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MGX Resources Limited (ASX:MGX)
ALERT: Price-sensitive ASX Announcement for MGX
Current share price for MGX : $0.330 -0.14 (-29.79%)+
Announcement
Release
20 Oct 2025 7:52PM
Price at Release
$0.470
Full Release
Summary
Mount Gibson Iron Limited (ASX: MGX) requested a voluntary suspension of its securities from quotation on the Australian Securities Exchange, effective 21 October 2025. This suspension is due to a pending announcement related to a rockfall incident at the Koolan Island operation's Main Pit, which occurred on 17 October 2025. The company is currently assessing the situation with external geotechnical specialists and continues to process stockpiled iron ore and manage scheduled shipments. The suspension will remain in place until Mount Gibson provides a detailed update or until trading resumes on 24 October 2025.
Key Points
- Voluntary suspension requested by Mount Gibson Iron Limited.
- Effective from 21 October 2025.
- Related to the impact of a rockfall at Koolan Island's Main Pit.
- Assessment ongoing with geotechnical specialists.
- Suspension to last until detailed update or 24 October 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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