MGX Resources Ltd

MGX

Company Profile

  • Business description

    MGX Resources Ltd is engaged in mining, processing and direct shipment of hematite iron ore, and rehabilitation at the Koolan Island mine site in the Kimberley region of Western Australia; exploration and associated activities to progress the Central Tanami Project Joint Venture site in the Northern Territory toward development; management of its treasury reserves; and the pursuit of mineral resources acquisitions and investments. Its segments are Coolan Island, and MGX Tanami. Majority of revenue comes from Coolan Island which includes the mining, processing and shipping of iron ore direct from the Koolan Island iron ore operation. The MGX Tanami segment includes exploration and evaluation of its owned and the Central Tanami Project Joint Venture (CTPJV).

  • Contact

    2 Kings Park Road
    Level 2
    West Perth
    PerthWA6005
    AUS

    T: +61 894267500

    https://www.mgx.com.au

  • Sector

    Basic Materials

    Stock type

    Cyclical

  • Industry

    Steel

    Fiscal Year End

    Employees

    172

Stocks News & Analysis

stocks

SpaceX is scaling AI infrastructure on earth, data centers in space might be next

Our view on the first results as a publicly traded company.
stocks

A look into newly listed Glencore’s valuation

A new ASX heavyweight with coal, copper and trading exposure.
stocks

Meta is up 9% this year. Is it still a buy ahead of earnings?

We’ll be watching Muse agent adoption, revenue growth, and more.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries8,956.6012.400.14%
CAC 407,850.7912.300.16%
DAX 4025,287.0117.41-0.07%
Dow JONES (US)52,495.88529.851.02%
FTSE 10010,712.0720.93-0.20%
HKSE23,625.18242.56-1.02%
NASDAQ26,424.826.07-0.02%
Nikkei 22564,621.24545.820.85%
NZX 50 Index13,761.29129.600.95%
S&P 5007,712.5721.840.28%
S&P/ASX 2008,831.3014.400.16%
SSE Composite Index3,713.0322.34-0.60%

Market Movers