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Mindax Eyes Fundraising to Sustain Mt Forrest Iron Project Amid Cash Outflows

12:41pm on Wednesday 29th of October, 2025 AEDT Mining
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Mindax Eyes Fundraising to Sustain Mt Forrest Iron Project Amid Cash Outflows

12:41pm on Wednesday 29th of October, 2025 AEDT
Key Points
  • Net cash used in operating activities – AUD 289k
  • Investing outflows of AUD 1.685 million mainly for exploration
  • Cash reserves down to AUD 864k at quarter end
  • Company engaging external parties to identify investors
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