MGX Resources Limited (ASX Code: MGX) is an established independent Australian miner that listed on the Australian Stock Exchange (ASX) as Mount Gibson Iron in 2002.

MGX has exported over 90 million tonnes of iron ore from its operations in the Mid West and Kimberley regions of Western Australia since sales commenced in early 2004. Production was concluded at the Mid West operations in 2021 and these assets were divested in mid-2023.

The Company’s flagship production asset is the Koolan Island mine in WA’s Kimberley region from which it has exported over 40Mt since 2007. Production is currently limited to processing and sale of stockpiled lower grade material following a significant rockfall in October 2025.

With the end of production approaching at Koolan Island, MGX is diversifying into precious and base metals, notably through its agreed acquisition of a 50% interest in the advanced high-grade Central Tanami Gold Project in the Northern Territory. The Company is targeting completion of the transaction by 31 March 2026.

The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of WA.

Our Vision: The MGX Way

The MGX Way provides us with a behavioural guide on how to sustainably deliver shareholder value. It includes always putting the health and safety of our people first, working together with communities in which we operate, and undertaking our activities in an environmentally responsible and sustainable manner.

This approach, and the Company’s relationships with shareholders, employees, contractors, suppliers, Traditional Owner groups, regulators, landowners, local communities and interest groups ensure we have the appropriate expertise, support and permits to thrive in our areas of operation.

Integrity

• Do what you say you will do
• Do the right thing, even when no one is looking
• Walk the talk

Safety

• Genuine care for self and others
• Constant concern (hazard identification)
• Actively intervene to improve

Respect

• Be approachable and open to other points of view
• Treat others as you would expect to be treated
• Grab the opportunity

Agility

• Make timely decisions
• Be dynamic and embrace change
• Encourage and develop people

Courage

• Taking and giving feedback
• Be prepared to admit being wrong
• Challenge the norm constructively
• Make the hard calls