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Mindax Limited, Magnetite Iron Ore and the Mid-West
Powering the green steel revolution
Learn about our projects
Mindax Limited, Magnetite Iron Ore and the Mid-West
Powering the green steel revolution
Learn about our projects
Mindax Limited, Magnetite Iron Ore and the Mid-West
Powering the green steel revolution
Learn about our projects

Welcome to Mindax Limited

Magnetite imageMindax Limited is an ASX-listed mining exploration and development company with highly prospective iron ore and gold projects located in the globally-recognised leading mining jurisdiction of Western Australia.

Mindax’s strategy is to grow shareholder value by positioning itself at the forefront of the emerging green steel revolution, which relies on magnetite iron ore for the production of low-carbon emissions steel products that will contribute to the achievement of net-zero targets.

Global steel mills are becoming increasingly hungry for low-polluting and high grade magnetite iron ore for their electric arc furnaces, rather than direct shipping ore (DSO), and Mindax is strategically positioned to leverage this growing desire for ‘green steel’.  The Company is also building on previous exploration successes to develop its gold projects in Western Australia's leading gold provinces.

Mindax’s flagship project is the Mt Forrest magnetite iron ore project, which is operated via a joint venture between Mindax (holding a 65% stake) and Norton Gold Fields Pty Ltd (35%). Nestled within the highly prospective Yilgarn province in the Mid-West region of Western Australia, the Mt Forrest project boasts a substantial repository of more than one billion tonnes of magnetite iron ore resource.

In a JORC Code (2012) compliant report released in February 2023, using a cut-off grade of 18% Mass Recovery (MR), the Mt Forrest deposit was estimated to contain 422.37 Mt of Indicated Resources at average grades of 41.42% MR and 64.76% conFe, and 599.40 Mt of Inferred Resources at average grades of 43.14% MR and 63.85% conFe. Several prospective areas are still to be drilled, which have the potential to extend the currently defined Mineral Resources through ongoing exploration.

Pipes infrastructure imageThe Company has been working with the Australian Gas Infrastructure Group (AGIG) and global engineering firm, Verbrec on studying the economics of developing key Mid-West shared infrastructure to process Yilgarn province magnetite and transport it to global markets. Under what is known as the Mid-West Shared Infrastructure Project, Mindax's vision is to unlock the value of iron ore assets in the Mid-West region of Western Australia that would leave a positive legacy and enduring economic benefit to Western Australia, and provide an exciting opportunity for the Company to advance the potential development of the Mt Forrest magnetite deposit for the benefit of all of the Company’s shareholders and stakeholders.

The plan could involve an infrastructure entity owning all the gas pipelines, water pipelines, power, export hydro-transport pipelines and shallow harbour transhipping, which Yilgarn resource owners could utilise, and has the potential to de-risk Yilgarn magnetite mining projects and make them economic.

Drill rig image

Mindax has a 100% interest in the Mt Lucky Gold Project (‘Mt Lucky’), which lies within the Mt Margaret Mineral Field of the north-eastern Goldfields of Western Australia (Laverton Greenstone Belt), where the ground has widespread gold anomalism and artisanal-scale gold workings. The Laverton region has a well-documented gold endowment with two world-class deposits, Sunrise Dam and Wallaby, and numerous deposits that show an endowment of more than one million ounces, being Mt Morgans, Lancefield and Granny Smith.

Mindax also retains a 100% interest in a highly prospective gold project located in the Meekatharra region of Western Australia which is well known for significant gold discoveries. In particular, the Company remains focused on its tenure 2km away from the famous Doray's Andy Well Gold Mine which produced some 300,000 ounces between 2013 and 2017 and hosts a remaining underground resource of over 500,000 ounces of gold.

Mindax is dedicated to fostering economic prosperity for Western Australia by unlocking the green steel potential of the Yilgarn province and realising the rich gold resources within WA.

The Company’s commitment to active engagement with all stakeholders is unwavering, as Mindax strives towards the realisation of its vision, with a primary focus on building enduring and sustainable shareholder value.