Mineral Resources (MinRes) is pushing forward with a $300 million lithium investment into the Mt Marion lithium project in Western Australia, despite continued market challenges. The funding, confirmed in a filing by joint venture partner Ganfeng Lithium to the Hong Kong Stock Exchange, will see both partners contribute $150 million each.
This $300 million lithium investment underlines the long-term value both companies see in the Mt Marion lithium project. It also marks a strategic move to maintain momentum in one of Australia’s key lithium-producing regions.
Source: https://www.australianmining.com.au/minres-and-ganfeng-inject-300m-into-mt-marion/
Ganfeng Lithium Funding to Support Operations
As part of the $300 million lithium investment, Ganfeng Lithium funding will be directed primarily toward supporting day-to-day operational costs at the Mt Marion lithium project. This operational boost is intended to stabilise production and support workforce continuity amid lithium market volatility.
MinRes Focuses on Development and Upgrades
MinRes’ share of the $300 million lithium investment will fund capital expenditure across the Mt Marion lithium project. This includes mine development works and substantial upgrades to the site’s processing plant. The company has confirmed that its contribution will be sourced from working capital reserves, ensuring no additional debt is incurred.
This strategic injection is designed to future-proof the Mt Marion lithium project and ensure it remains a cornerstone of MinRes’ lithium portfolio.
Mt Marion Lithium Project Key to WA’s Lithium Future
Located in WA’s Goldfields region, the Mt Marion lithium project is positioned within a major lithium hub that also includes MinRes’ inactive Bald Hill site. The $300 million lithium investment strengthens the significance of the region as a global lithium supply centre.
The project plays a crucial role in securing long-term lithium supply as global demand for battery minerals continues to rise. The Mt Marion lithium project remains central to MinRes’ growth strategy, even as the sector experiences short-term pricing pressures.
Mt Marion is located in a lithium hotspot around Kalgoorlie-Boulder in Western Australia’s Goldfields region. (Source: https://www.afr.com/companies/mining/minres-to-inject-150m-into-struggling-lithium-mine-20250616-p5m7ov)
Ganfeng Lithium Funding Reflects Confidence in Asset
The matched $150 million Ganfeng Lithium funding highlights the partner’s confidence in the long-term viability of the Mt Marion lithium project. Together, the $300 million lithium investment from both companies reinforces the joint venture’s shared commitment to high-quality lithium production in Australia.
MinRes Indigenous Strategy Strengthened During Reconciliation Week
Alongside this major investment, MinRes has also reaffirmed its commitment to reconciliation through its ongoing MinRes Indigenous strategy. Marking National Reconciliation Week 2025, which concluded on 3 June, the company embraced the theme Bridging Now to Next.
The MinRes Indigenous strategy aims to acknowledge and embed the histories, cultures, and contributions of Indigenous Australians into all aspects of company operations. This cultural integration supports meaningful progress both within the workforce and the broader community.
Practical Action Through the MinRes Indigenous Strategy
As part of the MinRes Indigenous strategy, the company is implementing a suite of practical initiatives. These include cultural awareness training, employment pathways, and increased procurement from Indigenous-owned businesses. The goal is to foster a culturally safe and inclusive environment across all MinRes sites, including the Mt Marion lithium project.
Employment and Cultural Awareness at the Core
The MinRes Indigenous strategy includes a dedicated Indigenous Employment Strategy that supports greater representation and provides a culturally supportive workplace. These initiatives are being rolled out across operations, including the Mt Marion lithium project, to ensure inclusivity and respect are embedded in everyday practices.
Bridging Investment and Inclusion
The $300 million lithium investment and the strengthened MinRes Indigenous strategy together represent a dual commitment — to economic growth through the Mt Marion lithium project and to social responsibility through cultural engagement. MinRes is determined to drive long-term value for shareholders while making a lasting, positive impact on the communities it operates in.
