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Mindax In Discussions With Strategic Partner For Mt Forrest Iron Ore Project

Mindax (ASX:MDX) is in discussions with a strategic partner to fast track development of the Mt Forrest Iron Project in Western Australia.

Located in the northern part of the Yilgarn Iron Province, Mindax's Mt Forrest Iron Ore project is 150 kilometres north-west of the railway line at Menzies which connects with the Port of Esperance iron ore export shipping facility.

The discussions involve the feasibility and development of the direct shipping ore component of Mindax's Mt Forrest Iron Project.

The company said "discussions are well progressed and it is anticipated they will be finalised in the near future."

An announcement is expected upon finalisation of the discussions.

Mindax's emphasis is on developing a low phosphorus Direct Shipping Ore (DSO) export operation which could generate early cash-flows to enhance the economics of a subsequent magnetite operation.

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