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About Minrex Resources
Its shares trade on ASX under the ticker MRR.AX. It has been listed since 7 November 2011. In the fiscal year to 30 June 2025, it reported revenue of A$461,200 and a net loss of A$2.4m. At that date it held total assets of A$13.0m and shareholders' equity of A$12.8m.
MinRex Resources Ltd. engages in the business of exploration and development of gold, base metal and tin projects in Australia. The company is headquartered in Perth, Western Australia. The company went IPO on 2011-11-07. The firm is focused on the exploration of gold and base metal projects in Western Australia. Its projects include Daltons Gold Project, Bamboo Creek Gold Project, Marble Bar North Gold Project, Marble Bar South Gold Project, Deflector Extended Gold Project and Sofala Projects. The Deflector extended project license comprises a single exploration license of five blocks, which covers approximately 15 square kilometer (km). The Daltons Project license comprises a single exploration license of three blocks, totaling approximately nine square km. The Bamboo Creek project licenses comprise two contiguous exploration licenses, totaling 25 blocks. The Marble Bar North project license comprises a single prospecting license of approximately three hectares. The Marble Bar South project license comprises a single prospecting license of approximately eight hectares. Its Sofala projects are located in the Lachlan Fold Belt.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 7 Nov 2011
- Website
- minrex.com.au ↗
Leadership
Pay as last reported
- Mr. Robert BostonChief Executive Officer, Managing Director, Director, since 2023
- Mr. Stuart TillChief Operating Officer
- Mr. Johnathon BusingCompany Secretary
- Mr. David HannonDirector
- Mr. James PearseNon-Executive Director
- Mr. Ian ShackletonNon-Executive Director
- Mr. Glenn WhiddonNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Minrex Resources Ltd has a strong portfolio of mineral resources, including diverse minerals such as gold, silver, copper, and zinc. This provides the company with excellent opportunities for growth and diversification.
- The company has a highly skilled and experienced management team, which has successfully executed strategic acquisitions, exploration projects, and development initiatives in the past. This expertise enables them to make well-informed decisions and maximize the value of their resources.
- Minrex Resources Ltd has established strong relationships with key stakeholders, including local communities, regulatory bodies, and investors. This enhances their ability to secure permits, licenses, and funding for their projects, ensuring smooth operations.
Weaknesses
- One of the key weaknesses of Minrex Resources Ltd is its heavy reliance on commodity prices. Fluctuations in gold, silver, copper, and zinc prices can significantly impact the company's profitability and financial performance.
- The company operates in regions with geopolitical risks, including political instability and regulatory changes. These uncertainties pose challenges to their operations and may affect their ability to execute projects on time and within budget.
- Minrex Resources Ltd faces competition from other mining companies in the industry. This intensifies the push to discover new mineral deposits and stay ahead of technological advancements to maintain a competitive edge.
Opportunities
- Minrex Resources Ltd can take advantage of the growing global demand for metals and minerals, driven by the expansion of industrial sectors and infrastructure development. This presents opportunities for increased sales and revenue.
- The company can explore strategic partnerships and joint ventures with other mining companies to share risks, pool resources, and access new markets. This can help in expanding their operations and accessing new mineral assets.
- Minrex Resources Ltd can invest in research and development to improve their mining and exploration techniques. This can enhance their ability to extract minerals efficiently and sustainably, reducing costs and minimizing environmental impacts.
Threats
- The mining industry is subject to strict environmental regulations, which may increase in the future due to growing concerns about climate change and sustainability. Minrex Resources Ltd must adapt to these regulations to avoid penalties and reputational damage.
- Global economic uncertainties, such as recessions and trade disputes, can impact mineral prices and demand. Minrex Resources Ltd needs to monitor and mitigate these risks to ensure the long-term viability of their operations.
- Emerging technologies, such as renewable energy and electric vehicles, may reduce the demand for certain minerals used in traditional industries, potentially affecting Minrex Resources Ltd's market opportunities. The company should stay informed about market trends and adapt its strategy accordingly.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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