Mineral Resources: Updates lithium while posting exploration hits

About the author:

Author name:

By Adrian Prendergast

Job title:

Senior Analyst

Date posted:

21 June 2023, 7:00 AM

Sectors Covered:

Mining, Energy

• Mineral Resources (ASX:MIN) has updated FY23 guidance, while also posting exploration results.
• New gas discovery in the Perth Basin.
• Terminating Ganfeng toll agreement is earnings accretive FY23/FY24.
• Maintain ADD rating, with unchanged (login to view) valuation-based Target Price.

Find out more

If you would like more information, please contact your adviser or nearest Morgans office. 

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.