Mindax Limited · ASX:MDX
Mindax — Non-Deal Roadshow (May 2006)
18 slides from Mindax's roadshow presentation, May 10, 2006
Slide 1: Broker Roadshow Presentation May 2006
10 May 2006 Australian Stock Exchange Limited Company Announcements Platform 9/57 Labouchere Road SOUTH PERTH 6151 Western Australia Telephone 08 9474 3266 Facsimile 08 9474 3299 ABN 28 106 866 442 BROKER ROADSHOW PRESENTATION MAY 2006 Following please find a presentation to be delivered to various
Slide 2: Mindax Limited Overview - May 2006
MINDAX LIMITED OVERVIEW — May 2006 Strictly Private and Confidential
Slide 3: Corporate snapshot
issued Shares 51.54 Million Options (lungé) 6.75M Shareholders 454 Share Price 19¢ 52 week trading range 9— 24¢ Markel Cap $o.8é Cash $2.44 Chairman Gilbert George Nor-executive Director Nicholas Smith Managing Director Greg Bromley Company Secretary Angelo Francesca
Slide 4: Mindax tenements and geology
M MINDAX OL MB acest, | URANIUB GEGLORICM. LEGEND PHANEROZONC ES Sediments TEROZOIC ay Sraniotd gneiss and migmati¥e , Gneies and migmatie 2M Wietaseuirreenk anid gneiss 2) Greenstone M RARSEAS ENERGY PTT DA Tenements total 4,200 km Gold — 1745 km2 Uranium — 2410 km2 Nickel — 36 km
Slide 5: Sandstone, WA gold projects
P oe nove Covers 150 km of Edale fault, 2,000 km? 0) en we Emerging significant gold Lord Nelson Lord Henry 2asoKar Au We att endowment Troy’s Lord's mines (>350 Koz), Mindax’s Paradise Bore resource (> 36 Koz) : _—— Targets defined by MINDAX PROJECTS | geochemistry, structure SANDSTONE, WA - Paradi
Slide 6: Emerald North: Meekatharra project
Emerald North: [" [pred sf Five Mite Well] © jars Haveluck ) ef MINDAX PROJECT “4 gr Flat MEEKATHARRA W A “A a Bluebird P Pry OMITED On structure to the north of 5 Moz of historical production (Paddy's Flat and Bluebird) Wide spaced previous exploration but extensive shallaw cover Drill targets defi
Slide 7: Mt Alexander nickel EM target
Very strong EM target over 200m-+ along strike, east dip Classical embayment in cumulate ultramafic Weak magnetic character may indicate pyrrhotite/pentlandite Surface sample of 129pob Pt Nearby nickel sulfides in Western Areas (BHPB) ground to west
Slide 8: Lake Noondie uranium
ii alll Strong airborne radiometric response 20 krn length all secured Compares well to Yeelirrie signature RARSERAS, PTY DAITEEY
Slide 9: Yeelirrie Waters sampling
Yeelirrie Waters background 5-10 ppb U near ore 100-450 ppb U inore 1200 ppb U Lake surface sampling (U ppm) les to 60 ppm U ues to 195 ppb u NOONDIE ICAL SAMPLING 0120 Water bore sampling (U ppb) kilometers
Slide 10: ALN cE iq Uf
ALN cE iq Uf : we
Slide 11: Avon Joint Venture with Quasar Resources
« Avon Joint Venture with Quasar Resources Pty Ltd ~ (Affilated company of Heathgate Resources) « Only Heathgate relationship away from Beverley minesite « 2006 budget of $220,000 approved « Collaborative Research Project with CRC LEME ~ Existing sampling database ~ Sampling, analytical and modellin
Slide 12: Collaborative Uranium Project
COLLABORATIVE URANIUM PROJECT RARSERAS, PTY DAITEEY
Slide 13: Venture Prospects
nture Prospects Yeelirrie Waters 1 2 3 4 5 6 7 8 background 5-10 ppb U nearore 100-450 ppb U inore 1200 ppb uU
Slide 14: Palaeodrainage uranium sampling
M RARSEXAS ES PTY DAITEEY cr Yellow 100-500 ppb U Red 500-1000 ppb U ra) Palacodrainage, analogous to Yeelirria atc 97 linear km of drainage Continuity of +100 ppb u values Max 960 ppb U
Slide 15: CRC LEME anomalous uranium values
CRC LEME had alreacy 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 primary hydrothermal ur
Slide 16: Peer comparison, late April 2006
Late April ‘06 Company Raised Sold% EV $M Current Current $M Share Market Price $ Cap $M Encounter 40 . . 0.60 33.0 Hindmarsh 06 ; . 1.35 28.0 Global 3.0 . . 0.60 24.0 Uranex 8.8 . . 0.88 67.0 7.3 30.0 11.0
Slide 17: Mindax offers investors
Mindax offers investors Low acquisition cost projects in areas of under-rated exploration potential New projects with very strong gold, uranium and nickel prospectivity Exclusive exposure to a high quality uranium expleration and production group Ongoing development of new targets Low risk/high retu
Slide 18: Drilling gold targets adjacent to Lord's Mines
@ Drilling Gold Targets adjacent to Lord’s Mines on Edale Structure (1Moz potential) - « Drilling planned for gold targets at Meekatharra North along structure from Paddy’s Flat and Maid Marion (+ 1Moz potential) - : Drilling planned for Mt Alexander nickel sulfide EM target - « Continuing assessmen