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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Mindax
Mindax (MDX) investor relations material
Mindax Q1 2027 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2027 TU earnings summary28 Oct, 2026
Executive summary
Board renewal and A$3.9m of convertible-note funding commitments support a planned review of business activities and exploration of new opportunities.
Mt Forrest remained the main active project, with beneficiation test work funded during the Quarter; no mining production or development activities took place.
Financial highlights
Exploration and evaluation expenditure was A$186,242, predominantly for shire rates, beneficiation test work and tenement management.
A$250,000 placement issued 10,780,423 ordinary shares at A$0.021–A$0.027 per share; A$100,000 was received in the Quarter and A$150,000 in the June 2026 quarter.
Cash payments to directors and related parties totalled A$449,460, including salary, fees, consulting, reimbursements and superannuation.
Outlook and guidance
Planned review of business activities and operations, with exploration of new opportunities to build on the existing portfolio.
Strategy remains focused on exploring existing projects, pursuing new opportunities and potentially growing holdings through acquisitions and corporate activity.
Mt Lucky geological interpretation is being reviewed to inform a drilling programme; Mt Forrest beneficiation testing is intended to support future development studies.
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Latest events from Mindax
- FY26 losses narrowed, but low cash and going-concern uncertainty leave funding critical.MDX
H2 2026 - Advanced project development and raised funds, with cash of A$83,000 and ongoing capital raising.MDXQ4 2026 TU
- Advanced iron ore and gold projects amid low cash reserves, relying on new capital raisings.MDXQ3 2026 TU
- Loss narrowed, cash reserves fell, and Yilgiron consolidation boosted net assets to $24.6M.MDXH2 2024
- Losses deepened on investment impairments, but capital raises support ongoing exploration.MDXH2 2025
- Loss narrowed, exploration assets rose, and new capital raised amid ongoing project development.MDXH1 2026
- Option secured for 100% of Mt Forrest, A$1.6M raised, and infrastructure plans advanced.MDXQ1 2026 TU
- Strategic investments and project consolidation drive growth in Mid-West iron and gold assets.MDXQ4 2025 TU
- $7.75M raised, new investments, and key project advances drive strategic growth in Western Australia.MDXQ3 2025 TU
Next Mindax earnings date
H1 202710 Mar, 2027
Mindax
Next Mindax earnings date
H1 202710 Mar, 2027
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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.