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The latest update is out from Mindax Limited ( (AU:MDX) ).
Mindax Limited has made strategic moves to strengthen its position in the iron ore industry by acquiring a 5% stake in Cashmere Iron Limited and securing an option to purchase a 35% stake in the Mt Forrest Iron Project, aiming to consolidate iron ore interests in the Midwest region of Western Australia. Additionally, the company is advancing its Mid-West Shared Infrastructure Project to facilitate ore transportation, and it continues to explore gold anomalies at its Mt Lucky and Meekatharra Gold Projects, with plans for further drilling and exploration.
More about Mindax Limited
Mindax Limited is a company focused on developing the Midwest region of Western Australia into an iron ore processing hub. It is involved in the exploration and development of iron ore and gold projects, with interests in the Mt Forrest Iron Project and the Mt Lucky and Meekatharra Gold Projects.
Average Trading Volume: 296,734
Technical Sentiment Signal: Hold
Current Market Cap: A$138.6M
See more insights into MDX stock on TipRanks’ Stock Analysis page.