Minereral Resources Limited has announced an investor and analyst tour of its Onslow Iron project scheduled for 27–28 May 2025. Participants will have the opportunity to visit key sites including Ken’s Bore and the Port of Ashburton operations, illustrating the company’s commitment to transparency as it advances this significant project. In its update on Onslow Iron, Mineral Resources Limited revised its volume guidance for the project. The new target is set between 7.8 and 8.0 million tonnes on a one-hundred percent basis – compared with the initial estimate of 8.5 to 8.7 million tonnes. This adjustment comes as a result of lower-than-expected performance metrics: contractor road trains were utilized at 65 units against an anticipated 85-100 unit target, and the daily cycle rates averaged 2.7 instead of the planned 4.0. Despite these challenges, the company recorded shipments of 1.7 million tonnes in May to date, with recent daily averages showing encouraging figures—several days exceeding 80 kilotonnes and a peak of 100 kilotonnes loaded in one day. The acceleration in throughput is evidenced by an expected May shipment total of approximately 1.9 million tonnes, translating to a run rate of around 23 million tonnes per annum. Mineral Resources Limited remains focused on scaling operations rapidly to achieve its nameplate capacity of 35 million tonnes per annum in the first quarter of the next fiscal year. Looking ahead to June, the company forecasts shipments between 2.3 and 2.6 million tonnes, a development that should elevate the run rate to between 28 and 31 million tonnes per annum. Furthermore, the commissioning of the fifth transhipper, MinRes Peak, at the Port of Ashburton, along with the impending arrival of an additional tug, is set to bolster transhipping capacity. Market sentiment in light of the news presents mixed views. On the bullish side, the rapid ramp-up in shipments and the forthcoming increase in transhipping capacity underline the operational momentum at Onslow Iron, suggesting robust potential for long-term growth as planned capacities are met. Conversely, the revised guidance reflects immediate operational challenges—specifically the shortfall in contractor road trains and lower daily cycle rates—which could weigh on near-term expectations for production and revenue. Overall, while some investors may be cautious given the operational setbacks, the strategic investments and clear progress in ramp-up efforts offer a positive outlook for the project’s future performance.