The ore extraction volume of the Pilbara Hub iron ore project increased by 32% QoQ in Q2

Production: In Q2 2025, the iron ore mining volume of the project was 3.09 million mt, up 32% MoM and 29.3% YoY, mainly due to the disappearance of the hurricane impact in the previous quarter and the gradual recovery of production in the mining area. The total iron ore mining volume for the 2025 fiscal year was 10.98 million mt, up 12.5% YoY.

Shipment Volume: In Q2 2025, the iron ore shipment volume of the project was 2.52 million mt, up 10% MoM but down 14.9% YoY. The total iron ore shipment volume for the project in the 2025 fiscal year was 9.69 million mt, down 6.6% YoY, reaching the upper limit of the shipment guidance target (9-10 million mt).

Cost: In Q2 2025, the FOB unit cost was AUD 77/wmt (approximately $50.8/mt), down 4% MoM. The total FOB unit cost for the 2025 fiscal year was AUD 76/wmt (approximately $50.2/mt), at the lower limit of the cost guidance range (AUD 76-86/wmt).