Wonmunna

Asset Summary

Asset	Wonmunna
Interest	1.25% to 1.50% Gross Revenue Royalty (>A$100/t iron ore)
Commodity	Iron Ore
Location	Australia
Stage	Producing
Counterparty	Mineral Resources Limited
Additional Notes	The royalty has a 1.25% GRR payable when benchmark 62% iron ore price is below A$100/tonne and 1.50% GRR payable when the iron ore price is above A$100/tonne.

Asset Highlights

• Producing iron ore operation in Western Australia, currently operating at a rate of ~5Mtpa and fully permitted to expand to 10Mtpa.
• The Wonmunna mine involves the extraction of high-grade iron ore from the three Marra Mamba deposits across multiple shallow open pits (20m – 50m depth).
• First ore hauled in April 2021 via road trains to the Port Hedland Port
• Wonmunna underpins and forms a key component of the Utah Point Hub iron ore blend.
• Further information can be found at this website: https://www.mineralresources.com.au/our-business/commodities/iron-ore/