Mineral Resources Limited (MinRes) has announced a significant milestone in its Onslow Iron project, marking a transformative step in the Australian iron ore industry. The project, which had faced high capital costs and logistical challenges, has now progressed with successful pre-feasibility studies and a Final Investment Decision $(FID.AU)$ announced in August 2022. MinRes has leveraged its in-house expertise and innovative approach to unlock the potential of what were considered stranded assets in the West Pilbara region. A dedicated private haul road plays a critical role in linking mining operations at Ken's Bore to the Port of Ashburton, facilitating ore transport. In June 2024, MinRes entered into a binding agreement with Morgan Stanley Infrastructure Partners to sell a 49% stake in the haul road for up to $1.3 billion, a move endorsed by the Foreign Investment Review Board. This transaction underscores the project's world-class credentials and highlights MinRes' ability to unlock significant capital, with the first ore shipped ahead of schedule.