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Mindax Continues Discussions With Potential Partner For Mt Forrest Iron Ore Project

Mindax (ASX: MDX) is advancing discussions with a potential strategic partner to fast track the development of its Mt Forrest Iron Project.

Located in the northern part of the Yilgarn Iron Province, Mindax's Mt Forrest Iron Ore project is 150 kilometres northwest 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 (DSO) component of Mt Forrest.

Mindax said "discussions continue to advance in a constructive and positive manner".

The company will issue a further announcement upon finalisation of discussions.

Mindax's emphasis is on developing a low phosphorus DSO export operation which could generate early cashflows to enhance the economics of a subsequent magnetite operation.

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