MinRes and POSCO Holdings to form lithium partnership

Mineral Resources Limited (ASX: MIN) (MinRes) is pleased to announce it has executed a binding agreement with POSCO Holdings Inc (POSCO Holdings) on the key terms for the acquisition, subject to conditions precedent, of 30% of MinRes’ operational lithium business under a new incorporated joint venture which will hold MinRes’ existing 50% ownership of the Wodgina and Mt Marion lithium mines. Under