MDX 2.44% 4.2¢ mindax limited

260% increase in magnetite JORC resource to 1.01 billion tonnes...

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    260% increase in magnetite JORC resource to 1.01 billion tonnes but the DSO resource upgraded to 4.5MT at 54.3%Fe. The DSO resource has been impacted by limited depths of 25m or less and a decrease in density.

    A drill program of 14,500m is set to commence late in October to increase the resource size.

    I wonder how the market will react, Mt Forrest is developing into a large magnetite resource but the DSO resource is a bit disappointing.
 
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