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Mindax (MDX) investor relations material
Mindax H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary29 Sep, 2025
Executive summary
Focused on mineral exploration, project assessment, and securing additional funding during the year ended 30 June 2025.
Advanced exploration at Mt Lucky and Meekatharra Gold Projects, and progressed the Mt Forrest Iron Project, including a move toward 100% ownership.
Completed phase two of the Mid-West Shared Infrastructure Project and made strategic investments in Doublebell Resource Wealth and Cashmere Iron.
Financial highlights
Raised $7.75 million through share placements; year-end cash balance was $1.32 million, up from $0.52 million last year.
Operating loss before tax was $2.63 million (2024: $2.62 million); basic and diluted loss per share was 0.15 cents (2024: 0.10 cents).
Total comprehensive loss for the year was $7.81 million, including a $4.68 million impairment on investments.
Exploration expenditure capitalised at $25.24 million (2024: $25.84 million).
Outlook and guidance
No significant changes in operations expected; focus remains on maintaining current activity levels and advancing existing projects.
Additional capital raising and consolidation opportunities under review to support long-term growth.
Explain the rapid impairment of new investments.
Next steps for Mt Forrest and MWSIP?
Detail the funding strategy for FY26.
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Frequently asked questions
Mindax Limited is an Australian exploration and development company focused on mineral resource projects, primarily in Western Australia. The company’s portfolio includes projects targeting iron ore, gold, and other base metals. Mindax Limited is involved in various stages of the mineral development process, from exploration to project feasibility assessments, aiming to advance its assets and support the growing demand for minerals in domestic and international markets. The company is headquartered in Perth, Australia, and its shares are listed on the ASX.
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