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Mindax Moves to Full Control of Mt Forrest Iron Ore Project
7:01pm on Wednesday 23rd of July, 2025 AEST
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Mining
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Mindax Moves to Full Control of Mt Forrest Iron Ore Project
7:01pm on Wednesday 23rd of July, 2025 AEST
Key Points
Option deed executed to acquire Norton’s 35% stake in Mt Forrest project
Option price set at A$26.24 million plus interest, exercisable within five years
Mt Forrest holds over 1 billion tonnes of JORC-compliant magnetite iron ore resources
Acquisition subject to shareholder and regulatory approvals and successful funding
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