Exploration

Fortescue was founded as an exploration company and continues to recognise early-stage exploration as key to unlocking significant value. We maintain an extensive tenement portfolio in the Pilbara region of Western Australia. Our Pilbara hubs include significant high iron content bedded iron ore, adding dry, low-cost tonnes to our resource inventory.

During FY25, exploration activity continued across our Pilbara portfolio and internationally, alongside strategic growth initiatives including the acquisition and integration of Red Hawk Mining Limited and the Blacksmith Project. In addition, near mine exploration remains a focus across our Pilbara hubs. 

In our critical minerals portfolio, Fortescue has an exploration focus on copper, alongside exposure to rare earths. Exploration drilling is active across multiple jurisdictions, underpinning our long-term diversification strategy.