The latest announcement is out from Mindax Limited ( (AU:MDX) ).
Mindax Limited has made significant strides in its objective to develop the Midwest into an iron ore processing hub, raising $7.75 million through a share placement and acquiring interests in Doublebell Resource Wealth and Cashmere Iron Limited. The company is advancing the Mid-West Shared Infrastructure Project, which aims to facilitate the transport of magnetite ore for export, and continues to explore partnerships for the Mt Forrest Iron Project. These developments are expected to enhance Mindax’s operational capabilities and position in the mining industry, potentially unlocking untapped value in the region’s iron ore assets.
More about Mindax Limited
Mindax Limited is an Australian company focused on developing the Midwest region into an iron ore processing hub. The company is involved in various projects, including the Mt Forrest Iron Project and the Mt Lucky Gold Project, and is actively seeking to expand its interests in iron ore and gold exploration.
YTD Price Performance: 95.00%
Average Trading Volume: 465,041
Technical Sentiment Signal: Sell
Current Market Cap: A$178.9M
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