Mineral Resources ramps up Lamb Creek: what it means for Mineral Resources stock

Mineral Resources (ISIN AU000000MIN4) is ramping up the Lamb Creek iron ore project after completing major construction on October 6, 2026, according to Mineral Resources. The open-pit mine has capacity of 7.00 million tonnes per year and is expected to extend the Pilbara Hub production profile by more than 5 years.

What Lamb Creek means for output

CSI Mining Services is progressing mining, processing and haulage at Lamb Creek, which lies 50 kilometers from MinRes' Iron Valley operation. The new mine will help blend ore from both sites for export through Port Hedland, linking the project directly to the existing Pilbara supply chain.

The development also tests MinRes' in-house construction model. The company broke ground in December 2025 and achieved first ore on ship 3 months later, while the fixed crushing plant, village and access road were delivered for operations.

Mining Services sets the benchmark

In fiscal 2026, the Mining Services division recorded 341.00 million tonnes of production, up 22.00 percent from fiscal 2025, and underlying EBITDA of AUD 976.00 million, according to Mineral Resources. Onslow Iron reached and sustained nameplate capacity of 35.00 million tonnes per year, while shipments reached 34.10 million tonnes in the period.

Yahoo Finance reported that fiscal 2026 revenue reached AUD 6.50 billion, up 44.00 percent, while underlying EBITDA rose 183.00 percent to AUD 2.60 billion. Management also guided fiscal 2027 Mining Services production to 370.00 million to 390.00 million tonnes, a 9.00 percent to 14.00 percent increase from the fiscal 2026 record.

Next earnings date approaches

MarketScreener lists October 22, 2026 as the next earnings release date. That update will show whether Lamb Creek and the wider Pilbara Hub are translating construction completion into the fiscal 2027 volume outlook.

Prior close remains the reference

The prior close at Lang & Schwarz was EUR 31.90 on October 5, 2026. The continuously updated real-time quote of Mineral Resources stock.

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