Mindax Limited
AASX:MDX0.04
AUD
+0.00
(+2.94%)
ISIN
AU000000MDX4
Return %
Stock
S&P 500
1Y
-36.36
14.20
3Y
-30.00
81.12
5Y
-30.00
68.34
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Tung Ming Chow
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 17 Ord Street West Perth WA Australia 6005
- IPO Date
- Oct 20, 2004
- Website
- mindax.com.au
- Similar Companies
- Business
- Mindax Limited (ASX:MDX) is an Australia-based mineral exploration and development company focused on iron ore and gold projects in Western Australia. The company operates through two primary segments, Gold and Iron Ore; the Gold segment encompasses the 100%-owned Mt Lucky Gold Project in the Mt Margaret Mineral Field of the north-eastern Goldfields (Laverton Greenstone Belt) and the 100%-owned Meekatharra North Gold Project (tenement E51/1705) in the Murchison Gold Field, approximately 40 kilometers north of Meekatharra and proximate to the Andy Well Gold Mine; the Iron Ore segment features the flagship Mt Forrest magnetite iron ore project in the Yilgarn province of the Mid-West region, operated via a 65%/35% joint venture with Norton Gold Fields Pty Ltd and hosting JORC (2012) compliant Mineral Resources of 422.37 million tonnes Indicated (41.42% mass recovery, 64.76% concentrate Fe) and 599.40 million tonnes Inferred (43.14% mass recovery, 63.85% concentrate Fe) at an 18% mass recovery cut-off. Mindax targets the green steel revolution by leveraging high-grade magnetite for low-carbon steel production in electric arc furnaces, while advancing gold exploration in established provinces near major operations such as Sunrise Dam, Granny Smith, Mt Morgans and Lancefield; its projects emphasize higher-grade deposits and shared infrastructure potential, including the Mid-West Shared Infrastructure Project studied with Australian Gas Infrastructure Group (AGIG) and Verbrec for processing Yilgarn magnetite via gas pipelines, water, power, hydro-transport and shallow harbour transhipping. Founded in 2002 and headquartered at Suite 3, 17 Ord Street, West Perth, the company conducts all operations exclusively in Western Australia, a premier global mining jurisdiction. Recent developments include the execution of an Option Agreement with Norton Goldfields on July 23, 2025 to support the Mt Forrest joint venture; a Placement raising funds announced July 10, 2025 alongside secondary trading notices and unquoted securities notifications; multiple proposed issues of securities and option terms in July-September 2025 to bolster exploration capital; receipt of a $1.12 million R&D rebate; release of 1 million fire-assay results and second-phase exploration at Meekatharra North; quarterly activities and cashflow reports through October 2025 confirming ongoing drilling and project advancement; and annual reporting alongside governance updates as of September 30, 2025.