Mineral Resources (MinRes) has announced it achieved record production for its iron ore and lithium businesses during the 2025-26 financial year (FY26), as its flagship Onslow Iron operation in Western Australia continues to gather momentum. Mining Services delivered 341 million tonnes (Mt) of production for FY26, 22 per cent higher than the previous year and above the upgraded guidance range of 320-330Mt. The Onslow Iron operation continued to underpin MinRes’ performance, producing 8.8 million wet metric tonnes (wmt) and shipping a quarterly record 9.6 million wmt during the June quarter. FY26 attributable shipments reached 19.7 million wmt, exceeding the company’s upgraded guidance of 17.7-19.4 million wmt, while free-on-board costs of $52/wmt came in below guidance. The operation also reached an annualised shipping run rate of approximately 38.4 million wmt during the quarter.