Agreement to Divest the Koolan Island Iron Ore Operation
Filed with ASX · · 4 pages · English
Summary by 6ix AI
MGX Resources Limited has announced a binding agreement to divest its Koolan Island Iron Ore Operation to Crestlink Koolan Pty Ltd. The transaction includes both up-front and deferred payments, along with a revenue share component, and Crestlink will take on rehabilitation obligations. This move is part of MGX's strategy to focus on the Central Tanami Gold Project and reposition itself in the precious and base metals sectors.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Watch MGX Resources' latest callMGX Resources (ASX:MGX) Q2 2026 Earnings Call · Replay · Feb 18Read the transcript of MGX Resources (ASX:MGX) Q2 2026 Earnings CallEarlier from MGX Resources
- December 2025 Half-Year Financial Results
- December 2025 Appendix 4D and Half-Year Financial Statements
- Completion of CTPJV acquisition
- Quarterly Activities Report
- FIRB Approval - 50% interest in Central Tanami Gold Project
Later from MGX Resources
- Financial Results for 2025/2026 Financial Year
- FY2026 Appendix 4E and Statutory Financials
- MGX: Groundrush decline agreement signed
- TAM: Groundrush Decline Agreement Signed
- MGX Mining the Territory Conference
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