Mindax Limited · ASX:MDX
Mindax — Shareholder Meeting (November 2005)
26 slides from Mindax's shareholder meeting presentation, Nov 11, 2005
Slide 1: Mindax Limited Annual General Meeting
MINDAX LIMITED Annual General Meeting 11 November 2005
Slide 2: Mindax Projects
\ / ‘ IV i MINDAX LIMITED Mindax Projects Western Australia PROJECT LOCATI fe) N Ss ee Pp NORTH f Wiluna MAYNARD NORTH Sandstone Mt Magnet ~ 9 MAYNARD HILLS lane NOONDIE Geraldton \ QB BULGA DOWNS a PANHANDLE €3 : 100 200 Km Indian Ocean Southern Cross pe ccuthern Cros: o. Leinster MT ALEXANDER\ |.
Slide 3: Sandstone Projects
Ms \ os Sandstone | Projects ROT ROR ye mid | MAYNARD HILLS PROJECT Lord Henry ~ LAKE NOONDIE PROJECT Noondie Wes Y x nt | BULGA DOWNS PROJECT \ 5 @ Toucan MINDAX PROJECTS Pa aay Faredise Bore SANDSTONE, WA / / \ Maca Mr ee =
Slide 4: Troy's Lord Henry Pit
MINDAX LIMITED Lord Henry Section /46510mE 6880500mN b8e N }10m@4.37 2m@10.6 = i, _ , a 4m@5.8 —_ - a: 1m@s.58 =. « 5m@3.16. 1m@ESS 430.00 RL = = = Matic dyke = _ Soil and hardpan Granodiorite Ultramafics +0.5 g/t Au envelope jm i Drill hole with intercept and grade in g/t Au ’ é Significant drill i
Slide 5: Maynard Hills Project
M MINDAX LIMITED Ne AQ \ Black Hil\ Be. Lord Henry Noondie U 0 15 30 Km —EESEE—————EEEEEeEeeee MAYNARD HILLS a \ AND \ MAYNARD NORTH | PROJECTS Maynard Hills Project
Slide 6: Maynard Hills Geochemistry
M MINDAX LIMITED Maynard Hills Geochemistry BLEG Gold Values for catchments —— > 2.5ppb — 1to2.5ppb = 0.5 tp 1ppb === 0.25 to 0.5ppb == 0.25 to 0.1ppb Qo 10 a kilometres Area of Soil Sampling — Area of Anomalism >5ppb Au oO 10 ———— kilometres
Slide 7: Creasy 1 Prospect
NA 8 = my «Creasy 1 | ~ Prospect a © oN * “ ee es ae of - 2 a 2 * © 2 ° A © incom ° ® | 7 . A-26q/t al © cot >o.1gt a\" 1 auanizite, chert & Clay bd CO Matic Schist, Mafic Volcanics & Clay ore A ® RC Drilihole \ Drillhole
Slide 8: Maynard Hills Geophysics
Maynard Hills | MINDAX LIMITED Geophysics +6840000 mNv tu ‘ye
Slide 9: Ten Mile Prospect
Moe a Ten Mile Prospect LIMITED
Slide 10: Maynard Hills Targets
M MINDAX LIMITED \ Coomb Body wy \ \ \ Nie Mile \ \ LordNelson * @) x“ \ m Hades o } \ Lord Henry © \ a \ Rutter \e\ Noondie U : zs J ) 15 30 Km \ \ a) —-_ —___E—E MAYNARD HILLS e \ AND K \ MAYNARD NORTH | PROJECTS Maynard Hills Targets
Slide 11: Bulga Downs Project
Bulga Downs Project M MINDAX | BULGA DOWNS PROJECT | |
Slide 12: Paradise Bore Long Section
M MINDAX LIMITED ANG Zone 50 (AGDBE) esa00 mE Paradise Bore Long Section meters 6822400mN inal it 3.2m @ incl 1m @ 12.99/t
Slide 13: Toucan Long Section
M MINDAX LIMITED ee \ ‘Siicifod & Sheared Matics/Sediments “ Toucan Long Section * Mineralised | Chute tc} Chute >igit Au Au-gtt [| rnonn as — Bos [__ | comnts as lao mee Woes. Boros 8 g 550mRL ie = 5 3 4 r 4 @ 5m @ 2.05g/t H } © 5m @ 1.88g/t 450mRL © 3m @2.98g!t | i @ 6m @2.23g/t POTENTIAL SHOOTS |
Slide 14: Macaw Long Section
M MINDAX LIMITED __, Macaw ~ Long Section = [ore chute >t97 au oy o DD ee esr 600mRL | y im @ Se i| 12m @ 2.349" BT, @ s7aqn )— 5m @ 2.14g/t|@ : /2m @ 2.75git 1m @ 3.07g/t / | 8m @ 3.53g/t [: dll ee Oe 1 ea & is 0 50 100 «= 8 3 — ® ® metres 8 8 POTENTIAL SHOOTS (GOLD gt) ma >5 [e325 @ Drill pierce p
Slide 15: Paradise Well Prospect
M. Paradise Well LIMITED ee Prospect
Slide 16: Lake Noondie Project
N\A ae Lake Noondie Project ec AM % . fotn ap *. a 4 ~ 2 PS ‘ee “~ > 1A LAKE NOONDIE PROJ ECT. # 4 /\U=195ppb “a : oad Ke 2 ~~ , - ~aP ae - /\ U=120ppb } +f 8 : A -
Slide 17: Noondie Prospects
MINDAX LIMITED 4 of y ‘ & | r _w E he, eg eo 0 = ABS 3) Kim (ms . YY Pe Ke * lng g res WAKE N OONDIE U/MThHRATIONMAGE” . (=: Dt - 297s ta.
Slide 18: Uranium Economics
Uranium Economics • rising prices • demand driven • Australia dominates the global reserve position (~28%)
Slide 19: Australian Uranium Deposits
Australian Uranium Deposits Deposit Mtonn % Tonnes Countr Provin Host Type es U3O8 U y ce metamorphics, Jabiluka 2 19.50 0.46 0.09 Australia NT unconformity hydrothermal metamorphics, Ranger 3 18.50 0.31 0.06 Australia NT unconformity hydrothermal Ben Lomond 2.95 0.23 0.01 Australia QLD volcanic hyd
Slide 20: Uranium Exploration Criteria
Uranium Exploration Criteria Geochemical thresholds vary with material – Rocks average 2-4 ppmU – Soils are anomalous at 1 ppm – Water thresholds are 25-50 ppb Surface samples at Noondie range from 8 to 52 ppm U
Slide 21: Meekatharra North Project
MINDAX LIMITED Meekatharra North Project ae 7100000. mN__ 600000 mE 7050000 mN | | 7000000 mN /Big Bell § yee Moz Cuddingwarra y Cue ; : Aiackabianna Golden Crown A/8 Moz E 4 = m m 50000 mE =a > a e NORTH PROJECT eekatharra LEGEND [___] Granitoid | Greenstone _-~ Faults and shears _-77” Trend line -
Slide 22: Meekatharra North Prospects
Meekatharra North Prospects
Slide 23: Tenement Statistics
Tenement Statistics Project 2004 Km2 2004 $ Committed 2005 Km2 2005 $ Committed Bulga Downs 314 127,800 322 161,100 Maynard Hills 735 218,700 735 218,700 Maynard North 422 Noondie 281 Panhandle 102 30,600 51 25,300 Mt Alexander 36 20,000 36 20,000 Meekatharra North 202 nil 202 63,000 Totals 1,389 39
Slide 24: Exploration Statistics
Exploration Statistics Bulga Downs Maynard Hills Panhandle Mt Alexander Total Surface Samples 2,095 1,044 17 3,156 RABDrilling (m) 7,263 98 7,361 RC Drilling (m) 918 1,852 959 3,729 Airborne Geophysics (line km) 4,011 18,324 1,281 23,616 11,000m of drilling, expected to increase in 2005-06 Airborne
Slide 25: Operating Expenditures
Operating Expenditures Nov 03 to Jun 04 % Jul 04 to Jun 05 % Jul 05 to Sep 05 % Total % Exploration Direct in ground 116,000 35% 937,000 52% 312,000 55% 1,365,000 50% Tenement acquisition 149,000 45% 320,000 18% 0 469,000 17% Other capital Plant, vehicles and equipment 0 55,000 140,000 195,000 Non e
Slide 26: Forward Program
Forward Program nov dec jan feb mar apr Stream geochemistry Soil geochemistry Geophysics RAB drilling Aircore drilling RC drilling Bulga Downs Maynard Hills Maynard North Meekatharra North Mt Alexander Panhandle Noondie