** Shares of Mindax MDX.AX fall 3.2% to A$0.061, their lowest level since July 2

** Stock logs biggest pct loss since June 30

** Mineral explorer completes A$1.6 mln ($1.05 mln) placement at 4.8 AU cents per share

** Place price at a 23.8% discount to last close

** Stock up 52.5% YTD

($1 = 1.5274 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))