FMG has been raising the mix of premium feed in its shipments with the addition of its West Pilbara Fines product.

Australian lithium producers have been cutting supply amid plummeting prices in recent months.

Gold production for the three months ended Sept. 3 fell 6.7% to 511,636 ounces, hurt by lower grades and shutdown overruns at its Cadia mine.

The move comes a week after the miner downplayed its annual aluminium production guidance and flagged challenging conditions in the industry.

In an open letter, investors including Aberdeen Standard Investments, M&G Investments and Legal & General Investment Management said that all lobbying by third parties should be consistent with mining companies’ views and producers should exit lobby groups if this isn’t the case.

The tenements cover more than 50 square kilometres of the highly prospective Narracoota Formation.