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Mindax Limited (ASX:MDX)

ALERT: Price-sensitive ASX Announcement for MDX
Current share price for MDX : $0.036 0.006 (20%)+
Announcement
Release
29 Jul 2026 1:40PM
Price at Release
$0.030
Full Release
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Summary
The quarterly report for Mindax Limited as of 30 June 2026 outlines the company's continued efforts in developing the Midwest into an iron ore processing hub, advancing stakeholder engagements for the Mid-West Shared Infrastructure Project, and securing funds through share placements. Metallurgical test work on high-grade magnetite domains supports future development, while exploration of gold projects at Mt Lucky and Meekatharra progresses. Mindax is working to acquire full interest in the Mt Forrest Iron Project and maintains strategic holdings in Cashmere Iron Limited. Limited cash availability poses a challenge, but discussions with potential investors for further funding are underway.
Key Points
  • Mindax Limited advanced its Midwest iron ore processing hub projects.
  • Engagement with stakeholders for the Mid-West Shared Infrastructure Project continued.
  • Funds were raised through share placements to support projects.
  • Metallurgical test work was conducted on magnetite domains MF1 and MF2.
  • Exploration continued at Mt Lucky Gold and Meekatharra Gold Projects.
  • Mindax retained its strategic holdings in Cashmere Iron Limited.
  • The Mt Forrest Iron Project involves a joint venture and metallurgical testing.
  • Mindax aims to secure 100% interest in the Mt Forrest Iron Project.
  • Estimated cash available for future operations is limited to 0.45 quarters.
  • Funding discussions are ongoing with potential investors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.