BUZZ-Jefferies optimistic about Aussie miner MinRes's Onslow iron ore project

Reuters
2025/06/03
BUZZ-Jefferies optimistic about Aussie miner MinRes's Onslow iron ore project

** Jefferies says its site visit to Mineral Resources' MIN.AX Onslow iron ore project in Western Australia showed path to improved company-level cash flows

** Brokerage says early-stage risks around discount pricing, logistics and funding complexity remain, but MinRes has shown signs of delivering nameplate capability, or intended full-load sustained output of a mine

** Jefferies sees the iron ore project asset transitioning to earnings contributor over FY26, offering upside through margin capture and potential stage 2 expansion

** Brokerage rates stock "buy" with A$25 PT

** 7 of 14 analysts rate the stock "buy" or higher, 4 "hold" and 3 "sell" or lower; median PT A$25.35 - according to data compiled by LSEG

** Stock down 42.8% YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))

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