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MINDAX LIMITED (MDX)

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ASX, Legal & CGT Status

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Our website ranking of MDX: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MDX4
Address: Suite 3, Level 1 17 Ord Street WEST PERTH WA 6005
Tel:  (08) 9485 2600Fax: (08) 9485 2500

Date first listed: 08/12/2004

Sector: Materials Industry Group: XMJ
Activities: Mineral exploration company controlling exploration acreage in excess of 2,900 square km in the Yilgarn Shield of Western Australia - the primary exploration targets are gold deposits, uranium, nickel and copper mineralisation

News & Events

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The suspension of trading in the securities of Mindax Limited will be lifted immediately following the release by MDX of an announcement regarding an update in relation to the Mt Forrest Iron Project joint venture Shareholders Agreement.

01/06/2023

Norton has issued a notice in accordance with clause 5.4 of the SHA to Mindax and Yilgiron. Under the Withdrawal Notice, Norton will not proceed to completion of the Third Earning Condition under the SHA, being the delivery of a Pre-Feasibility Study. The 502 C Class Shares in the capital of the Company will be cancelled for nil consideration and the earning period under the SHA will expire. Norton's shareholding interest in Yilgiron will remain at 35.0%. While the issue of the Withdrawal Notice does not amend the terms of the SHA, as a consequence Mindax will have greater control over appointments to the board of Yilgiron. With 65% shareholding interest in Yilgiron, Mindax is entitled to the greater of three directors or the total number that may be appointed by all other shareholders plus two. Norton is entitled to one director. Norton will be reducing its representation on the Yilgiron Board accordingly. Mindax will now review further development opportunities for Mt Forrest, including seeking alternative joint venture partners to assist with development.

01/06/2023

The securities of Mindax Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MDX, pending the release of an announcement regarding the Mt Forest Iron Project joint venture Shareholders Agreement.

31/05/2023

The suspension of trading in the securities of Mindax Limited will be lifted from the commencement of trading on Wednesday, 1 March 2023, following the release by MDX of an announcement confirming MDX has satisfied all the conditions of reinstatement of its securities to official quotation, as contained in the ASX conditional reinstatement letter, dated 1 November 2022 and revised 31 January 2023.

01/03/2023

The company releaes a notice of application for quotation of securities.

24/02/2023

The Scoping Study has now been completed and received. Mindax and AGIG will meet later this month (February) to consider the outcomes of the Scoping Study in further detail and determine whether they intend to move forward under the HOA and the appropriate pathway.

10/02/2023

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/01/2023

The voluntary suspension is requested pending the Company releasing an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition. The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement or the commencement of trading of 28 February 2023.

31/01/2023

The Scoping Study contemplated under the HOA was due to be delivered by 19 December 2022 but has been delayed and is now due to be delivered by 31 January 2023. Leading industry consultant, Verbrec Engineering has been appointed to prepare the Scoping Study, with subsequent studies to follow, if favourable decisions are reached.

06/01/2023

The Company has executed agreements to strengthen the Company's day-to-day involvement in the management and operation of Yilgiron, the incorporated joint venture company developing the Mt Forrest Iron Project. Mindax, Norton Gold and Yilgiron have executed deeds of variation in respect of the Shareholders Agreement and the Management Services Agreement (previously entered into and announced on 22 July 2021). The restructure of the terms of the Shareholders Agreement and the Management Services Agreement satisfies one of the conditions precedent set out by ASX Limited with respect to the reinstatement of the Company's securities to official quotation.

12/12/2022

The Company has commenced an exploration campaign with on-ground exploration commencing prior to Christmas 2022. The Company has budgeted to complete an initial lithium pegmatite exploration programme at Mt Forrest comprising of the following: Review of historical exploration information and satellite imagery and review existing airborne and ground magnetic-radiometric survey data. This work has commenced and is due for completion prior to Christmas 2022; first pass reconnaissance soil sampling to commence in December 2022 with further mapping via walked traverses to identify areas of interest containing sub-cropping weathered pegmatite and banded aplite in January 2023; undertake stream sediment samples collection, following assaying for a broad element suite; broad soil sampling programme over larger strike; rock chip sampling from potential weathered pegmatitic rubble if identified from field reconnaissance.

12/12/2022

The company releases an Appendix 3G.

05/12/2022

The company releases a notice of proposed issue of securities.

01/12/2022

Assays from MF6 have defined three high grade BIF units which are up to 100m wide and have a strike length of over 1km. The best intercept returned from the prospect is 234m at 70.2% Fe and 2.8% Si in hole MFC0692 utilising a Davis Tube Recovery assay technique at a grain size of 80% passing 40 micron. Assays from additional sampling completed at MF1 and MF2 continue to confirm the continuity and thickness of the previously intersected high-grade magnetite bands. Geological interpretation of the results is continuing prior to 3D modelling of this mineralisation being completed by third party consultants.

25/11/2022

A further 6,451m of RC and 1,189m of diamond drilling was completed at the project targeting the MF1 and MF6 prospects and this concludes the exploration drilling programme. A grand total of 41,437.8 m was drilled which includes 38,044m of RC drilling for 123 holes and 3,393.8 m of diamond drilling for 12 holes. Iron assays for MF2 have reconfirmed the continuity and thickness of the high-grade magnetite bands previously intersected and extended the strike length to up to 3km through areas that had previously not been drilled. Individual Banded Iron Formation (BIF) units have returned intercepts up to 100m width with Davis Tube Recovery assays of greater than 68% iron and less than 10% silica. Assays from MF2 have defined a new BIF unit to the east of the main ridge which has the potential to add additional high-grade mineralisation to the prospect. RC Drilling was completed at MF6 and has confirmed the presence of high-grade magnetite within the BIF units and assays are expected to be returned during Q4 2022. Geological interpretation of the drilling results and 3D modelling of this mineralisation is well underway and is on target for handover to a third party to generate an updated mineral resource estimate for MF1, MF2 and MF6 which is due for completion in Q4 2022.

17/11/2022

The company releases the results of its meeting.

16/11/2022

The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement on the response to a price and volume query or the commencement of trading of 1 February 2023.

14/11/2022

A binding heads of agreement with AGI Operations Pty Ltd (a company within the Australian Gas Infrastructure Group of companies) and Yilgiron Pty Ltd executed. "¢ HOA contemplates the preparation of studies to understand the feasibility and costs associated with the development of infrastructure for the commercially viable export of iron ore, in the form of magnetite, from the Mid West of Western Australia, including supply of power and water.Mindax to pay $200,000 by 21 November 2022 (within 10 business days of the date of the HOA) to AGIG to fund a Scoping Study. Scoping Study to be delivered by 19 December 2022 (30 business days after the date of the HOA). Subject to the parties approving the Scoping Study: AGIG will lead a PFS and contribute labour and services on an in-kind basis to a PFS, up to the value of $1 million and Mindax will contribute a further $1.8 million to the PFS. Verbrec Engineering to be appointed to prepare the Scoping Study, with subsequent studies to follow, if favourable decisions are reached.

09/11/2022

The company releases a letter to its shareholders regarding the AGM.

31/10/2022

The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement regarding a response to a price and volume query received from ASX or the commencement of trading on 16 November 2022.

31/10/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/10/2022

The company's AGM will be held at 12:00pm (AWST) on Wednesday, 16 November 2022.

18/10/2022

The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement regarding potential material project acquisition or a response to a price and volume query or the commencement of trading on 2 November 2022.

17/10/2022

The voluntary suspension is requested pending the Company releasing an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition. The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement or the commencement of trading on 19 October 2022.

30/09/2022

The company lodges the following: Annual Report to shareholders and Appendix 4G and Corporate Governance Statement.

29/09/2022

The company's AGM will be held on 16 November 2022. Any director nominations must be received at the company's registered office no later than 5:00pm (AWST) on Wednesday, 5 October 2022.

28/09/2022

The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement regarding a response to a price and volume query and details on a potential material project acquisition or the commencement of trading on 5 October 2022.

19/09/2022

The voluntary suspension is requested pending the Company releasing an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition. The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement or the commencement of trading on 21 September 2022.

06/09/2022

The company is requesting a further extension to the voluntary suspension of its securities pending the release of an announcement regarding a response to a price and volume query received from ASX and details on a potential material project acquisition. The voluntary suspension is requested to remain in place until the earlier of the company releasing the announcement or the commencement of trading on 7 September 2022.

23/08/2022

The company releases a notice of application for quotation of securities.

12/08/2022

The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement on the response to a price and volume query received from ASX and potential material project acquisition or the commencement of trading on 24 August 2022.

09/08/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

29/07/2022

The Company requests a further extension to the voluntary suspension of its securities be granted. The voluntary suspension is requested pending the Company releasing an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition. The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement or the commencement of trading on 10 August 2022.

26/07/2022

The company releases an application for quotation of securities.

19/07/2022

A further 10,000m of additional exploration and definition drilling has been added to the drill program. A new Target, MF6, refer to figure 1 has been included and is well underway with encouraging assay results continuing to validate and verify the strong continuity of the high-grade magnetite iron mineralisation for MF1 and MF2. A total of 31,593 Reverse Circulation metres has been drilled. Drilling continued at the two key locations, MF1 and MF2. A total of 2,204 Diamond Drilling ("DD") metres has been drilled. Drilling was completed at MF2 and is now currently drilling at MF1 refer to Figure 1. Diamond core will be cut early next month for assaying. Phases 2 and 3 of the RC drilling at MF1 and MF2 is now complete with 43 holes for 13,830m drilled. Drilling continues to verify and extend the continuity of several high-grade magnetite bands with Davis Tube Recovery("DTR") assays confirming band widths up to 100m with Davis Tube Concentrate iron grades >68% Fe with less than 10% Si, refer to assay tables. The central section of MF2 was drilled for the first time validating the magnetite presence and continuation at depth. Phase 1 drilling at MF6 is currently in progress with 20% of the program completed. Ongoing work on a scoping study to determine risks and opportunities is currently on schedule.

18/07/2022

The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement on the response to a price and volume query received from ASX and details on a potential material project acquisition or the commencement of trading on 27 July 2022.

13/07/2022

The company releases a notice of application for quotation of securities

30/06/2022

The company requests a further extension to the voluntary suspension of its securities pending the release of an announcement regarding a response to price and volume query received from ASX and details on a potential material project acquisition. The suspension is requested to remain in place until the earlier of the company releasing the announcement or the commencement of trading on 13 July 2022.

28/06/2022

The company requests a further extension to the voluntary suspension of its securities pending the release of an announcement regarding a response to a price and volume query and details on a potential material project acquisition. The voluntary suspension is requested to remain in place until the earlier of the company releasing the announcement or the commencement of trading on 29 June 2022.

14/06/2022

The company requests a further extension to the voluntary suspension of its securities pending the company releasing an announcement regarding a response to a price and volume query received from ASX and details on a potential material project acquisition. The suspension is anticipated to remain in place until the company makes an announcement or the commencement of trading on 15 June 2022.

01/06/2022

The company releases a notice of application for quotation of securities.

24/05/2022

The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement or the commencement of trading on 2 June 2022.

18/05/2022

The Company requests a further extension to the voluntary suspension of its securities be granted pursuant to ASX Listing Rule 17.2. The voluntary suspension is requested pending the Company releasing an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition. The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement or the commencement of trading on 17 May 2022.

02/05/2022

The company releases an update on its Mt. Forrest project. A 35,000m staged exploration and definition drilling program is well underway with encouraging assay results continuing to validate and verify the strong continuity of the high-grade magnetite iron mineralisation. Drilling is focussed at two key locations. Phase 1 of the RC drilling at MF1 is complete with 33 holes for 9,109m drilled. Drilling verifies and extends the continuity of several high-grade magnetite bands with Davis Tube Recovery assays confirming band widths up to 40m, some extending over 800m reporting Davis Tube Concentrate iron grades >68% Fe with less than 10% Si, refer to assay tables. New drilling on the Southern extensions on both western and eastern fold limbs have successfully extended high grade mineralisation by a further 250m and remains open. Magnetite mineralisation extended by over 300m on the far eastern limb. Phase 1 drilling to the south at MF2 is currently in progress with 70% of the program completed with 25 holes for 6,760 m drilled. Diamond Drilling is underway at MF2 with 4 out of the 16 planned holes completed for 632m. Work on a scoping study to determine risks and opportunities is underway and results anticipated to be completed in late June 2022.

29/04/2022

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

28/04/2022

Detailed processing and structural interpretation has been completed for a high-resolution sub-audio magnetic ground geophysical survey over the project area and produced several new targets. SAM data has highlighted structural trends and geological domains that potentially can be controls on gold mineralisation and further discovery. Designed to complement the existing project database, including high-grade results from previous drilling. Five year extension of term granted over E51/1705.

20/04/2022

The Company requests a further extension to the voluntary suspension of its securities be granted pursuant to ASX Listing Rule 17.2. The voluntary suspension is requested pending the Company releasing an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition. The voluntary suspension is expected to remain in place until the earlier of the Company releasing the announcement or the commencement of trading on 3 May 2022.

12/04/2022

The Company requests that an extension to the voluntary suspension of its securities be granted pursuant to ASX Listing Rule 17.2 from the commencement of trading on Tuesday, 22 March 2022. The voluntary suspension is requested pending the Company releasing an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition. The Company requests the voluntary suspension remain in place until the earlier of the Company releasing the announcement or the commencement of trading on 12 April 2022.

21/03/2022

The company lodges its Half Year Accounts.

16/03/2022

The company releases a notice of application for quotation of securities.

04/03/2022

The securities of Mindax Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MDX, pending the release of an announcement regarding a response to a Price and Volume Query received from ASX and details on a potential material project acquisition.

28/02/2022

The suspension of trading in the securities of Mindax Limited will be lifted from the commencement of trading on Friday, 14 May 2021, following the completion of a capital raising and a release by MDX of an announcement regarding an activities update.

13/05/2021

The company issues a prospectus for the offer of up to 1,000 shares at an issue price of $0.005 per share to raise up to $5 (before expenses).

13/05/2021

The Meekatharra North gold project and the Mt Forrest iron project have not changed since the company was suspended from trading, and the company has not undertaken any action to divest or acqiure additional tenure. The result of the capital raising and the forgiveness of outstanding debts, the company's cash position is ~$1.9 million with working capital as at 12 May 2021 of $1.59m. The recently completed capital raising has allowed the company to accelerate and expand on the exploration efforts on the Meekatharra North gold project. In relation to the binding heads of agreement, Norton Gold has deposited $10m into a bank account to which Mindax is a signatory but which Norton Gold and the company jointly control. A further $10m is to be deposited into the account (within 14 days of the receipt of FIRB approval). Norton Gold has advised that FIRB approval has been received. Despite the conditionality of FIRB approval to the BHOA, the parties begun operating under the terms of the BHOA and formed a joint venture operating committee to plan the early assessment works, scope activities and plan for resourcing of the joint undertaking. Substantial costs have been incurred at Norton Gold's risk to advance the Mt Forrest project ahead of FIRB approval to the BHOA. Formal agreements to expand on the BHOA are now being prepared.

13/05/2021

The company releases a notice of Proposed issue of Securities - MDX.

11/05/2021

Norton Gold has now received FIRB approval for its proposed earn-in of a 19.9% interest in Mindax's Mt. Forrest project.

10/05/2021

Drilling has commenced at the company's 100% owned Meekatharra North Gold Project. Phase 1 of the 14 hole, 2,380m reverse circulation percussion drilling programme is anticipated to be completd in approximately a fortnight with initial laboratory assays expected within four weeks of finishing drilling.

03/05/2021

The company lodges its Quarterly Activities Report.

28/04/2021

The company lodges its Quarterly Cashflow Report.

28/04/2021

John Vinar has been engaged as a full-time consultant by the Company and appointed Exploration Manager for the Meekatharra North Gold Project. Dr Jordan Jiangiian Zhu has been appointed Exploration Manager for the Mt Forrest Iron Project. The Company has approved a drilling programme to be conducted at the 100% owned Meekatharra North Gold Project. A drill rig has been successfully secured and the programme is scheduled to commence on 30 April 2021.

23/04/2021

The company lodges its Half Year Accounts.

11/03/2021

Agreement has been reached with respect to the forgiveness of a major portion of accrued director fees. The fees have accrued over an extended period of time and have remained unpaid until now. Under the terms of the forgiveness the directors and a former director have agreed to forgive, for no consideration, 80% of fees accrues from 1 April 2015 to 31 December 2020. The total fees forgiven is $775,805. The remaining balance of $193,951 has been recently paid.

04/03/2021

The company lodges its Quarterly Activities Report.

01/02/2021

The company lodges its Quarterly Cashflow Report.

01/02/2021

The Company now has approximately $2.4M in available cash reserves. The Company's short term funding requirements are now satisfied, and the raising provides sufficient working capital to allow it to pursue its objectives.

27/01/2021

The company releases an Appendix 2A.

25/01/2021

The company releases an Appendix 2A.

11/01/2021

The company releases an Appendix 2A.

03/12/2020

The company lodges its Quarterly Cashflow Report.

30/10/2020

The company lodges its Quarterly Activities Report.

30/10/2020

The company releases the results of its meeting.

23/10/2020

The company releases an Appendix 2A.

09/10/2020

The company releases an Appendix 2A.

06/10/2020

The company releases an Appendix 4G and Corporate Governance Statement.

29/09/2020

The company lodges its Annual Report to shareholders.

29/09/2020

The company releases a notice of AGM. The AGM will be held at 10:00 am on 23 October 2020 at Suite 2 11 Ventnor Avenue West Perth WA 6005.

24/09/2020

The company lodges its Quarterly Activities Report.

29/07/2020

The company lodges its Quarterly Cashflow Report.

29/07/2020

The company releases an Appendix 2A.

16/07/2020

The rights issue closed on 10 July 2020 with the following result: Total number of New Shares offered: 416,328,544; Number of New Shares applied for: 3,137,416; Shortfall applications received: 41,000,000; Remaining Shortfall: 372,191,128. The company will proceed to place the remaining shortfall balance of 372,191,128 New Shares.

15/07/2020

The prospectus and entitlement forms were dispatched to shareholders today, 22 June 2020.

22/06/2020

The company releases separate letters to eligible and ineligible shareholders regarding its non-renounceable entitlement offer.

15/06/2020

The company issues a prospectus for a non-renounceable entitlement offer of two (2) Shares for every five (5) Shares held by Eligible Shareholders, at an issue price of $0.005 per Share to raise up to $2,081,642.

12/06/2020

The company will conduct a non-renounceable entitlement offer to shareholders on the basis of two (2) new shares for every five (5) shares held at the Record Date at an issue price of $0.005 per new share to raise approximately $2.08m. Proceeds from the Offer will be applied to progress the Mt Forrest Iron Project, to re-assess the Meekatharra Gold Project, to the costs of the Offer and the Company's ongoing working capital requirements.

12/06/2020

The company releases a notice of Proposed issue of Securities - MDX.

12/06/2020

The company releases an Appendix 2A.

28/05/2020

The company lodges its Quarterly Cashflow Report.

23/04/2020

The company lodges its Quarterly Activities Report.

23/04/2020

The company releases an Appendix 2A.

30/03/2020

The company lodges its Half Year Accounts.

13/03/2020

The company lodges its Quarterly Activities Report.

28/01/2020

The company lodges its Quarterly Cashflow Report.

28/01/2020

The company releases the results of its meeting.

12/11/2019

The company lodges its Quarterly Cashflow Report.

31/10/2019

The company lodges its Quarterly Activities Report.

31/10/2019

The company's AGM will be held at 12:00 (noon) on 12 November 2019 at Suite 2 11 Ventnor Avenue West Perth WA 6005.

11/10/2019

The company lodges its Appendix 4G and Corporate Governance Statement.

27/09/2019

The company lodges its Annual Report to shareholders.

27/09/2019

The company lodges its Quarterly Activities Report.

31/07/2019

The company lodges its Quarterly Cashflow Report.

31/07/2019

The securities of Mindax Limited will be suspended immediately, in accordance with Listing Rule 17.3, pending confirmation of compliance with Listing Rules 12.1 and 12.2.

26/06/2019

The suspension of trading in the securities of Mindax Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company regarding its Heads of Agreement with Sumitomo Corporation. Security Code: MDX MDXOA

27/03/2012

shares suspended from quotation pending release of an announcement

21/03/2012

the suspension of trading in the securities of Mindax Limited (the "Company") will be lifted immediately, following the release of an announcement concerning iron ore resource update

14/04/2011

the securities of Mindax Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement concerning capital raising and iron ore resource update. Security Code: MDX MDXO

11/04/2011

shares suspended from quotation pending release of an announcement

19/10/2007

shares reinstated to quotation

19/10/2007

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    17/12/2018Andrew Tsang-100,000$0.012$1,245
    13/12/2018Andrew Tsang-2,240,937$0.014$31,284
    27/05/2014Andrew Tsang190,000$0.055$10,450
    10/07/2013Andrew Tsang175,000$0.135$23,625
    05/07/2013Andrew Tsang200,000$0.125$25,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Benjamin ChowChairman06/10/2009
    Qinglong ZengNon Exec Director19/06/2019
    Biaozhun ZhuNon Exec Director08/04/2020
    Dennis WilkinsCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Eric LohNon Exec Chairman29/03/201212/11/2021
    Yonggang LiNon Exec Director18/04/201312/11/2021
    Andrew TsangNon Exec Director18/11/201012/06/2019
    Gilbert GeorgeChairman05/01/200431/05/2014
    Steve WardManaging Director, CEO30/07/201231/05/2014
    Christopher PougnaultCFO25/02/201131/05/2014
    Chenfei ZhuangAlternate Director18/04/201329/06/2013
    John StacpooleNon Exec Director27/04/201220/08/2012
    Kenneth PettitDirector16/05/201114/05/2012
    Gregory BromleyManaging Director30/10/200327/04/2012

    Date of first appointment, title may have changed.