Mindax Limited · ASX:MDX
Mindax — Investor Presentation (February 2011)
23 slides from Mindax's investor presentation, Feb 16, 2011
Slide 1: One2One Investor Briefing
One2One Investor Briefing Melbourne 16 February 2011
Slide 2: Mt Forrest Location
Mit Forrest Location ROBINSON RANGE of +++ Railway (existing) : CR MLS ++ Railway (proposed) ¥ Mock ath arre Wiluna . Fe project location 4 . WILUNA WEST/GOLDEN WEST TALLERING PEAK ait Magnet iD _ieinster Oakajee Port Lb MT FORREST PROJECT , MT RICHARDSON Geraldton = @urnah mT ALFREO Leonora INDIAN
Slide 3: Mt Forrest Iron Project
Mt Forrest Iron Project JORC Inferred Resource base of 1 Billion tonnes (October 2010) (Inf 1.01 Btonnes @ 31% Fe PBM and Ind + Inf 4.5 Mtonnes @ 54% Fe DSO) Drilling ahead towards Inferred + Indicated JORC status at end March 2011 (308 holes for 28,134.6 metres currently includes 939.6 metres diamo
Slide 4: Mt Forrest Geology
Mt Forrest Geology BUNGARRA ECHIDNA KANGAROO OR a | wa aT CaN WAR; Syncline
Slide 5: Mt Forrest Ore Body
Mt Forrest Ore Body 17 Km prospective iron formation – banded chert chert‐magnetite magnetite rock 8 Prospects 1.01 Billion Tonnes Potentially Beneficiable Magnetite @31%Fe ( O C Inferred (JORC f dOOctober b 2010) Primaryy and secondaryy magnetite g minerals developed Ongoing drilling indicates impr
Slide 6: Section Emu South DTC%Fe
Section Emu South DTC%Fe MFCO020 MFCO21 MFC022 MFC024 MFC025 500 4 ymplete oxidation of col Bas ee = -_ —_— Metres RL @ vtcre ps0 40, 4004 Mineralisation continues >200 metres below surface Emu South - Drill Section with DTR Concentrates
Slide 7: Section Emu Central DTC%Fe
Section Emu Central DTC%Fe MFC122 MFC242 500 4 Metres RL a DTC Fe P80 40, 0 Mineralisation continues >200 metres below surface Emu Central - Drill Section with DTR Concentrates
Slide 8: Section Dingo DTC%Fe
Section Dingo DTC%Fe 600 3004 Metres RL i-2J z N oO ie = — "Base of complete oxidation 118m @ 68.2% Fe Weight Recovery 42.1 % a DTC Fe P80 401 Q DTC Pending
Slide 9: Section Echidna DTC%Fe
Section Echidna DTC%Fe
Slide 10: Mine to Market
Mine to Market Current date 2010 2010 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 Est. Cost Project Milestones H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 ($M) Resource ((1Bt,, Infer,, Ind)) 3.5 Reserve Delineation (600Mt) 10 Environmental Impact 0.5 Statement Scoping Study 0.5 Pre-Feasibility Study 1
Slide 11: Scoping Progress
Scoping Progress Program of work for the scoping study is well advanced with results for different disciplines starting to flow towards end March completion date Metallurgical scoping test work program well underway on back of resource drilling Port access negotiations initiated and negotiations wit
Slide 12: Comparison: WA Iron Companies
Comparison: WA Iron Companies 1200 MDX.AX 1000 ce (Mtonnes) 800 600 Resourc 400 200 0 Mindax Grange Macarthur Jupiter Cashmere Mt Forrest Southdown Moonshine Mt Ida Share Price $ 0.4 0.8 3.6 0.65 N/A Market Cap $M 58.3 921.4 108 240.4 N/A
Slide 13: Comparison Resources
Comparison Resources Resource Size vs Head Grade 60 0 60.0 50.0 JMS-530Mt Cashmere-822 Cashmere 822 Mt GBG-2,518Mt de (%Fe) 40.0 GRR-654Mt MDX1,006 Mt Head Grad 30 0 30.0 MMS.V-710 Mt 20.0 10.0 00 0.0 250 750 1,250 1,750 2,250 2,750 Tonnes (Mt)
Slide 14: Comparison Concentrates
Comparison Concentrates Peer Group Comparison DTC%Fe vs DTC%rec 70 GRR-654 Mt MDX-1,006 Mt 69 GBG- 2,518Mt 68 JMS-530 Mt 67 C%Fe MMS.V-710 Mt 66 DTC 65 64 C h 822M Cashmere-822Mt 63 62 20.0 25.0 30.0 35.0 40.0 45.0 50.0 DTC%rec
Slide 15: High Grade Uranium Project
High Grade Uranium Project Q aie ( Western ‘ Australia | i, aaa Ld INDIAN OCEAN YANDEGIN MORTLOCK PROJECT | PERTH York", 4 Me ~—"Narembeen _/ | meen } ) Brookton Corrigin \ } QUAIRADING =) "avden f PROJECT = : Narrogin 7 ; | eee f : My = Bits _Collie i een fF oe ty Se Northam { — MUKINBUDIN PROJECT
Slide 16: Mukinbudin-Jindarra-Yandegin
Mukinbudin‐Jindarra‐Yandegin
Slide 17: Comparison: Uranium Deposits
Comparison: Uranium Deposits
Slide 18: Corporate & Capital Structure
Corporate & Capital Structure Issued Shares 145.69 Million (MDX) O ti Options ‐ Listed Li t d 64 94 Million 64.94 Milli (MDXO) (Dec 2011, 75c) Options ‐ Unlisted 5.35 Million ( (various expiry dates & exercise prices)) Shareholders ~490 52 week trading 35 – 50c Range Chairman Gilbert George 5 day VW
Slide 19: Register Structure
Register Structure A Tsang Shareholder Group Independent 23% 27% A Tsang Founders Jupiter Mines Founders 12% Lion Asiapac HSBC Hong Kong 17% HSBC Hong Kong Jupiter Mines 9% Independent Lion Asiapac 12%
Slide 20: Business Strategy - Growth & Alliances
Business Strategy ‐ Growth & Alliances Mindax’s objective is to: • Develop strategic resources through exploration which can then be moved towards production. p Mindax has keyy strategic g connectivity: y • Iron ore – Lionasiapac steel maker • Chinese investors • Uranium – Heathgate/Beverley uranium
Slide 21: Business Strategy - Reliability & Diversity
Business Strategy – Reliability & Diversity The Company’s key projects are: • the th Mt Forrest F t IIron project j t within ithi th the Yil Yilgarn IIron P Province i with ith a resource base of 1 Billion tonnes of magnetite ore; and • the h Mukinbudin M ki b di UUranium i project, j a new uranium
Slide 22: Competency
Competency The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Gregory John Bromley who is a member of the Australasian Institute of Mining and Metallurgy, with more than 5 years experience in the field of activity being rep
Slide 23: Disclaimer
Disclaimer This presentation was prepared by Mindax Limited (ABN 28 106 866 442), a public company listed on the Australian Stock E h Exchange. The presentation is based on internal company reports, stock exchange announcements and technical information believed to be reliable but Mindax does not ma