Mineral Resources (ASX:MIN) said today that its Mt Marion FY23 volumes are expected to be at the lower end of spodumene concentrate guidance at 160-180k dmt.
The company, which released its activities report for the Q3, has iron ore and lithium operations, as well as mining services division. Mineral Resources owns two hardrock lithium operations in Australia: Mt Marion in the Goldfields region of Western Australia and Wodgina in the Pilbara region.
"Mt Marion FY23 volumes are expected to be at the lower end of spodumene concentrate guidance of 160-180k dmt (SC6 equivalent) and lithium battery chemicals sold guidance of 19.0-21.3kt. This reflects the impact of a delay in the plant expansion and mine sequencing, resulting in the drawdown of contact ore stockpiles," wrote the company in a news release.
"Wodgina remains on track to achieve FY23 spodumene shipped guidance of 150-170k dmt (SC6 equivalent) and lithium battery chemicals production guidance of 11.5-12.5kt. Reflecting current marketing arrangements and market dynamics, FY23 lithium battery chemicals sold guidance is expected to be 5.0-6.0kt (previously 8.5-9.5kt)."
In 2019 Albemarle has acquired a 60% interest in Mineral Resources Wodgina for $1.3 billion.
Iron ore shipments were 4.5M wmt, up 10% qoq and in line with FY23 guidance of 17.2-18.8M wmt.
Mining Services production volumes were lower in Q3 at 52Mt, following completion of two external mining contracts. Equipment and people were moved to joint venture projects but delays in approvals impacted volumes.
