Mindax Limited

Mindax Limited

MDX.AX
Mindax LimitedAU flagAustralian Securities Exchange
0.02
AUD
- -
- -
44.90MMarket Cap
Mindax Limited
MDX.AX
(Australian Securities Exchange)

Recent

price

0.02

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
-0.02
-0.01
-0.01
-0.01
-0.02
-0.07
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
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- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.13
0.11
0.11
0.1
0.07
- -
- -
- -
- -
- -
- -
- -
0.01
0.01
0.01
- -
Book Value per Share
0.13
0.12
0.12
0.11
0.08
- -
- -
- -
- -
- -
- -
- -
0.01
0.01
0.01
- -
Tangible Book Value per Share
147
164
195
249
285
300
447
565
677
853
990
1,392
1,900
1,977
2,046
2,151
Basic Weighted Avg Shares
- -
- -
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Sales/Revenue/Turnover
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- -
-10,243.25
-86,551.92
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- -
- -
- -
- -
- -
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Operating Margin (%)
- -
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- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-2
-2
-2
-2
-5
-22
-1
-1
-1
-1
-1
-1
13
-6
-2
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
-7,431.92
-46,349.85
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- -
- -
- -
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- -
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Profit Margin (%)
11
3
2
2
-1
-1
- -
-1
-1
-1
-1
1
1
4
-1
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
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LT Debt
20
19
23
27
22
1
1
1
1
1
1
4
19
19
25
- -
Total Equity
- -
- -
- -
- -
- -
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-10.2
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Return on Invested Capital (%)
- -
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129.48
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- -
Return on Capital (%)
-14.52
-12.93
-11.33
-7.55
-19.84
- -
- -
-267.54
-269.69
-268.83
-213.28
-69.78
129.48
-31.48
-13.8
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
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Free Cash Flow
- -
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- -
Net Income, GAAP
- -
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Sales/Revenue/Turnover
- -
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Total Cash Common Dividend
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Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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2024
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2025
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Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
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- -
- -
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2025
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Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
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- -
- -
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2024
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2025
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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.