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Mindax Limited ( (AU:MDX) ) has issued an announcement.
Mindax Limited’s December 2025 quarter was marked by continued advancement of its Mt Forrest Iron Project and associated Mid-West infrastructure plans, alongside ongoing capital raisings. The company issued 58 million options to directors and related parties following shareholder approval, dispatched four tonnes of high‑grade magnetite samples from Mt Forrest for metallurgical testing to underpin future development studies, and continued discussions to secure development partners while progressing toward acquiring full ownership of the project. In parallel, Mindax maintained engagement with potential stakeholders to progress the Mid-West Shared Infrastructure Project, building on a completed phase two viability study, and raised working capital through share placements under an existing mandate to sustain project momentum, including its nearby Mt Lucky Gold Project.
The most recent analyst rating on (AU:MDX) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Mindax Limited stock, see the AU:MDX Stock Forecast page.
More about Mindax Limited
Mindax Limited is an Australian resources company focused on developing iron ore and gold projects in Western Australia, with its flagship Mt Forrest Iron Project in the Yilgarn province of the Mid-West region and the Mt Lucky Gold Project in the Laverton Greenstone Belt. The company aims to position the Mid-West as an iron ore processing and export hub, supported by shared infrastructure initiatives to transport magnetite ore from mine to port.
Average Trading Volume: 79,475
Technical Sentiment Signal: Sell
Current Market Cap: A$91.89M
For a thorough assessment of MDX stock, go to TipRanks’ Stock Analysis page.