MGX Resources Ltd - Company Profile
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Business Description
MGX Resources Ltd (MGX) formerly known as Mount Gibson Iron Ltd is a producer of iron ore in Australia. The company, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of iron ore deposits. As of June 2024, the company had total mineral resources of 19.1 million tons of Iron Ore at a grade of 62.8% Fe, and ore reserves of 7.2 million tons at 65.1% Fe. The company classifies its operations into one segments: Koolan Island.
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