Slide 1: Broker Presentation/Company Update announcement
é 9/57 Labouchere Road %, ji SOUTH PERTH 6151 i Western Australia Telephone 08 9474 3266 M I N D A x Facsimile G8 9474 3299 ‘LIMIT ED ABN 28 106 866 442 10 October 2006 Australian Stock Exchange Limited Company Announcements Platform BROKER PRESENTATION/COMPANY UPDATE Following please find a company
Slide 2: Mindax Limited Exploration Update October 2006
, | MINDAX LIMITED ACN 106 866 442 MDX EXPLORATION UPDATE OCTOBER. 2006
Slide 3: Summary
SUMMARY Further positive uranium in water results were obtained within the avon Vv area, Sampling will be stepped up through October- ovember. The Scoping Study on Paradise Bore resource at Bulga Downs is nearing completion and a Deferred Mining Agreement is being negotiated with the Registered NTC.
Slide 4: Uranium Projects
URANIUM PROJECTS # Lake Noondie Project and Avon Joint Venture a Lake Noondie, WA ~ 20km long radiometric target ~ Surface values to 60ppm U ~ U in water to 200ppb U ~ 300km2 tenements and applications #@ Avon Joint Venture, WA ~ Includes 150km of U anomalous drainage ~ 13 tenement applications over
Slide 5: Avon JV
AVON JV Sn 6 Ue iG Mindax Energy 50% Joint Yenture with Quasar Resources Pty Limited Based on CRC LEME Uranium in Water Research Project 100,000 km? area of influence
Slide 6: Avon JV
AVON JV Mindax Energy 50% ACTIVITIES » two new EL applications » thirty-three new water samples * commissioned SiroSOM analysis OUTCOMES #10 of 33 new samples (30%) returned > 190ppb U + processing of large multi-element regional geochemical data set (~6000 samples) «now thirteen applications in pla
Slide 7: Lake Noondie
LAKE NOONDIE Mindax 100% ACTIVITIES ® Drilled 38 of 50 planned hales * Tested 3km of 20km channel OUTCOMES * No mineralisation observed at depth, limited to surface algal layer * Unable to access surface anomaly peaks » Water sampling to gauge wider prespectivity of channel
Slide 8: Gold Projects
GOLD PROJECTS a Meekatharra, Sandstone a Sandstone, WA ~ Bulga Downs, Maynard Hills Projects ~ 36Koz resource (JORC compliant} at Paradise Bore ~ 150km of Edale-Ilara gold anomalous structural corridor ~ Adjacent to Troy's Lerd’s gold mines ~@ Meekatharra North, WA =~ 200km2 north of Meekatharra Gol
Slide 9: Maynard Hills & Maynard North
SANLIS LONE Maynard Hills & Maynard North Mindax 100% * 100km of praspective Edale-Illara Shears * sub-economic gold at Creasy1 and Ten Mile * statutory reduction of E57/556 » focus on structural positions under cover on Edale structure
Slide 10: Meekatharra North
MEFKATIIARR NOR_IH Mindax 100% * Drilling at Lute, Banjo Well indicates Au-As anomalism and carbonate-fuchsite alteration associated with shears » Grilling will be extended through Emerald and Marion during November
Slide 11: Sandstone, Bulga Downs
SANDSTONE Bulga Downs Mindax 100% * Scoping study on Paradise Bore resource nearing completion Deferred mining agreement under negotiation Tron cre potential being studied
Slide 12: Base Metal Projects
BASE METAL PROJECTS a Mt Alexander Nickel, WA ~ Cumulate ultramafic mapped ~ Adjacent nickel sulphides to west ~ EM geophysical anomalies ~ Brill testing intersected barren sulphides a Panhandle Copper-Gold, WA ~ Copper and gold geochemistry ~ [rreconcilable drill intercepts (Au to 2.5g/t, Cu to 0.1
Slide 13: Panhandle
PANT IANDLE Mindax 100% ACTIVITY * re-analysis of drilling, geochemical and geophysical data » ground based gravity survey QUTCOMES * projected interpretation November » drill targets December