website
employs for evaluating and continually		Recommendations		available

improving the effectiveness of its		The Company subcontracts internal audit reviews to appropriately experienced consulting and accounting firms.
governance,	risk management	and		Areas of focus for internal audit reviews are periodically selected based on risk assessments.
internal control processes.
				Procedures for continually improving both risk management and internal control processes are managed by the
				Group as follows:

Risk Management, Internal Compliance and Control Policy

The Risk Management Internal Compliance and Control Policy, available on the Group's website, defines the company's process of risk management, compliance and control as follows:

establishing the Company's risk management goals and objectives, and implementing and monitoring strategies and policies to achieve these goals and objectives
continuously identifying and reacting to risks that might impact upon the achievement of the Company's risk management goals and objectives, and monitoring the environment for emerging factors and trends that affect these risks
formulating risk management strategies to manage identified risks and designing and implementing appropriate risk management policies and internal controls, and
monitoring the performance of, and continuously improving the effectiveness of, risk management systems and internal compliance and controls, including an ongoing assessment of the effectiveness of risk management and internal compliance and control.

ASX Recommendations	How MRL satisfies the Recommendations
	Audit and Risk Committee Charter

The Charter of the Audit & Risk Committee, available on the Group's website, defines responsibilities for the

Committee including overseeing the:

integrity of financial reporting, including the adequacy of financial risk management controls
accounting and reporting practices
adequacy of the processes for identifying and managing risk generally
internal audit function
external audit function
insurance framework
treasury and capital management practices
taxation practices, and
compliance with applicable legal and regulatory requirements and internal Code of Conduct and Business Integrity, as requested by the Board.

Via Independent Expert Reports:

Where an item has a material impact on the accuracy and reliability of financial performance to, and financial position as at, a period end (e.g. resource stockpiles) independent experts are commissioned to assess quantities included in carrying value calculations. Variances are thoroughly investigated and where deficiencies are identified, appropriate amendments made to measuring processes/systems.

Risks associated with IT system changes are managed by ensuring independent experts are commissioned to review change processes and to provide a report to executives on the adequacy and efficacy of internal controls inherent in the new systems, as well as to verify that all risks associated with transition from previous to new systems have been appropriately managed.

Via Risk Surveyor Reports:

The Group arranges major comprehensive property and project risk review through its insurance brokers. These risk reviews are conducted by independent risk management companies, who provide a report to management on site based risks, associated control risks and where appropriate, the adequacy of insurance. Risks are graded, logged and followed up by periodic reports on remedial actions to the Chief Executives and the Chief Financial Officer until closed out.

ASX Recommendations

How MRL satisfies the Recommendations

Recommendation 7.4:

MRL Corporate Governance Documents:

A listed entity should disclose whether it has

∙

Sustainability Reports

any material exposure to economic,

∙

Sustainability Policy

environmental or social risks and, if it does,

how it manages or intends to manage those

Compliant with

ASX



Documents

 On the Group's website

risks.

Recommendations

available

Sustainability Reporting

FY20 is the third year that the Company will report on the Group's sustainability performance, following the

inaugural FY18 Environmental, Social and Governance (ESG) Report and the FY19 Sustainability Report.

The FY20 Sustainability Report is being prepared in accordance with the Global Reporting Initiative (GRI)

Standards: Core option and will include external assurance over selected sustainability performance

indicators.

Material sustainability topics, which represent material economic, environmental and social risks and

opportunities that influence the Company's ability to create and sustain value include:

Theme

Material Sustainability Topic

Health and Safety

Maintaining a safe working environment that promotes health and wellbeing

People

Attracting and retaining talent while developing a diverse, inclusive and fair workplace

Environment

Managing environmental impacts and enhancing resource efficiency

Social

Developing and maintaining strong community and stakeholder relationships

Climate Change

Understanding and managing our climate-related obligations, risks and opportunities

under a changing climate

Business Ethics

Conducting our business with ethics and integrity

and Integrity

The FY20 Sustainability Report is currently undergoing independent assurance by a leading external assurance

provider and will be released to the market, along with the Group's Annual Report, in October 2020.

		ASX Recommendations			How MRL satisfies the Recommendations
				Sustainability Policy
				In FY20, the Company released a Sustainability Policy, available on the Group's website, to outline the
				Company's commitment to sustainability risk and opportunity identification, management, performance
				measurement and reporting. As part of this Policy, the Company commits to:
				∙ comply with all legislative requirements
				∙ review material sustainability risks and opportunities on a regular basis to identify issues that may affect the
				Company's ability to create and sustain value in the short, medium and long-term
				∙ manage material sustainability topics, to maximise positive social and environmental outcomes while
				delivering value for the business
				∙ progressively develop clear, achievable and measurable sustainability performance targets
				∙ measure sustainability performance through key sustainability performance metrics and strive to
				continuously improve sustainability performance
				∙ report on sustainability performance through an annual Sustainability Report and supplementary
				disclosures, and
				∙ obtain independent external assurance over selected sustainability performance data.

	Principle 8 - Remunerate fairly and responsibly

	Recommendation 8.1:		MRL Corporate Governance Documents: Board Remuneration Committee Charter
	The board of a listed entity should:
	(a) have a remuneration committee which:						 Via Directors' Report and
(1)	has at least three members, a						Remuneration Report section
		majority of whom are independent		Compliant with ASX		Documents		of the Group's Annual
		directors; and				Financial Statements and
			Recommendations	available
(2)	is chaired by an independent				Annual Report, which is

		director,						available on the Group's
								website on the Group website
	and disclose:		Remuneration Committee:

	(3) the charter of the committee;		MRL has a Remuneration Committee that is composed of Non-Executive Directors, one of whom is appointed
	(4) the members of the committee; and		the Committee Chair.

as at the end of each reporting

period, the number of times the	During FY20, membership of the Remuneration Committee was as follows:
committee	met	throughout the	∙	James McClements, Independent Non-Executive Director (Chair)
period	and	the	individual	∙	Kelvin Flynn, Independent Non-Executive Director, and
					42

ASX Recommendations		How MRL satisfies the Recommendations
attendances of the members at	∙ a third member is currently being sought as part of the review of the Board composition, with the Chairman,
those meetings; or	Peter Wade, assisting as a member of the Committee in the interim
(b) if it does not have a remuneration	Board Remuneration Committee Charter:
committee, disclose that fact and the

processes it employs for setting the level	The Board Remuneration Committee Charter, available on the Group's website, sets out the Committee's role
and composition of remuneration for	and responsibilities and provides it with the resources and authority required to discharge these duties. The
directors and senior executives and	Charter includes details of the Committee's composition, structure, membership requirements and processes
ensuring that such remuneration is	and procedures approved by the Board, reflecting the Company's industry, objectives and culture.
appropriate and not excessive.
	FY20 Remuneration Committee Meetings:
	The number of meetings and attendance at each meeting is disclosed in the Directors' Report section of the
	Group's Annual Financial Statements and Annual Report, which is available on the Group's website.

Recommendation 8.2:	MRL Corporate Governance Documents: Remuneration Report included in Group's Annual Financial
A listed entity should separately disclose its	Statements and Annual Report
policies and practices regarding the				 Via Remuneration Report
remuneration of non-executive directors and				section of the Group's Annual
the remuneration of executive directors and	Compliant with ASX		Documents	Financial Statements and
other senior executives.	Recommendations	available	Annual Report, which is

				available on the Group's
				website on the Group website
	Details of Non-Executive Director and Key Management Personnel remuneration policies and practices are
	provided in the Remuneration Report, a section of Annual Financial Statements and Annual Report, available
	on the Company's website. This is audited by the Company's external auditors.

ASX Recommendations	How MRL satisfies the Recommendations
Recommendation 8.3:	MRL Corporate Governance Documents:
A listed entity which has an equity-based	∙ Remuneration Report - included in the Group's Annual Financial Statements and Annual Report,
remuneration scheme should:	which is available on the Group's website

the Equity Incentive Plan Rules that are made available to Plan participants on the Company's

(a) have a policy on whether participants are	Intranet, and
permitted to enter into transactions	∙ the Company's Securities Trading Policy.
(whether through the use of derivatives or
otherwise) which limits the economic risk				 Via Remuneration Report
of participating in the scheme; and				section of the Group's Annual
	Compliant with ASX		Documents	Financial Statements and
(b) disclose that policy or a summary of it.		Annual Report, and Securities
Recommendations	available
		Trading Policy which is

				available on the Group's
				website

The Company's remuneration framework consists of two elements:

Fixed remuneration such as salary payments, superannuation and other fixed benefits
At-riskremuneration:

Short-TermIncentive (STI) based on a performance period of 12 months, a portion of which is paid in cash and the balance of which is paid in Company Shares over the following two financial years,

and

Long-TermIncentive (LTI) which is paid in Company Shares depending on Company performance over a total period of 4 years.

Details and entitlements under the STI and LTI are included in the Remuneration Report section of the Annual Financial Statements and Annual Report (available on the Company's website) and is audited by the Company's external auditors.

The Equity Incentive Plan Rules (Plan Rules) prohibits participants from entering into transactions, whether through the use of derivatives or otherwise, which limit the economic risk of participating in the schemes.

Information on the Plan Rules is provided to STI and LTI participants via their award letters when awarding equity based remuneration via the STI and LTI schemes, and participants are required to acknowledge their acceptance of the Plan Rules on receipt of their STI and LTI awards.

ASX Recommendations	How MRL satisfies the Recommendations
	Plan Rules are available on the Company's Intranet for reference by any STI or LTI participant on an ongoing
	basis.
	The Securities Trading Policy, available on the Group's website, imposes general trading restrictions on all
	Directors, employees, contractors and consultants of the Company and its subsidiaries who possess Inside
	Information (i.e. an intimate knowledge or material non-public/privileged information on the affairs, operations,
	or financial position of the Company that a reasonable person would consider likely to affect the market price of
	the Company's shares).
	Additional trading restrictions are imposed on Key Management Personnel (a "Restricted Person") being those
	persons having authority and responsibility for planning, directing and controlling the activities of the Company,
	including Directors of the Company, whether executive or otherwise.

Recommendations 9.1; 9.2 and 9.3 do not apply to the Company.

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Mineral Resources Limited published this content on 19 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 22:31:13 UTC

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JPMorgan Downgrades Mineral Resources to Neutral from Overweight, Price Target is AU$74	Apr. 04	MT
FTSE 100 Closes Up 0.17%	Mar. 26	DJ
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Australia's Mineral Resources to develop a lithium processing hub	Mar. 17	RE
Australia considers tax credit for minerals processing, says industry group	Feb. 28	RE
Mineral Resources Shares Up 3%; Reports 7% Rise in H1 FY24 Revenue, Profit Jumps	Feb. 21	MT
Mineral Resources Reports 7% Rise in H1 FY24 Revenue, Profit Jumps	Feb. 21	MT
Mineral Resources Limited Declares Fully Franked Dividend for the First Half of Fiscal Year 2024	Feb. 21	CI
Transcript : Mineral Resources Limited, H1 2024 Earnings Call, Feb 22, 2024	Feb. 21
Mineral Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 21	CI

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Company Profile

Mineral Resources Ltd is an Australia-based diversified resources company. The Company operates through six segments: Mining Services, Iron Ore, Lithium, Energy, Other Commodities, and Central. Mining Services division provides full pit-to-port solutions. The Companyâs subsidiary, Crushing Mining Services (CSI), provides crushing, screening and processing solutions for the mining companies. The Company operates three iron ore hubs across Western Australia in the Yilgarn, Pilbara and Ashburton regions. Its three iron ore hubs include Onslow Iron, Yilgarn Hub, and Pilbara Hub. The Company owns two hard rock lithium mines in Western Australia, which are Mt Marion in the Goldfields region, and Wodgina in the Pilbara region. The Mt Marion lithium is located approximately 40 kilometers (km) south-west of Kalgoorlie, Western Australia. The Wodgina lithium is located 120km south of Port Hedland in the Pilbara region of Western Australia. Energy segment includes two wells in the Perth Basin.

Sector

Diversified Mining

Calendar

2024-07-25 - June 2024 Sales and Revenue Release - Activities Report

Related indices

S&P/ASX 200

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Ratings for Mineral Resources Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

79.49 AUD

Average target price

71.6 AUD

Spread / Average Target

-9.92%

Consensus

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Integrated Mining

Mineral Resources Limited

Equities

MIN

AU000000MIN4

Diversified Mining

Mineral Resources : 19/08/2020 Corporate Governance Statement

EPS Revisions