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The latest announcement is out from Mindax Limited ( (AU:MDX) ).
Mindax Limited has successfully raised $1.6 million through a placement of shares, providing additional working capital to advance discussions on potential development opportunities for its Mt Forrest Iron Project and pathways for its Mid-West Infrastructure Project. The company also issued shares and options to consultants for conducting a technical and economic assessment of the Mt Forrest Iron Project, which is a preliminary step towards potential collaborations for its development.
More about Mindax Limited
Mindax Limited is a company operating in the mining industry, focusing on mineral exploration and development. Its primary projects include the Mt Forrest Iron Project, a joint venture with Yilgiron and Norton Gold Fields, and the Mid-West Infrastructure Project. Mindax is also involved in gold exploration, aiming to identify new drill targets at its wholly-owned gold projects.
Average Trading Volume: 318,779
Technical Sentiment Signal: Hold
Current Market Cap: A$149.1M
Learn more about MDX stock on TipRanks’ Stock Analysis page.