Mineral Resources Limited (MIN) is a Western Australian mining services company. Established in July 2006, MIN was added to the S&P/ASX 50 in June 2022, as one of the 50 largest companies by market capitalisation on the ASX.
“Mineral Resources (MIN) has updated its financial year 2023 guidance, while also posting exploration results,” Raymond said.
“There is a new gas discovery in the Perth Basin.
“Terminating its toll agreement with its joint venture partner Ganfeng is earnings accretive in financial year 2023/2024.
“We maintain our ADD rating, with unchanged A$93 per share valuation-based on its arget price,” Raymond said.
MIN
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