Mineral Resources (MIN) AGM 2025 summary

Opening remarks and agenda

• Acknowledgement of traditional custodians and welcome to shareholders, Board, and executives.

• Meeting officially opened by the new independent Chair, with a focus on reconciliation and respect for Indigenous communities.

• Overview of the meeting format, including hybrid attendance and voting procedures.

• Chair update highlighted significant progress on governance, project delivery, and financial strength since May 2025.

Board and executive committee updates

• Significant Board renewal with five new directors, including a new Chair and four Independent Non-Executive Directors, appointed in 2025, bringing expertise in finance, governance, legal, HR, and mining operations.

• Creation of new roles, including Director of Governance and Compliance, and appointment of a new Company Secretary.

• Korn Ferry and Xperience appointed to lead CEO succession planning and leadership transition.

• Zimi Meka announced retirement from the Board, recognized for his contributions during a challenging period.

• Comprehensive Board skills matrix review conducted to identify and fill capability gaps.

Corporate governance

• Major uplift in governance, including external reviews by King & Wood Mallesons and Elizabeth Broderick & Co., identifying and addressing policy and process gaps, board oversight, and leadership culture.

• Enhanced transparency and oversight of related party transactions, with most historic arrangements ended or transitioned to competitive tender and new approval processes.

• Strengthened risk management, compliance, and internal audit functions, with ongoing training and policy updates.

• Board dynamics and accountability improved, with a focus on trust and empowerment.

• Leadership culture assessment conducted, identifying strengths and areas for improvement, with ongoing engagement and pulse surveys planned.