Mindax Limited is a Western Australian mineral explorer whose flagship asset is the Mt Forrest magnetite iron project, a seven-mining-lease, ~53km2 property in the Yilgarn province of WA's Mid-West region, held via a joint venture in which Mindax holds 65% (Norton Gold Fields the remaining 35%, which Mindax has secured the right to acquire). The project carries a JORC Mineral Resource of approximately 1.7 billion tonnes at 31.8% Fe (Indicated + Inferred), including 422.37 million tonnes in the Indicated category at 41.42% mass recovery / 64.76% concentrate Fe grade -- no PEA/PFS has yet been completed. The company continues metallurgical test work (~4 tonnes of representative magnetite samples tested at CERI) and is seeking a development partner, alongside ongoing engagement on the Mid-West Shared Infrastructure Project, a proposed shared rail/port solution for Mid-West magnetite miners. Mindax also holds an earlier-stage gold exploration portfolio (Meekatharra and Mt Lucky projects) in WA's Murchison and Eastern Goldfields regions, secondary to its iron ore focus.
Notable vs. Peers
- Jurisdiction risk score of 9/10 is meaningfully safer than the peer average of 7.3/10.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Trend data collecting — check back after a few more refreshes.
Your Rankings
Management Team
Non-Executive Chairman of Mindax Limited, appointed effective 21 August 2026 as part of a full board reconstitution the same day Benjamin Chow, Biaozhun Zhu and Qinglong Zeng resigned as directors.
Non-Executive Director of Mindax Limited, appointed effective 21 August 2026.
Non-Executive Director of Mindax Limited, appointed effective 21 August 2026.
Company Secretary of Mindax Limited since 2014. B.Bus, MAICD, ACIS. Founder of DWCorporate Pty Ltd (corporate advisory firm); former Finance Director at Lynas Corporation Ltd; founding director of Atlas Iron Limited.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
commodity=OTHER: IRON is not a Commodity enum value, so this iron-ore-primary company is recorded as OTHER pending a possible future enum addition (matching how this schema already handles other non-enumerated commodities). ouncesFound deliberately NOT written: Mt Forrest's resource is reported in tonnes of ore at a stated Fe grade (1.7Bt @ 31.8% Fe), not contained troy ounces or pounds of metal -- ouncesFound/ouncesFoundUnit and DEPOSIT_SIZE_CURVES (src/lib/scoring.ts) have no calibrated tonnage-based unit, so writing this figure in would misrepresent deposit size against this field's existing oz/lb convention. A schema gap, not a research gap -- flagged for a future decision rather than worked around unilaterally. cashPositionUsd deliberately NOT written: no primary-sourced, dated current cash figure was found this pass (stockanalysis.com's balance-sheet data was 8 months stale at Dec 2025). No PEA/PFS exists for Mt Forrest as of this seed (2026-08-25) -- dcfNpvUsd/irrPct/mineLifeYears genuinely absent, not an unresearched gap.