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Mindax Moves to Full Control of Mt Forrest Iron Project with $1.6M Capital Boost

12:42pm on Wednesday 29th of October, 2025 AEDT Mining
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Mindax Moves to Full Control of Mt Forrest Iron Project with $1.6M Capital Boost

12:42pm on Wednesday 29th of October, 2025 AEDT
Key Points
  • Executed option to acquire Norton's 35% stake in Mt Forrest iron ore project
  • Raised A$1.6 million via share placement to fund project acceleration
  • Ongoing discussions for Mid-West Shared Infrastructure Project to support ore transport
  • Issued shares and options to consultants for technical and economic assessment
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