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MGX Resources Limited
MGX Resources is a Public Company that generates the majority of its income from the Iron Ore Mining industry. In 2025 the company generated total revenue of $383,090,000 including sales and other revenue. In 2025 MGX Resources had 373 employees including employees from all subsidiaries under the company's control. The Chief Executive of MGX Resources is Mr Peter Kerr whose official title is Chief Executive Officer. The Chairman of MGX Resources is Mr Brett Smith whose official title is Non-Executive Chairman. Mount Gibson Iron is a producer of hematite ore, the principal form of iron ore. The company owns the mining rights for the following projects: Extension Hill/Iron Hill, Mount Gibson - A hematite project located 260 km south-east of Geraldton, Western Australia, producing 3 million tonnes of iron ore annually. Mining ceased at the depleted Extension Hill mine in November 2016 with the focus shifting to the development of the Iron Hill mine 3km to the south. Koolan Island - An iron ore project located just off the northern Kimberley coast of Western Australia, currently producing in excess of 3 million tonnes of iron ore annually. Shine Iron Ore Project - The Shine Iron Ore Project is located 85km north of the Extension Hill operation. The operation is currently not active. Mount Gibson Iron also operates a bulk cargo export port at Geraldton.
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What's included in this industry analysis
IBISWorld's research coverage of MGX Resources Limited includes financial statements, operating segments, competitor benchmarking, key personnel and shareholders.
Company Details
What’s this enterprise profile about?
MGX Resources Limited, trading as MGX Resources, operates under the ABN 87 008 670 817 and was incorporated on 06 April 1938. MGX Resources Limited trades on the Australian Securities Exchange under the ticker code ASX:MGX. MGX Resources Limited primarily operates in the Mineral Exploration industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within MGX Resources Limited, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents MGX Resources Limited’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which MGX Resources Limited operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of MGX Resources Limited’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of MGX Resources Limited, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by MGX Resources Limited. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of MGX Resources Limited’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is MGX Resources Limited?
Mount Gibson Iron is a producer of hematite ore, the principal form of iron ore. The company owns the mining rights for the following projects: Extension Hill/Iron Hill, Mount Gibson - A hematite project located 260 km south-east of Geraldton, Western Australia, producing 3 million tonnes of iron ore annually. Mining ceased at the depleted Extension Hill mine in November 2016 with the focus shifting to the development of the Iron Hill mine 3km to the south. Koolan Island - An iron ore project located just off the northern Kimberley coast of Western Australia, currently producing in excess of 3 million tonnes of iron ore annually. Shine Iron Ore Project - The Shine Iron Ore Project is located 85km north of the Extension Hill operation. The operation is currently not active. Mount Gibson Iron also operates a bulk cargo export port at Geraldton.
What industry does MGX Resources Limited operate in?
MGX Resources Limited, trading as MGX Resources, is a Public Company that generates the majority of its income from the Mineral Exploration industry in Australia.
Where is MGX Resources Limited located?
Murray Cod Australia Limited company is based at 2 Kings Park Road, West perth, Western Australia, Australia.
Who is the CEO of MGX Resources Limited?
The Chief Executive Officer of MGX Resources Limited is Brett Smith and the Chief Executive Officer is Peter Kerr.
What was MGX Resources Limited’s revenue in 2025?
In 2025, MGX Resources Limited generated total revenue of approximately $383.1 million.
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