Mount Gibson Iron (ASX:MGX) is proposing to change its company name at a general meeting on 12 November to MGX Resources.
This name change will reflect the scheduled end of iron ore production at the Koolan Island operation in late 2026 and follows the prior completion of Mount Gibson’s other iron ore operations at Extension Hill, Tallering Peak, and Shine in Western Australia.
The company says its name should more appropriately reflect an intended transition to become a diversified producer of other minerals, most notably precious and base metals.
The group says the move is consistent with a recent conditional agreement to acquire a 50% stake in the advanced Central Tanami Gold Project in the Northern Territory.
The company says the name change aligns its name with the ASX ticker code, which has been trading since listing in 2002.
Mount Gibson Iron is an independent Australian producer of iron ore products with assets in the Kimberley and Midwest regions of Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Mount Gibson Iron
