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Admiralty Resources signs first Mariposa iron ore contract with Trafigura-Casting Exhibition-The 26th China(Guangzhou) International Casting Products,foundry Industry Exhibition
12/2/2025 铸件展-铸件展会-casting expo-casting exhibition |
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Australia-based Admiralty Resources has announced that it has taken a key step toward commercializing itsChilean Mariposa lron Ore Project, signing a supply contract with Singaporean trader Trafigura Pte Ltd. Thedeal covers roughly 150,000 wmt of Mariposa iron ore with 65 percent Fe to be supplied between December2025 and December 2026.
strategic move toward commercial production
The agreement advances Admiralty''s strategy to transitionMariposa from pilot stage to steady output. Though modest insize compared to major producers, the contract:
provides a reliable revenue stream,supports continuity of operations for the Chilean subsidiary,demonstrates market acceptance of MlO''s quality,strengthens Admiralty''s ability to finance and scaleproduction,
formally establishes Trafigura as an initial commercial buyer.Admiralty also emphasized that the deal may expand if performance, quality and logistics remain consistent.Next steps for the Mariposa project
The company indicated that the shipments will occur in three cargoes, each subject to inspection and qualityverification.
While the contract is limited to one year, it forms the basis for potential multi-year expansion if logistics, cashflow and contract performance remain strong.
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