Slide 1: Revised Investor Presentation - ASX Announcement
ASX ANNOUNCEMENT DATE: 8 July 2011 REVISED INVESTOR PRESENTATION ASX Code: MDX Following lodgement of the “Investor Presentation” by Corporate Description Mindax Limited („Company‟) on 5 July 2011, the Mindax's Mt Forrest Iron Project is progressing through development with a Company‟s attention was
Slide 2: Mt Forrest Iron Project – Western Australia Investor Presentation
ABN 28 106 866 442 Mindax Limited Mt Forrest Iron Project – Western Australia Investor Presentation July 2011 Mindax Limited (MDX.ASX) www.mindax.com.au
Slide 3: Disclaimer
Disclaimer 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. The presentation is based on internal company reports, stock exchange announcements and technical information believed to be relia
Slide 4: Executive Summary
Executive Summary • Mindax Limited is an Australian exploration Company with the following key projects: o Mt Forrest (Iron – DSO and Magnetite); o Yilgarn-Avon JV (Sedimentary Uranium); and o Mortlock JV (Copper-Gold). • Mt Forrest is the current key focus for the Company where the particular empha
Slide 5: Corporate Snapshot
Corporate Snapshot Issued Capital Ordinary shares 151.5m Listed Options (MDXO) 64.9m Total Shares 151.5m Price (last trade 1/07/11) 27.5¢ 30 day VWAP 31¢ 12 Month High/Low 50¢ / 25¢ Market Capitalisation $41.7m 12 Month Liquidity $2.7m Net cash as at 30 April 2011 $2.3m Directors Gilbert George – Ch
Slide 6: Projects Overview
Projects Overview Mt Forrest • The Mt Forrest Iron Project lies within the emerging Yilgarn Iron Province which has existing infrastructure including gas, rail and a port at Esperance. • Existing third party providers can defray start-up capital demands. • Kalgoorlie is an established mine support e
Slide 7: Mt Forrest Iron Ore Focus
Mt Forrest Iron Ore Focus Mt Forrest • MDX has discovered and built a significant iron ore inventory. Recent government granting of access to land and additional drilling has confirmed and extended meaningful hematite resources amongst the larger magnetite resource. MDX’s metallurgical advice has co
Slide 8: Mt Forrest Infrastructure Attributes
Mt Forrest Infrastructure Attributes • Largest iron resource in the emerging Yilgarn Region. • Tenure: MDX has secure granted Mining Leases over the Mt Forrest area. Social, Environmental and Heritage Management Plans in place with pertinent stakeholders and appropriate survey and data generatio
Slide 9: Iron Resources in Western Australia
Iron Resources in Western Australia Mt Forrest is clearly an outstanding resource in southern WA 695.3 700.0 Contained Iron DSO + Magnetite (Mt DMTU) 575.0 600.0 500.0 377.1 400.0 344.1 300.0 184.0 176.3 200.0 147.8 112.1 105.3 85.4 81.3 100.0 51.4 32.2 26.5 18.5 15.4 13.2 10.1 9.0 8.8 6.7 4.5 3.1 0
Slide 10: DSO Strategy
DSO Strategy • MDX is progressing through development preparations with intentions to mine the Mt Forrest Iron Project. Approvals are being sought and infrastructure partners are being aligned (including rail and port). • Mindax is pursuing an opportunity to explore a fast tracked low production cos
Slide 11: DSO Project Plan
DSO Project Plan MT FORREST DSO 2H 2011- 1H 2013 PROGRAM Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Work Program Resource Definition-Drilling Metallurgical Testwork Prefeasibility-Definitive Study Infrastructure Hydro
Slide 12: Current Iron Resource & DSO Targets
Current Iron Resource & DSO Targets Corella Parrot North Toucan Paradise Currawong Bore Mitchell Jason's Find New DSO targets Current Resource Grey - primary magnetite Rosella Red - regolith mag-hematite Cabaret Emu Bore Cassowary North Slide 11
Slide 13: DSO Project Base
DSO Project Base Project Parameters • High ore recoveries. • Coarse and soft materials indicate low operating expenditure. • Third party providers of rail and power reduce capital expenditure. • Conceptual business case modelling suggest an early positive annual cash flow. DSO Resource Base • 19 Mt
Slide 14: Industry Comparables
Industry Comparables Mindax compares favourably with iron focused peers demonstrating it is comparatively cheap on an Enterprise Value (EV) per tonne of resource in the ground (graph at bottom left) and sits somewhere in the middle of the range from a potential OPEX perspective but at the lower end
Slide 15: Other Projects - Greenfields Discovery of New Uranium Province
Other Projects - Greenfields Discovery of New Uranium Province • Yilgarn-Avon Uranium JV with Quasar Resources (Beverley, SA). • First mover advantage. • Control of 75% (275km) of prospective palaeochannel. • Suitable for In Situ Recovery (environmentally benign). • High grades + 0.2% U3O8 (and up t
Slide 16: Other Projects - Gold / Copper Gold
Other Projects - Gold / Copper Gold • Mortlock Project (copper-gold): Centre Forrest prospect has a significant blanket of >1,000ppm Cu within the regolith adjacent to known mineralisation of 30m @ 0.5% Cu, 0.5g/t Au. • Meekatharra North Project (gold): Chasing mineralised structures along strike fr
Slide 17: Capital Raising - Structure
Capital Raising - Structure • 1 for 5 renounceable rights at 25¢ to raise up to $7.6 million with an attaching 1 for 1 “piggy-back” option for eligible shareholders and sub-underwriters. • Terms of the options: o Primary Option – exercisable at 30¢ between 1 April 2012 and 30 April 2012 (exercises i
Slide 18: Capital Raising - Use of Funds
Capital Raising - Use of Funds • MDX raised approximately $2 million through a placement in April 2011; and now intends to raise up to a further $7.6 million via a 1:5 renounceable rights issue @ 25¢ per share to fund the Mt Forrest Pre-feasibility Study, exploration generally and working capital. •
Slide 19: Capital Raising - Indicative Timetable
Capital Raising - Indicative Timetable Event 2011 Lodgement of Prospectus with ASIC 1 July Notice sent to Shareholders 4 July Ex-Date and rights trading commences 12 July Record Date for determining Shareholder entitlements 18 July Prospectus despatched to Shareholders 22 July Rights trading ends 29
Slide 20: Investment Summary
Investment Summary • MDX has an impressive portfolio of highly prospective exploration projects for a company with a market capitalisation of $42 million. • Mt Forrest is the largest iron resource in the emerging Yilgarn region and on a market capitalisation to resource tonnes basis MDX sits attract
Slide 21: Competent Person Statement
Competent Person Statement Competent Person The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Gregory Bromley who is a member of the Australasian Institute of Mining and Metallurgy, with more than 5 years experience