Slide 1: Overview of Iron Exploration
MINDAX LIMITED For personal use only abn 28 106 866 442 Overview of Iron 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 uranium . A major interest is the Mt Forrest Iron Project in
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: Iron projects
For personal use only Iron projects Iron is critical to the modernisation of Asia. Australia is an established key supplier. Quality material has a secure place in the supply train. Small companies can secure niche positions or can band with others to take larger positions in the industry and take a
Slide 7: Western Australian Iron Ore Exports 2007
Western Australian Iron Ore Exports 2007 For personal use only WA vs Australia Europe Taiwan Other 1.8% 4.0% 0.1% Million tonnes IRON ORE QUANTITY 300 South Korea 11.2% 250 200 Rest of Australia Western Australia 150 100 WA China 54.1% 50 Japan 0 28.7% 1950 1955 1960 1965 1970 1975 1980 1985 1990 19
Slide 8: WA Iron Production
For personal use only WA IRON production Hammersley/Pilbara Mid West Central Yilgarn PILBARA 2007 – 250 Mt NT Projected -400 Mt Tas 2007 – 8 Mt YILGARN Projected - ? MID- map WEST 2007 – 2 Mt Projected – 60 Mt
Slide 9: Iron Ore specifications
Iron Ore specifications Fe 55 - 69% Direct shipping high-grade ores (DSO): SiO2 < 5% For personal use only Lump preferred to fines P < 0.07 S < 0.05% Pelletizing of fines Al2O3 < 2% LOI 7 – 10% Low phosphorus ores, preferred for high tensile steel production, particularly pressure pipe. High silica
Slide 10: Yilgarn Iron Province
yilgarn iron province Iron Occurence Mindax Ltd For personal use only Red Rock Plc BOOYLGOO Jupiter Mines Ltd TEN MILE Golden State Resources Ltd Map Area Iron Mountain Mining Ltd Perth Mabrouk Minerals Pty Ltd MT FORREST Macarthur Minerals Ltd CASHMERE DOWNS MT RICHARDSON Polar
Slide 11: Mt Forrest – Bulga Downs
For personal use only mt forrest – bulga downs Looking north along Cabaret limb Major Attributes of Mt Forrest Average analyses of surface samples within target areas • Folded iron formations over Minimum Maximum Mean Fe 62.880 63.430 63.093 17 km of strike SiO2 2.230 8.310 4.607 P_XRF 0.024 0.061 0
Slide 12: Mt Forrest Targets
Mt Forrest Targets Exploration target estimation has been calculated using the area of outcrop of ironstone and by applying a density factor of 3.5 to estimate For personal use only tonnes per vertical metre. Extrapolated to a nominal depth of 75metres, this suggests potential for 650-750 Mt of iron
Slide 13: Mt Forrest Iron Ore types
For personal use only Mt Forrest Iron Ore types Typical iron formation ~ 30% Fe Magnetite ore ~ 40% Fe Hematite ore ~ 62% Fe Hematite-goethite ore ~ 60% Fe
Slide 14: Mt Forrest Mapping
Mt Forrest Mapping • Detailed mapping to control drilling with detailed surface sampling (25m) • To date 20% of overall prospective area covered, results pending. For personal use only The area in these pictures Represent an initial 6% of Area to be mapped. Currently 20% has been mapped and assays a
Slide 15: Mt Forrest schedule
For personal use only Mt forrest schedule • first pass exploration completed to exploration target • permitting in progress since Jan 08 • detailed mapping in progress • first pass drilling late Oct08 • preliminary resource estimation Jan09 • scoping study in progress, complete Mar09 • feasibility s