Mineral Resources : Full Year Statutory Accounts

Mineral Resources Limited ABN 33 118 549 910 Annual Report - 30 June 2016 1. Company details

Name of entity: Mineral Resources Limited

ABN: 33 118 549 910

Reporting period: For the year ended 30 June 2016

Previous period: For the year ended 30 June 2015

2. Results for announcement to the market
$'000
Revenues from ordinary activities	down	9.3%	to	1,177,641
Normalised profit after tax (before non cash impairment charges)	up	0.9%	to	109,845
Loss from ordinary activities after tax attributable to the owners of Mineral Resources Limited (1)	down	294.0%	to	(24,857)

Comments

The loss for the Group after providing for income tax and non-controlling interest amounted to $24,857,000 (30 June 2015: profit of $12,814,000).

(1) Loss from ordinary activities after tax includes impairment charges of $130,354,000 (after tax effect).

3. Net tangible assets Reporting period Previous period Cents Cents

Net tangible assets per ordinary security 513.53 536.99

4. Dividends Current period	Amount per security	Franked amount per security
Interim dividend	8.5 cents	8.5 cents
Final dividend	21.0 cents	21.0 cents
Total dividend	29.5 cents	29.5 cents

Record date for determining entitlements to the final dividend will be 1 September 2016 and the final dividend will be paid on 15 September 2016.

Previous corresponding period

Amount per security Franked amount per security

Interim dividend 7.5 cents 7.5 cents

Final dividend 15.0 cents 15.0 cents

Total dividend 22.5 cents 22.5 cents

Preliminary final report

1. Dividend reinvestment plans

   The following dividend or distribution plans are in operation:

   The record date for determining entitlements to the final dividend will be 1 September 2016 and paid on 15 September 2016. The Company has a dividend reinvestment plan ("DRP") in place and it will be available to shareholders for the 2016 final dividend. Directors have determined that the DRP shares allocated in the payment of this dividend will be priced at the Volume Weighted Average Price ("VWAP") for fully paid Mineral Resources Limited ("MRL") shares sold on the ASX in the five business days following the record date, rounded to the nearest whole cent. No discount will be applied. The DRP will not be underwritten. Shares issued under the DRP will rank equally in all respects with existing fully paid MRL shares and will be credited to the Participant's shareholding. Full particulars of the operation of the DRP are available on the Company's website, www.mineralresources.com.au.

   The last date for receipt of election notices for the dividend or distribution plans: 2 September 2016

2. Investment in Associate and Investment in Joint Operation

   Investment in Associate

   During the financial year the Group classified its 25% investment in Roadtrim Mining and Civil Contracting Pty Ltd (Roadtrim) as an associate and has equity accounted its investment in Roadtrim for the financial period.

   Investment in Joint Operation

   The Group's interests in Reed Industrial Minerals Pty Ltd (RIM) were increased from 30% to 43.1% in June 2016. The Group has classified its investment in RIM as a joint operation.

3. Matters subsequent to the end of the Financial Year

   The following matters arose subsequent to the end of the Financial Year

   Investment in Roadtrim

   On 8 July 2016 the Group increased it's holding in Roadtrim from 25% to 90% and on 1 August 2016 from 90% to 100%. Roadtrim provides specialist bulk haulage services to Australia's leading mining and resource companies. The combination of both businesses will result in both increased revenue and cost savings to the Group.

   Empire Oil and Gas NL

   On 11 August 2016 the Group and Empire Oil and Gas NL executed final documentation in relation to a A$15.1m revolving working capital facility to refinance the ERM Power debt obligation maturing 31 August 2016. Payment was effected 12 August 2016.

   Mesa Minerals Ltd

   On 13 July 2016 Mesa Minerals Limited (Mesa), a 59.4% subsidiary, was placed in administration. The current manganese market makes it uneconomical to develop Mesa's manganese deposits in the short term. Mesa is unable to generate positive cash flow without the direct assistance. The Group is no longer willing to support Mesa without a significant reduction in the debts outstanding. The administrators have assumed control of Mesa's assets and are working with the Mesa Board to maximize the outcome for all stakeholders of the company. The impact on the financial position of Mineral Resources Ltd is not material.

4. Audit qualification or review

The financial statements have been audited and an unqualified opinion has been issued.

Corporate directory 30 June 2016

Directors Peter Wade

Chris Ellison

Joe Ricciardo (retired 18 April 2016) Kelvin Flynn

James McClements

Company secretary Bruce Goulds

Registered office 1 Sleat Road Applecross WA 6153

P: + 61 8 9329 3600

F: + 61 8 9329 3601

Postal address: Locked Bag 3, Canning Bridge, Applecross WA 6153

Principal place of business 1 Sleat Road Applecross WA 6153

Share register Computershare Investor Services Pty Limited Level 2, Reserve Bank Building

45 St Georges Terrace Perth WA 6000

P: + 61 8 9323 2000

F: + 61 8 9322 2033 www.computershare.com/au

Auditor RSM Australia Partners 8 St Georges Terrace Perth WA 6000

P: + 61 8 9261 9100

F: + 61 8 9261 9111 www.rsm.com.au

Bankers National Australia Bank 100 St Georges Terrace Perth WA 6000 www.nab.com.au

Stock exchange listing Mineral Resources Limited shares are listed on the Australian Securities Exchange

(ASX code: MIN)

Website www.mineralresources.com.au