MGX Resources Limited, formerly Mount Gibson Iron Limited, is an Australia-based mining company that is engaged in producing and exporting iron ore products. The Company operates through Koolan Island segment, which includes the mining, crushing and sale of iron ore direct from the Koolan Island iron ore operation. Its Koolan Island operation is located in the Buccaneer Archipelago approximately 140 km north of Derby, in the Kimberley region of Western Australia. The Company has mining and exploration interests in Tallering Peak mining area located approximately 160km northeast of Geraldton, with a focus on exploring for base metals mineralization. The Company has also entered into an agreement to acquire approximately 50% interest in the Central Tanami Gold Project in the Northern Territory.