Unlocking Asia-Pacific as a First Mover 2025

Australia’s iron value chain: today and tomorrow FIGURE 2 Major ir on-pr oducing r egion Value chain location Capital city Notes: ACT = Australian Capital T erritory , HBI = hot briquetted ir on, Mtpa = million tonnes per annum. Concentrate and pellets ar e largely pr oduced using magnetite ir on or e. Sour ce: Institute for Energy Economics and Financial Analysis (IEEF A), with additional analysis by BCG.34 Western Australia (WA) New South W alesSouth Australia (SA) VictoriaQueenslandNorther n Territory TasmaniaACTPerthDarwin Brisbane Sydney Melbour neAdelaide HobartKwinana & ColliePort Hedland Geraldton WhyallaGladstone Eyre Peninsula BraemarPilbara Mid-W est Savage RiverCanberraDampier Concentrate Eyre Peninsula, SA Eyre Peninsula, SA Eyre Peninsula, SA Eyre Peninsula, SAAW ,arabli PAS ,ramear Bainamsa T Norther n Iron Fortescue CITIC Pacific Mining Karara Mining SIMEC Mining Grange Resour cesWarrego Mine Iron Bridge Sino Ir on Karara Middleback Ranges Savage River Concentration Savage River Pelletizing Whyalla Pelletizing Razorback Fusion Pr oject Central Eyr e Iron Pr oject (CEIP) Ridley Magnetite Pr oject Middleback Ranges (expansion)Norther n Territory AW ,arabli P AW ,arabli P AW ,tseW-di M Eyre Peninsula, SA ainamsa T2. 1 22 24 8 2.2 2.85 2.6 1.3 5 3 12 3 7Operating Concentrate Operating Concentrate Operating Concentrate Operating Concentrate Operating Concentrate Concentrate Concentrate Concentrate Concentrate ConcentrateOperating Pellet PelletGrange Resour ces Operating Operating Proposed Proposed Proposed ProposedGFG Alliance (under administration) Magnetite Mines Lincoln Minerals Iron Road Atlas Ir on (Part of Hancock Pr ospecting) SIMEC Mining Pellet Pellet3.5 7 Progressive Gr een Solutions (PGS)POSCO (Port Hedland Ir on) Mid-W est Gr een Pellets & Gr een Ir on PelletizingPHI Pelletizing DRI/HBI DRI/HBI DRI/HBI DRI/HBI DRI/HBI2 1.8 2.5 2.5 1.2 30. 0 5100. 0 40. 0 800. 0AW ,tseW-di M ailartsuA htuo SAW ,tseW-di MEyre Peninsula, SAAW ,arabli P AW ,arabli P AW ,ananiw K AW ,htre Pairotci VPHI HBI Whyalla Steelworks Mid-W est DRIProposed Proposed Proposed Proposed ProposedProgressive Gr een Solutions (PGS) Greensteel AustraliaPOSCO (Port Hedland Ir on) GFG Alliance Green Steel W A Mid-W est Gr een Pellets & Gr een Ir on HBI South Australia Pr oject South Australia Pr oject DRI/HBI (Pilot) Zesty Gr een Ir on Green Metal Pr oject, Christmas Cr eek NeoSmelt BioIronCalix Fortescue BlueScope, BPH and Rio T into Rio T intoProposed Proposed Proposed ProposedDRI/HBI (Pilot) DRI/HBI (Pilot) DRI/HBI (Pilot)Product Status Company Facility LocationCapacity (Mtpa) AW ,tseW-di MAW ,arabli PProposed Proposed Proposed Unlocking Asia-Pacific as a First Mover: Australia’s Green Iron Opportunity 15