Mineral Resources Limited
2025 SUSTAINABILITY REPORT
The 2025 Sustainability Report is a summary of Mineral Resources Limited’s material sustainability topics and performance for the financial year ended 30 June 2025 (FY25).
AcknowledgemenT
OF COUNTRY
MinRes is committed to reconciliation and recognises and respects the significance of Aboriginal and Torres Strait Islander People’s communities, cultures and histories.
We acknowledge Aboriginal and Torres Strait Islander People as the first and continuing custodians of the land and waters and in doing so pay respect to Elders past and present. We extend this acknowledgement and respect to indigenous people and communities globally.
MinRes is proud to work on Aboriginal Country and alongside Traditional Owners. We remain dedicated to listening, learning and working together with Aboriginal People to build a positive future for generations to come.
We're focused on sustainable growth through reliable and well-managed projects that create lasting value for our stakeholders.
More information on MinRes' business performance is available in our 2025 Annual Report.
SUSTAINABILITY COMMITTEE CHAIR LETTER
"On behalf of the board and sustainability committee, I am pleased to present MinRes' Sustainability Report for the 2025 financial year."
Lawrie Tremaine | Sustainability Committee Chair
It is a privilege to have joined MinRes and to serve as Chair of the Sustainability Committee. I recognise the challenges our business and the broader resources industry has faced over the past year and, with this in mind, I reaffirm our commitment to operating ethically and sustainably.
As a proud Western Australian company, we recognise the unique landscapes and communities in which we operate. By communicating our performance transparently, we hold ourselves accountable while continually seeking ways to improve and reduce our impact on the environment and communities that host us.
This year, we realigned our approach to the way we do business with a refreshed set of values and a clear vision. Together, we’re focused on behaviours that grow our culture and shape positive relationships between our employees, shareholders, clients and partners. We’re committed to realising our vision of being a global leader in innovative resource project design, delivery and operation by embodying our values of care, unity, agility, integrity and courage.
We continue to consider our people instrumental to our success. Despite a reduction in our overall workforce due to changing market conditions and sites entering care and maintenance, we continue to implement initiatives to support our people and improve health, wellbeing and safety.
Our
Sustainability
Approach
MinRes’ sustainability reporting is guided by several voluntary initiatives, memberships, standards and goals to ensure comprehensive and transparent disclosure of our sustainability performance. Refer to each initiative’s index in our 2025 Sustainability Performance Tables.
OUR FUTURE DISCLOSURE COMMITMENTS
Australian Sustainability Reporting Standards (ASRS)
MinRes will report in accordance with the Australian Accounting Standards Board’s (AASB) newly issued AASB S2 Climate-related Disclosures (AASB S2 or S2).
In preparation, MinRes is working on a project plan to further understand the impact of climate on MinRes’ strategy, strengthen our climate-related governance, integrate climate-related risks and opportunities into business-as-usual processes, and increase the maturity of our data and systems.
In support of this project plan, a working group and steering committee comprised of senior leadership from across the business has been established to provide ongoing feedback and review.
Senior leadership, including chief executives, have attended capability uplift sessions to increase the level of climate knowledge across the business.
MinRes is currently undergoing a pre-assurance program with the company’s external auditor to assist with identifying any further gaps that may need to be addressed across FY26.
Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures (TNFD) outlines recommendations that encourage and enable businesses to assess and report on their nature-related dependencies, impacts, risks and opportunities. MinRes continues to work towards alignment with the TNFD framework. Refer to Biodiversity for further information.
Our ESG performance
We engage with top-tier organisations that assess our performance, such as MSCI, Sustainalytics, ISS, and FTSE Russell, based on publicly available information.
MinRes’ assessment with all ESG ratings demonstrated consistent improvement or maintenance throughout the year.
our awards and recognition
Workplace Wellness Award
At the Australian Institute of Management’s 2024 WA Pinnacle Awards, MinRes received the Workplace Wellbeing Excellence award in recognition of our wellbeing program and initiatives including our Next Level gym facility and on-site mental health support. We nominated our long-term partner, Lifeline WA, to receive the $20,000 training prize accompanying this award.
Indigenous Engagement Award
Aboriginal mine rehabilitation and earthworks service provider Buru Rehab took home the Indigenous and Community Engagement Award at the 2024 Australian Mining Prospect Awards. Buru Rehab was recognised for its partnership with MinRes, providing road maintenance and civil works at the Wodgina lithium operation.
Outstanding Mine Performance Award
MinRes was awarded for our achievements at our Wodgina and Mt Marion mine sites. The Australian Mining Prospect Awards recognised these operations are key to Australia’s growing lithium sector and have set new benchmarks in performance and growth.
Community Contribution Award
The Association of Mining and Exploration Companies Awards recognised MinRes for its contribution and partnership with the McGovern Foundation. The partnership enables the McGovern Foundation’s Wanderer Program to support community members to obtain their driver’s licence.
Training and Information - Communication Award
MinRes’ Safe and Respectful Behaviours campaign was recognised by the Work Health and Safety (WHS) Foundation as a winner in the Training and Information Communication category.
Workers Compensation and Injury Management Award
MinRes was named winner of the WHS Workers Compensation and Injury Management category for their Early Intervention and Recover at Work Program.
our fy25 performance
1 Employee completion rate excludes casual employees, interns, non-executive directors, employees on workers compensation and employees on long-term leave, including parental leave.
2 High Impact Environmental Incidents (HIEI) are incidents that have an actual environmental consequence of high or major. These events have an adverse impact on fauna/flora, habitat, soil, aquatic and land ecosystems, atmosphere or water resources lasting typically multiple years (Level 4 and above).
3 Significant Environmental Incidents are incidents that have an actual environment, legal or community/social consequence rating of medium and above (Level 3 and above).
sustainability GOVERNANCE
corporate governance framework
Our board
The MinRes Board oversees the company’s strategic direction and sustainability performance. Representing shareholders, it protects the company’s interests and builds sustainable value by guiding business strategy while considering all stakeholder interests.
As defined by the Board Charter, the Board has a specific responsibility to oversee the management of sustainability by social, ethical and environmental impact of the company’s operations and approve policies and sustainability-related targets.
Our Committees
With the establishment of the Ethics and Governance Committee, the Board now has six standing committees. The Ethics and Governance Committee was established to strengthen the company’s corporate governance practices by advising the Board on the most suitable governance and ethical practices and processes for adoption.
Together, the committees play an important role by focusing on specific areas of our operations and governance, which assists in strengthening the Board’s oversight of the company.
Ethics and Integrity
Operating ethically and with integrity in all business activities and stakeholder relationships. This includes promoting a culture of ethical corporate behaviour and rejecting all forms of bribery and corruption.
value and performance
Delivering long-term value for all MinRes stakeholders through economic sustainability and strong business performance.
responsible supply chain
Working across our value chain to ensure MinRes and our suppliers share a joint responsibility and commitment to environmental protection and respect for the human rights of all people, including rejecting all forms of modern slavery.
SOCIAL
We are committed to creating a fair, diverse and inclusive work environment that helps us attract, develop and retain top talent, while placing a high priority on the health, safety and psychosocial wellbeing of our employees, contractors and visitors. We value strong relationships with our communities, invest in social initiatives and work in partnership with Traditional Owners to support respectful, sustainable and mutually beneficial outcomes.
health, safety and wellbeing
Maintaining a healthy and safe working environment and enhancing the physical and mental wellbeing of our people.
attracting and retaining talent
Attracting, supporting and retaining talented people by providing learning and development pathways, fair and transparent remuneration and benefits, and creating a positive workplace culture.
CASE STUDY: NEXT LEVEL GYM
MinRes’ state-of-the-art gym facility, Next Level, located at our head office, offers a diverse range of fitness options for employees and their spouse or partner.
The group fitness schedule delivers up to 60 diverse classes per week all delivered by highly experienced trainers. The variety of classes available ensures different interests, fitness levels and wellness goals are catered for.
The facility is fitted out with top of the range fitness equipment for members to carry out their own training programs. Our trainers are also on hand to provide nutrition and body composition consultations, personal training and technique-building guided training.
Next Level has delivered a series of workshops on topics such as menopause, work-life balance, targeting fat loss through exercise, healthy habits and stretching and breathwork.
The Next Level team also engage with other areas of the business collaborating with the on-site GP service, Graduate Program, NextGen Creche and Early Learning Centre.
In addition, the team works closely with the MinRes Partnerships team to deliver sessions to the Clontarf Foundation, Shooting Stars and Youth Focus, and participates in fundraising events for Ronald McDonald House and the Harry Perkins Institute of Medical Research.
diversity and inclusion
Creating a fair, diverse and inclusive workplace where everyone feels valued, included and empowered. This includes fostering diversity at all levels and improving participation rates, with a particular focus on opportunities for female and Aboriginal and Torres Strait Islander employees.
working with traditional owners
Respecting and recognising the Traditional Owners of the land on which we operate. Prioritising mutually beneficial relationships and committing to the management, protection and preservation of cultural heritage.
community and stakeholder relationships
Developing and maintaining strong community and stakeholder relationships as part of our social licence to operate and to build capacity. This includes building sustainable and positive relationships with our key stakeholders, investing in local communities and engaging with diverse voices.
ENVIRONMENT
We are committed to an environmental management approach that maintains our licence to operate in an environmentally responsible and sustainable manner. This commitment starts from the beginning of an operation’s life and extends beyond closure.
climate change
Understanding and managing our climate-related risks and opportunities, including reducing our emissions, supporting decarbonisation and increasing the resilience of our assets and operations to climate change.
environmental stewardship
Active stewardship for the environment through protection and restoration of surrounding ecosystems, and management and rehabilitation planning for new sites and closure.
water
Understanding and managing risks relating to availability of water for our operations and minimising our impacts on water systems and communities.
waste and air quality
Minimising our impact on the environment and consumption of natural resources through management systems relating to air quality, non-mineral waste, tailings and mining waste.
We are committed to strengthening communities by supporting initiatives that deliver lasting benefits and positive change.
More information on MinRes' social investment performance is available on our FY25 Social Investment Report.
TABLES AND
FIGURES
All references to ‘Mineral Resources’, ‘MinRes’, ‘the company’, ‘the Group’, ‘we’, ‘us’ and ‘our’ refer to Mineral Resources Limited (ABN 33 118 549 910) and the entities it controlled, unless otherwise stated.
References in this report to a ‘year’ are to the financial year ended 30 June 2025 unless otherwise stated. All dollar figures are expressed in Australian dollars (AUD) unless otherwise stated. Where used throughout “Indigenous Peoples” and “Indigenous Australians” refers to Aboriginal and Torres Strait Islander Peoples.
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