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Mindax (MDX) investor relations material
Mindax Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Secured an Option Deed to acquire Norton's 35% stake in the Mt Forrest magnetite iron ore project, aiming for 100% ownership and regional consolidation.
Raised A$1.6 million through a share placement to accelerate project development and fund gold exploration initiatives.
Advanced discussions with stakeholders for the Mid-West Shared Infrastructure Project to facilitate ore transport.
Financial highlights
Exploration and evaluation expenditure for the quarter totaled A$1,684,522, mainly for gold exploration and tenement payments.
Cash payments to related parties during the quarter amounted to $189,133, covering director and consulting fees.
Outlook and guidance
Ongoing review of regional consolidation opportunities to achieve scale for infrastructure development.
Continued engagement with potential development partners for Mt Forrest and further advancement of the Mid-West Shared Infrastructure Project.
Further geological studies and AI-assisted prospecting planned for gold projects to refine drill targets.
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