June 5 (Reuters) - Mineral Resources Ltd ( MALRF ):

* MINRES SELLS MINORITY STAKE IN ONSLOW IRON HAUL ROAD

* DEAL FOR TOTAL EXPECTED PROCEEDS OF A$1.3 BILLION

* ENTERED INTO BINDING AGREEMENT WITH MORGAN STANLEY

INFRASTRUCTURE PARTNERS

* BINDING AGREEMENT WITH MORGAN STANLEY INFRASTRUCTURE

PARTNERS

FOR SALE OF A 49% INTEREST IN ONSLOW HAUL ROAD

* BINDING AGREEMENT FOR SALE OF 49% INTEREST IN ONSLOW IRON

PROJECT'S DEDICATED HAUL ROAD

* TRANSACTION VALUES ONSLOW HAUL ROAD (100%) AT A$2.7

BILLION

* SALE COMPLETION IS EXPECTED IN SECOND HALF OF THIS

CALENDAR YEAR

* MINRES WILL RETAIN MAJORITY OWNERSHIP AND EXCLUSIVE RIGHTS

TO

USE, OPERATE AND MAINTAIN ONSLOW HAUL ROAD

* ENTERED A US$750 MILLION UNDRAWN FACILITY WITH J.P. MORGAN

* UNDRAWN FACILITY WITH J.P. MORGAN EXPECTED TO BE CANCELLED

UPON

OR BEFORE TRANSACTION'S COMPLETION

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