Mineral Resources : 2023 Sustainability Report

MINERAL RESOURCES LIMITED

2023 SUSTAINABILITY REPORT

"BEING AN ELDER

COMES WITH THE RESPONSIBILITY TO TAKE ACTION AS A LEADER.

YOU'RE A GUIDE, STEERING OTHERS IN THE RIGHT DIRECTION, HELPING THEM ALONG

THE WAY."

Brian Champion | Kalamaia Kaprun Elder | Eastern Goldfields and Yilgarn region, WA

ACKNOWLEDGEMENT

OF COUNTRY

MINERAL RESOURCES LIMITED (MINRES) IS COMMITTED TO RECONCILIATION AND RECOGNISES AND RESPECTS THE SIGNIFICANCE OF ABORIGINAL AND TORRES STRAIT ISLANDER PEOPLES' COMMUNITIES, CULTURES, AND HISTORIES.

MINRES ACKNOWLEDGES ABORIGINAL AND TORRES STRAIT ISLANDER PEOPLES AS THE FIRST AND CONTINUING CUSTODIANS OF THE LAND AND WATERS, AND IN DOING SO PAYS RESPECT TO ELDERS PAST AND PRESENT. WE EXTEND THIS ACKNOWLEDGMENT AND RESPECT TO INDIGENOUS PEOPLES AND COMMUNITIES GLOBALLY.

Where used herein "Indigenous Peoples" and "Indigenous Australians" refers to Aboriginal and Torres Strait Islander Peoples. Indigenous Australian readers are advised that this report may contain images and names of individuals who are deceased.

"KNOWLEDGE IS A

FIRE THAT NEEDS TO KEEP BURNING SO CULTURE CAN LIVE ON. KNOWLEDGE IS NOT FOR US TO KEEP,

IT MUST BE SHARED AND PASSED ON."

Brian TuckerBrian Tucker| Banyjima/Ny| Banjima/NyiyaparliElder | ElderCentral| Pilbara region, WA

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CONTENTS

CHAIR AND SUSTAINABILITY CHAIR REVIEW	4
MINRES AT A GLANCE: VALUE CREATION	8
OUR SUSTAINABILITY APPROACH	11
GOVERNANCE	37
ETHICS AND INTEGRITY	44
ECONOMIC PERFORMANCE AND VALUE CREATION	52
RESPONSIBLE SUPPLY CHAINS	58
SOCIAL	67
HEALTH, SAFETY AND WELLBEING	68
ATTRACTING AND RETAINING TALENT	86
DIVERSITY AND INCLUSION	96
MANAGING LAND ACCESS AND CULTURAL HERITAGE	108
COMMUNITY AND STAKEHOLDER RELATIONSHIPS	118
ENVIRONMENT	125
MANAGING ENVIRONMENTAL IMPACT	126
AIR QUALITY	127
WATER STEWARDSHIP	128
NON-MINERAL WASTE	137
TAILINGS AND MINERAL WASTE	139
BIODIVERSITY	147
LAND MANAGEMENT AND REHABILITATION	154
MINE CLOSURE PLANNING	158
MANAGING CLIMATE CHANGE	160
TABLES AND FIGURES INDEX	177
INDEPENDENT LIMITED ASSURANCE STATEMENT	180
GLOSSARY AND LIST OF ABBREVIATIONS	185
MINRES LEADERS	196

Photography by Russell James OAM. Creative direction by Ali Franco.

Design by Calder Design.

BUILDING A

LEGACY

MinRes has never been afraid to lead the way.

For three decades, we've stayed true to our heritage by thinking differently, remaining agile and embracing a passion for innovation to seize new opportunities.

Today, MinRes is one of Australia's leading pit-to-ship mining services providers with an expanding portfolio of world-class iron ore and lithium projects and an energy business focused on pursuing cleaner, cost-effective power for our operations.

We know our success comes with an obligation to operate responsibly and ethically. We are committed to continually improving our sustainability performance and demonstrating leadership in balancing the interests of our environment, communities, people and stakeholders.

This Sustainability Report celebrates the impact of leadership - from the stewards of the world's oldest continuing culture to our people, who guide and support MinRes' ambitious growth strategy every day.

Together, we're building a legacy.

Images of Elders in this report feature in the 2023 Russell James exhibition The Elders: Legacy of Leadership - a collection of portraiture exploring Elders' history of leadership and innate connection to Country.

VISION

To be recognised as a great Australian company and a leading provider of innovative and sustainable mining services and mining operations.

PURPOSE

To provide innovative and low-cost solutions across the mining infrastructure supply chain by operating with integrity and respect, working in partnership with our clients, our customers, our people

and our community.

OUR VALUES

AGILE

You won't hear "I don't know" or "I can't" very often at MinRes. We employ the best in the business to keep us moving forward. We act fast, seize opportunities and think differently.

FAMILY

We show up for each other and have each other's back. We care for each other and the world around us and celebrate our differences because they make us stronger. Above all else, we are family.

ACHIEVE

Every person in our business contributes to our success. We do challenging work and we achieve incredible things. We have the courage to take on the impossible and the passion to make it happen.

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