May 28, 2026, 6:11 PM EDT. Mineral Resources Ltd (ASX: MIN) shares have soared over 200% in 12 months, driven by expansion plans and strong market conditions. Bell Potter highlights the $490 million investment in Mt Marion's lithium flotation plant and underground development, aiming to boost production by 20% and extend mine life by six years. The Bald Hill mine restart targets 140,000 tonnes per annum, enhancing capacity further. Completion of the $765 million POSCO lithium transaction in 2H CY26 is expected to improve the balance sheet, enable debt reduction, and potentially reinstate fully franked dividends. Bell Potter retains a buy rating with a price target raised to $80.50, implying a 14% upside from the current $70.81 share price. Ongoing iron ore and lithium market strength underpin the positive outlook.
