Mindax Completes Key Study, Eyes Growth

Mindax Limited (AU:MDX) has released an update.

Mindax Limited has announced the successful completion of a key phase two study for its Mid-West Shared Infrastructure Project, confirming the viability of transporting 30 million tonnes per annum (Mtpa) of processed magnetite iron ore to export vessels. The study highlighted the project’s potential for cost-effective delivery, carbon capture strategy, and future expansion up to 90 Mtpa, positioning Mindax for significant growth in the global iron ore market. Additionally, the company’s Mt Lucky drilling program has identified multiple gold anomalies, and new agreements aim to secure funding and development partners for further resource projects.

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