Mindax Limited · ASX:MDX
Mindax — Paydirt's Uranium Conference 2007
15 slides from Mindax's conference presentation, Mar 23, 2007
Slide 1: Mindax Limited - Paydirt's Uranium Conference
MINDAX LIMITED Paydirt’s Uranium Conference Adelaide, March 2007 EXPLORATION FOR URANIUM IN SOUTH WESTERN AUSTRALIA Mindax Energy Pty Limited Greg Bromley, Managing Director, 23 March 2007
Slide 2: Corporate snapshot and management
n Chairman n Issued Shares Gilbert George n 52.6 Million n Non- Non-executive Director n Options (Jun08) Nicholas Smith n 26.3M n Managing Director Greg Bromley n Shareholders n 468 n Company Secretary Angelo Francesca n Top 20 n 47% n Exploration Manager Ian McDonald n Share Price MDX (MDX0) n 17c
Slide 3: Mindax Projects
Mindax Carnegie Projects Meekatharra Maynard Uranium Bulga Downs Noondie Lakes 3,600 km2 Panhandle Gold 1,100 km2 Yilgarn- Yilgarn-Avon JV Tenements total 4,700 km2
Slide 4: Uranium Projects
Uranium Projects Yilgarn Avon Joint Venture with Quasar Resources 50% Heathgate affiliate CRC LEME Uranium-in-Water Co-operative Research Project New Province Water results to 1000ppb (~ ore) Drilling to commence April Noondie Lakes Project Anomalous U in water identifies new palaeochannel Lake Barl
Slide 5: Yilgarn Avon Joint Venture
Yilgarn Avon Joint Venture • Mindax Energy 50%, and operator • Quasar Resources 50%, • JV area of 100,000 km2, • 2,500 km2 tenements • 160 km of U anomalous trunk palaeochannel • Full budget $850,000 to end 2007
Slide 6: Yilgarn Avon Joint Venture
Yilgarn Avon Joint Venture Yeelirrie Waters background 5- 5-10 ppb U near ore 100- 100-450 ppb U in ore 1200 ppb U
Slide 7: Yilgarn Avon Joint Venture
Yilgarn Avon Joint Venture Palaeodrainages looking north-east
Slide 8: CRC LEME Uranium in Water Project
Yilgarn Avon Joint Venture CRC LEME Uranium in Water Project CRC LEME Project – Uranium in Water Flows from Wheatbelt Salinity Program Currency 2006-2007 Hydrogeochemistry Mineral Speciation Radiogenic Isotopes Sampling Methodology Modelling Methodology
Slide 9: Program
Yilgarn Avon Joint Venture Program Air core drill traversing (April-May) To test for mineralisation, to provide water samples, to define palaeochannel morphology Water Sampling Close up spacing over all tributaries, 1 km sample spacing optimum, 100ppb threshold to 1000ppb in ore Stream sediment and
Slide 10: Noondie Lakes Project
Noondie Lakes Project Uranium-in-Water analyses from bores indicate 14km of prospective palaeodrainage for reconnaissance drilling
Slide 11: Noondie Project
Noondie Project Program • Air core drill traversing (April-May) To test for mineralisation, to provide water samples, to define palaeochannel morphology • Infill laterite/calcrete sampling Along established drainages as permitted by outcrop • Detailed geophysics Ground/Vehicle Spectrometer surveying
Slide 12: Lake Barlee (Panhandle) Project
Lake Barlee (Panhandle) Project • Strong radiometric anomaly over 5km long on edge Lake Barlee • Several times strength of Noondie response • Anomalous surface geochemical results to 61ppm U over 2000m • Air core drill test at earliest opportunity (May-June)
Slide 13: Carnegie Project
Carnegie Project • 300 km east of Wiluna • Sediment samples within top 2% of data set • 88km of channel • Potential provenance in Malmac Dome to west • Detailed airborne radiometrics, surface sampling, aircore drilling second half of 2007
Slide 14: Where to?
Where to? Develop existing projects Advance opportunities within the Yilgarn-Avon joint venture Translate water technology into new areas Further develop strategic relationships through joint venture and acquisition
Slide 15: Conclusion
Conclusion Mindax offers investors: Low acquisition cost projects in areas of new or under rated exploration potential A significantly undervalued uranium opportunity Exclusive exposure to new and innovative exploration technologies