Slide 1: Mindax Limited Investor Presentation - Mt Forrest Iron Project
For personal use only ABN 28 106 866 442 Mindax Limited Investor Presentation Mt Forrest Iron Project April 2012 Mindax Limited (ASX: MDX) www.mindax.com.au
Slide 2: Executive Summary
Executive Summary For personal use only Fast-tracking DSO…. Mindax has been focusing on fast-tracking the DSO stage of the Mt Forrest Iron Project …. provides early cashflow for The DSO stage will underpin the future development of the high quality magnetite resource magnetite Potential Sumitomo
Slide 3: Corporate Snapshot
Corporate Snapshot Share price / volume history (A$; millions) Key statistics (A$) For personal use only 52 week high 52 week low 30 day VWAP Ordinary shares on issue 11-Apr-12 188.6m Fully diluted shares on issue1 11-Apr-12 188.6m Date 19-Apr-11 29-Dec-11 Share price 11-Apr-12 $0.15 Share price $0.
Slide 4: Peer Performance Comparison
Peer Performance Comparison Mindax was performing well compared to its peers until the uncertainty around the Sumitomo HoA. For personal use only Peers Year-to-Date Indexed Performance (Rebased to 100)1,2 YTD Performance (Pre- Sumitomo HoA Amendment; % Change)1 200 Mindax 59% Sumitomo HoA 1st Day of
Slide 5: Mindax Projects
Mindax Projects Mindax is focusing on bringing the DSO stage of the Mt Map of Project Locations For personal use only Forrest Iron Project into production as soon as possible, with the help of a joint venture partner. Mindax’s main focus is on the Mt Forrest Iron Project and the Yilgarn-Avon urani
Slide 6: Mt Forrest Overview
Mt Forrest Overview Mt Forrest will be developed initially as a modest beneficiated DSO operation, with For personal use only potential for first ore to be shipped in 2014. Mt Forrest Map Project Development Mindax envisages both DSO and magnetite projects at Mt Forrest The current focus is on D
Slide 7: Mt Forrest Resource
Mt Forrest Resource Total resources are currently 1.4Bt at 32.2% Fe, with the Regolith resource of 14.7Mt at 45.4% For personal use only Fe to underpin the DSO project. Regolith Iron Resource (for DSO Project) Fe SiO2 AL2O3 P S LOI Category Tonnage (Mt) (%) (%) (%) (%) (%) (%) Indicated 12.3 45.5 23
Slide 8: Sumitomo Heads of Agreement
Sumitomo Heads of Agreement The HoA allows for Sumitomo to spend up to $115 million on the establishment of an operation, For personal use only initially based on DSO, with Mindax retaining project management and a material stake. HoA Overview In February 2012, following a 9 month search, Mindax s
Slide 9: Exclusivity Payments & Section 249D Events
Exclusivity Payments & Section 249D Events The majority of directors believe it is in the best interests of shareholders to try to preserve the For personal use only Sumitomo HoA by opposing the Section 249D resolutions. Sumitomo Exclusivity Payments and Section 249D Events Summary Within 5 days o
Slide 10: View of Directors on Section 249D
View of Directors on Section 249D The majority of the existing Board who have expressed a position intend to continue to support For personal use only the HoA and plan to oppose the 249D Notice Resolutions. Summary of Director Views Support current Sumitomo HoA? Support removal of directors? Gilbert
Slide 11: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement This presentation was prepared by Mindax Limited (ABN 28 106 866 442) (“MDX” or “the Company”), a public company listed on the Australian Securities Exchange. For personal use only The presentation is based on internal company reports, stock exchange announ