Mindax Limited · ASX:MDX

Mindax — Paydirt's Uranium Conference 2006

15 slides from Mindax's conference presentation, March 2006

  1. Slide 1: Mindax Limited - Paydirt's Uranium Conference

    MINDAX LIMITED Paydirt’s Uranium Conference Adelaide, March 2006 Wheatbelt Uranium Collaborative Exploration in South West WA Mindax Energy Pty Limited

  2. Slide 2: Mindax Limited

    Mindax Limited ABN 28 106 866 442 ASX Codes MDX, MDXO Listed Perth December 2004 Mindax Energy Pty Limited „ Issued Shares 46.14 Million „ Chairman Gilbert George „ Options (Jun06) 8.75M „ Non-executive Director „ Shareholders Nicholas Smith 454 „ Managing Director „ Share Price Greg Bromley 13c „ C

  3. Slide 3: Project Areas

    Project Areas Tenements total 3,500 km2 Gold – 1745 km2 Uranium – 1712 km2 Nickel – 36 km2

  4. Slide 4: Meekatharra Projects

    Meekatharra Projects „ On structure to the north of 5 Moz of historical production (Paddy’s Flat and Bluebird) „ Wide spaced previous exploration but extensive shallow cover „ Drill targets defined from past drilling and structural analysis „ Drill program totalling 6,000m due in April

  5. Slide 5: Sandstone Projects

    Sandstone Projects „ Covers 150 km of Edale fault, 2,000 km2 „ Emerging significant gold endowment – Troy’s Lord’s mines (>350 Koz), – Mindax’s Paradise Bore resource (>36 Koz) „ Targets defined by geochemistry, structure „ Drill program of 10,000 metres underway

  6. Slide 6: Lake Noondie

    Lake Noondie Yeelirrie „ Overall airborne radiometric response >20km long „ Focus area ~5 km „ Surface assays to 60 ppm U „ Drilling pending resolution of heritage issues U/Th Ratio

  7. Slide 7: Lake Noondie

    MINDAX lake \WIoondie LIMITED] LAaKe | joonaie a of tee FAKE NOONDIEWU/Th RATIONMAGE " i 7. es ¥

  8. Slide 8: Wheatbelt Project

    Wheatbelt Project „ Joint Venture with Quasar Resources Pty Ltd – (Affiliated company of Heathgate Resources) „ Collaborative Research Project with CRC LEME – Existing sampling database – Sampling, analytical and modeling expertise

  9. Slide 9: Avon JV Tenure

    MINDAX LIMITED oar = Merredin f \. Kalgoorliee n-Cross \_ AVON JV TENURE kilometres ~~” WHEATBELT COLLABORATIVE URANIUM PROJECT

  10. Slide 10: Co-operative Research Program

    Co-operative Research Program „ CRC LEME (The Co-operative Research Centre – Landscape Environments and Mineral Exploration) is involved in baseline studies of drylands salinization through out Southern Australia. „ Mindax have entered into a Collaborative Research Project on Uranium in Wheatbelt Wa

  11. Slide 11: Technical Rationale

    Technical Rationale „ CRC LEME had generated exceptionally anomalous values to 950 ppb U in water „ U Isotopic data already suggests proximity to mineralisation „ Emerging re-interpretation of terrane geology – Younger metal rich intrusive systems – Evidence of thrust tectonics „ Potential for prima

  12. Slide 12: U in Water

    After Douglas, Gray and Nobel (CRCLEME) U in Water U distribution in Bores, Drains and Surface of the WA Wheatbelt and US groundwaters

  13. Slide 13: Regional Data: Uranium in Laterites

    Regional Data Uranium in Laterites

  14. Slide 14: Deliverables

    Deliverables „ Low cost to Mindax ($25K/yr) – Defrayed cost by virtue of JV (50%) – Co-contribution to project by CRC LEME (~30%) „ Attractive risk-reward profile „ Anticipated medium-term return to shareholders

  15. Slide 15: Conclusion

    Conclusion Mindax offers investors „ Low acquisition cost gold projects in areas of under rated exploration potential supported by discoveries „ Low acquisition cost/high prospectivity uranium exploration portfolio based on similar notions „ Low risk/high return „ Exclusive exposure to a high calibe

Mindax — Paydirt's Uranium Conference 2006 on 6ix