Mindax Acquires 5% Stake in Western Australia Project for AU$3 Million

MT Newswires Live

2025/04/16

Mindax (ASX:MDX) acquired a 5% stake in exploration company Cashmere Iron for AU$3 million, eyeing the potential of the Cashmere Downs Iron Project, according to a Tuesday filing with the Australian bourse.

The investment, funded from Mindax's cash reserves, involves the purchase of 19.7 million new shares in Cashmere, the filing said.

Further acquisition opportunities in the area are under review, the filing added.

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