Mindax Limited · ASX:MDX
Mindax — Investor Presentation (April 2005)
11 slides from Mindax's investor presentation, April 2005
Slide 1: Mindax Limited April 2005
MINDAX LIMITED ACN 106 866 442 April 2005 MDX
Slide 2: The Company
The Company Well funded explorer with key positions in Sandstone and Meekatharra gold producing areas Has an existing resource and many targets near Troy’s new Lords’ mine Has already added to existing reserves,made a new discovery and developed a strong target inventory Raised $1.1m pre IPO
Slide 3: Milestones
Milestones OCT ’03 Company formed and secured options over Sipa Bulga Downs, Panhandle, Meekatharra North, Plateau’s Bulga, Mt Alexander, Creasy Maynard Hills JV DEC ‘04 Successful IPO raised $3.5m FEB ‘05 Drilling extends Paradise resource FEB ‘05 Creasy1 confirmed as new gold discovery
Slide 4: The Projects
The Projects Bulga Downs - 36,000 oz gold resource, 10 km of gold anomalous geochemistry on Edale-Illara shear system. 1st campaign added ounces. Maynard Hills - wide spaced gold geochemical anomalism along the Edale-Illara shears adjacent to Troy’s Lords discoveries (345,000 oz) 1st campaign confir
Slide 5: Cabaret Trend (Bulga Downs)
Cabaret Trend (Bulga Downs) Hole From (m) To (m) Width Gold (g/ t) Toucan TPC2 50 51 1 6.95 Gold in soil > 10 km TPC4 14 17 3 6.17 TPC5 56 57 1 21.2 TPC13 70 71 1 4.19 TPC17 54 55 1 11.7 TPC18 52 53 1 7.76 TPC24 116 119 3 4.98 TPR38 35 48 13 2.93 TPC50 2 4 2 4.18 Macaw North MNC2 77 80 3 3.34 Macaw
Slide 6: Paradise Bore Resource
Paradise Bore Resource Oxide resource only to 100m below Tonnes Grade g/ t Contained Oz Status 400,000 2.8 surface 36,000 Inferred 120,000 5.5 21,000 incl Open in all directions and internally Predictable geology Hole From (m) To (m) Width Gold (Au Structural understanding PBC4 critical 15 23 (m) 8
Slide 7: Maynard Hills
Maynard Hills Area: 735 km2 Commitment: $219K
Slide 8: Maynard Hills
Maynard Hills Large area of ~800 km2 with no known gold occurrences – “poor” prospectivity previously assumed 70 km of strike along Edale fault and 70 km along parallel Illara fault Limited historical work indicates some geochemical anomalism along both structures Systematic work identifies
Slide 9: Creasy 1
Creasy 1 New discovery beneath subtle geochemical expression Veining and alteration over 1600m of strike, up to 80m width Encouraging grades from wide spaced drilling Planned closer spaced drill traverses
Slide 10: Value in Mindax
Value in Mindax ! Cash $3.0m Acquisitions + data $1.9m Net Paradise Bore gold $2.0m Shell value $1.5m MDX exploration to date $1.1m 46 million shares on issue, 26% escrowed until Dec 2006 …………………….Plus exploration success and regional prospects…
Slide 11: Mindax Limited
MINDAX LIMITED Value • 36,000+ oz • well managed • well funded Prospectivity • new gold province • large land holding • Extensive data Success base • New discovery • resource extended • new targets developed April 2005