MGX Resources Ltd - Company Profile
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MGX Resources Ltd (MGX) formerly known as Mount Gibson Iron Ltd is an Australian iron ore producer. The company's main activities include the extraction and export of iron ore from its mining operations. Its major product is high-grade hematite iron ore, particularly from its Koolan Island mine. MGX's products are primarily used in the steel manufacturing industry. The company operates in the Kimberley region of Western Australia. It primarily exports its iron ore to China. MGX is headquartered in West Perth, Western Australia, Australia.
Headquarters
Australia
Address
L 1 2 Kings Park Rd, Perth, Western Australia, 6005
Website
www.mgx.com.au
Telephone
61 8 94267500
No of Employees
373
Industry
Metals and Mining
Ticker Symbol & Exchange
MGX (ASX)
Revenue (2024)
$231.1M
-48.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-1378.3%
(2024 vs 2023)
Market Cap*
$292.0M
Net Profit Margin (2024)
XYZ
-2,595.7%
(2024 vs 2023)
* As of and is in US$
MGX Resources Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Product: |
| Iron Ore |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company entered into an agreement to sell Aztec Resources Limited to Crestlink Koolan Pty Ltd. |
| 2026 | Others | In February, the company completed the acquisition of a 50% interest in the Central Tanami Gold Project Joint Venture (CTPJV) from Northern Star. |
| 2025 | Corporate Changes/Expansions | In December, the company changed its name to MGX Resources Limited. |
Competitor Comparison
| Key Parameters | MGX Resources Ltd | Fortescue Ltd | BCI Minerals Ltd | Murchison Metals Ltd | Dotz Nano Ltd |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Perth | Perth | Perth | Perth | Melbourne |
| State/Province | Western Australia | Western Australia | Western Australia | Western Australia | Victoria |
| No. of Employees | 373 | 11,693 | 136 | - | 350 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Brett Smith | Chairman | Executive Board | 2025 | - |
| Peter Kerr | Chief Executive Officer | Senior Management | 2018 | - |
| Gillian Dobson | Chief Financial Officer | Senior Management | 2018 | - |
| David Stokes | Secretary; General Counsel | Senior Management | 2012 | - |
| John Phaceas | Manager- Investor & External Relations | Senior Management | 2012 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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