Slide 1: Overview of Uranium Exploration
MINDAX LIMITED For personal use only abn 28 106 866 442 Overview of Uranium Exploration September 2008
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Mindax Limited (ABN 28 106 866 442), a public company listed on the Australian Stock Exchange. For personal use only The presentation is based on internal company reports, stock exchange announcements and technical information believed to be reliable but
Slide 3: Mindax Overview
MINDAX OVERVIEW An EXPLORATION COMPANY For personal use only focusing on NEW and UNDER-RECOGNISED resource positions Tenement coverage (granted, applications) 6,000km2 In Western Australia The Company is presently looking gold, copper and iron . A major interest is the Yilgarn-Avon Uranium Project i
Slide 4: Corporate Capital Structure
Corporate CAPITAL STRUCTURE Chairman Gilbert George Managing Director Greg Bromley Non-executive Director Nicholas Smith For personal use only Issued Shares 129.12 Million Non-executive Director Andrew Tsang Company Secretary Angelo Francesca (MDX) Shareholders ~800 52 week trading 6.4 – 45c range M
Slide 5: Mindax Assets
For personal use only Mindax assets Au Mindax tenement holdings now Au + Fe total U ~6,000km2 Fe+Au throughout the Cu + Au Yilgarn Craton in Western Australia Cu + Au Fe U
Slide 6: Uranium Projects
Uranium PROJECTS For personal use only Uranium is critical to CO2 averse power demand in an increasingly power reliant future It offers strong base load generation with a very small footprint both spatially and environmentally Australia has an established position as a supplier and a capacity to pla
Slide 7: Mindax Limited tenements and neighbours
Mindax Limited HEATHGATE RESOURCES PL ASX-MDX Beverly Uranium Mine For personal use only iron exploration gold-copper exploration QUASAR RESOURCES uranium Mindax PL exploration uranium exploration Energy PL CRC LEME Yilgarn Avon Joint Venture
Slide 8: CRC LEME Uranium in Water Project
CRC LEME Uranium in Water Project For personal use only CRC LEME Project – Uranium in Water Flows from Wheatbelt Salinity Programme Currency 2006-2007 •Hydrogeochemistry •Mineral Speciation •Radiogenic Isotopes •Sampling Methodology •Modeling Methodology
Slide 9: Geography
For personal use only GEOGRAPHy
Slide 10: 'Hot' granites
‘Hot’ granites For personal use only
Slide 11: Drainage Development
DRAINAGE DEVELOPMENT • Eocene Palaeochannel For personal use only Development ~ 50Ma • Final Antarctic Separation ~ 45Ma • Isostatic uplift Ravensthorpe ramp • Intensive Oligocene Weathering ~ 40-25Ma • Miocene-Pliocene Channel Fill ~ 10-5Ma • Darling Range Uplift ~ 10-5Ma • Pleistocene-Recent Chann
Slide 12: Palaeochannel geology
Palaeochannel geology For personal use only After Salama (1997)
Slide 13: Distribution of U in water
DISTRIBUTION OF u in water For personal use only
Slide 14: U in water range
For personal use only U IN WATER RANGE
Slide 15: U vs Eh distribution in Wheatbelt waters
M MINDAX LIMITED U VS EH \. Central *: * Drainage Divide | Darling Range Drainage Divide Uranium in Water @ 50010120 @ Sto 3) 4 10010 250 * e . ee Eh DISTRIBUTION IN WHEATBELT WATERS - Oto 25 ‘ \ ‘ M MINDAX ENERGY PTY LIMITED
Slide 16: Radiometrics
For personal use only radiometrics
Slide 17: Hydrogeochemical Model
Hydrogeochemical MODEL For personal use only
Slide 18: Exploration Model
EXPLORATION MODEL For personal use only Sediment hosted types >45% global production, deposits to 35Kt U3O8, districts to >70Kt, grades av 0.35%,
Slide 19: Elachbutting Hill traverses
Elachbutting hill traverses For personal use only Traverse 1 Traverse 2
Slide 20: E Hill traverse
E hill traverse 1 For personal use only SOUTH NORTH 50 8 9 00 1 0 9 3 4 4 4 3 00 00 A 00 00 00 YA A A A A A YA YA YA YA YA 27m 29m 6.6 10.8 10.7 6.8 7.5 5.8 50m 7.3 0 100 200 56m 59m 62m metres
Slide 21: E Hill section
E hill section 2 For personal use only 56 NORTH 00 A YA 63.8 93.7 78.3 65m 55 00 A YA 12.2 10.1 20.9 41.5 10.8 65m 1 4 5 2 5 00 5 00 00 A A A YA YA YA 15.4 16.5 26.6 18.8 25.8 17.5 15 20.1 53m 56m SOUTH 59m
Slide 22: Hole yyyy
For personal use only Hole yyyy
Slide 23: Mortlock project
Mortlock project For personal use only Tungsten U Channel Uranium #S #S #S #S #S #S #S #S #S #S #S #S 6560000 N 6560000 N #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S #S S# #S #S #S #S #S S# #S #S U (mg/L) #S #S #S #S #S #S #S #S <0.005 6540000 #S #S #S W
Slide 24: Future program
Future program For personal use only The Yilgarn-Avon joint venture intends to continue profiling along the Yilgarn palaeochannel through the remainder of 2008. We will also seek further research co-operation with a view to a wider appreciation of the hydrogeochemistry within the catchment with a vi