Mindax Limited · ASX:MDX
Mindax — Shareholder Meeting (November 2013)
41 slides from Mindax's shareholder meeting presentation, Nov 14, 2013
Slide 1: ASX Announcement: Annual General Meeting Presentations
For personal use only ASX ANNOUNCEMENT ANNUAL GENERAL MEETING - 14 November 2013 PRESENTATIONS Pursuant to ASX Listing Rule 3.13.3, Mindax Limited advises ASX Code: MDX that the attached presentations will be delivered by the ABN: 28 106 866 442 Company’s Chairman and Managing Director at today’s Co
Slide 2: Chairman's Speech
Chairman’s Speech Mindax AGM 14/11/2014 The 2012/2013 year has been one of significant progress for Mindax under what can be only described as indifferent market conditions. By “indifferent” I mean that the market for developing juniors has been very For personal use only negative in spite of: -‐ t
Slide 3: Chairman's Speech (continued)
China still has a significant way to go in its urbanisation program, which will continue to underpin demand for iron ore for some years. I am confident that growth in most of the world’s key economies will help to underpin demand for key commodities, including iron ore, and this will in turn improve
Slide 4: Speech by Dr Steve Ward, Managing Director
ANNUAL GENERAL MEETING 14 NOVEMBER 2013 For personal use only SPEECH BY DR STEVE WARD MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER (Please refer to separate presentation slides) SLIDE 1 Cover Slide Ladies and Gentlemen, good afternoon. I would also like to extend a warm welcome to you. It is a plea
Slide 5: Speech: Highlights and Corporate Snapshot
Mindax Limited SLIDE 4 Highlights During the past year, considerable progress has been made in delivering the Company’s For personal use only strategy to become a mining house which rewards shareholders well. This has been achieved in very challenging financial markets for junior companies. Mindax h
Slide 6: Speech: Corporate Activity
Mindax Limited SLIDE 6 Corporate Activity Corporate Activity has been an area of significant focus as we seek to establish clear and value creating pathways forward for our projects and secure the Company’s future. I am delighted to comment on our progress. For personal use only The Shareholders and
Slide 7: Speech: Sustainability Framework and Project Overview
Mindax Limited SLIDE 8 Sustainability Framework I would now like to comment on safety, environment and governance matters. We treat these with the utmost importance and priority. For personal use only We launched a new Sustainability Framework which provides an integrated overview structure for our
Slide 8: Speech: Mt Forrest Iron Project
Mindax Limited SLIDE 10 Mt Forrest Iron Project Mt Forrest is our flagship project and has a world class iron resource. We have driven forward with our planned work programs whilst we have negotiated the JV For personal use only with PMHL. A positive updated scoping study has been completed. The ini
Slide 9: Speech: Meekatharra North Gold and Mortlock Copper
Mindax Limited SLIDE 12 Meekatharra North Gold Project The Meekatharra North Gold Project is located in an established gold province and is adjacent to Doray Minerals new Andy Well mine. For personal use only Scout drilling was undertaken in 2013 with funds supplied by our JV partners. Multiple mine
Slide 10: Speech: Way Forward and Outlook
Mindax Limited SLIDE 14 Way Forward We will continue to build on the foundations we have in place and seek ways to improve the value of the Company and its projects. For personal use only Our major focus will be on the development of pathways for our existing projects to realize their full value. Th
Slide 11: Speech: Summary
Mindax Limited SLIDE 16 Summary I would like to finish by making a brief summary. The Company has made significant progress in very challenging times. I have summarised For personal use only progress on various aspects of the business during the presentation. We now have some strong foundations for
Slide 12: Business Update: Presentation to Shareholders
Slide 1 For personal use only Mindax Limited BUSINESS UPDATE PRESENTATION TO SHAREHOLDERS 2013 ANNUAL GENERAL MEETING 14 November 2013 Dr S Ward Mindax Limited (ASX: MDX) Managing Director and CEO www.mindax.com.au ABN 28 106 866 442
Slide 13: Disclaimer and Competent Persons Statement
Slide 2 Disclaimer and Competent Persons Statement For personal use only 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 exchang
Slide 14: Contents
Slide 3 Contents For personal use only 1. Highlights 2. Corporate: Overview, Activity and Strategy 3. Sustainability Framework 4. Projects Overview 5. Project Progress Reports 6. Way Forward 7. Outlook 8. Summary ABN 28 106 866 442
Slide 15: Highlights
Slide 4 Highlights For personal use only Significant progress at a time of very challenging financial markets. Delivering on our strategy. Made notable steps to secure a profitable future – JVs negotiated. Successful capital raisings secured funds for fieldwork on all projects. Some encour
Slide 16: Corporate Snapshot
Slide 5 Corporate Snapshot For personal use only Issued Capital & Cash Held MDX - Mindax Ltd Ordinary shares (ASX:MDX) 252.3m XMM - Metals and Mining Index Source: ASX – 8 November 2013 Price (at last trade on 7 November 2013) 10.0¢ 30 day VWAP 9.36¢ 12 Month High / Low 15¢ / 8¢ Market Capitalisatio
Slide 17: Corporate Activity
Slide 6 Corporate Activity For personal use only 1. Shareholders and Development Agreement signed with Perpetual Mining Holding Limited of Hong Kong – Company Defining: - Joint Venture for Mt Forrest, PMHL invests $52M, fast track to production; - Share placement in Mindax of 25M shares @10c; and -
Slide 18: Building a mining house for key commodities
Slide 7 Corporate Building a mining house for key commodities Strategy to reward shareholders well ….. For personal use only Our goal is to move each of our projects along the development pathway and in doing so increase shareholder value. Project Targeted Scoping Feasibility Scout Drilling Construc
Slide 19: Sustainability Framework
Slide 8 Sustainability Framework For personal use only Safety, Environment and Governance are managed with the utmost priority. New integrated Sustainability Framework. Safety Management System Updated. External audit conducted Cultural Heritage Management Plan in place for Mt Forrest. Plan
Slide 20: Project Overview
Slide 9 Project Overview For personal use only Excellent Exploration track record. Four key commodities brings diversity: iron, gold, uranium and copper. Western Australian focus; one jurisdiction to manage – good support. Mix of known areas of established prospectivity and new provinces.
Slide 21: Mt Forrest Iron Project
Slide 10 Mt Forrest Iron Project For personal use only Positive updated Scoping Study Completed. Feasibility Study to start when JV formed. Upgraded JORC resource. Detritals included. DSO Hematite production of 2Mtpa x 5 years then potential larger Magnetite operation. EIA submission being p
Slide 22: Uranium
Slide 11 Uranium JV with Quasar Resources. For personal use only Mindax 80.8%, Quasar 19.2%. Existing JORC inferred resource of 3.2Mlb U3O8 at Mukinbudin. 2013 drill program carried out at Quairading, Kellerberrin and Mukinbudin – total 12,100m. Four new high grade targets identified at Muki
Slide 23: Meekatharra North Gold
Slide 12 Meekatharra North Gold For personal use only New farm-in JV formed; $2.5M spend over 3 year period: highly prospective. Located in established gold province. Next to Doray Minerals new Andy Well mine. Scout exploration completed in 2013. Multiple mineralised structures intersected a
Slide 24: Mortlock Copper
Slide 13 Mortlock Copper For personal use only JV with Quasar Resources Mindax 80.8%, Quasar 19.2%. Tenement rationalisation completed. One prospective tenement retained - 204 km2. 2013 drill program undertaken 58 holes for 2,748 metres. Extensive copper supergene blanket confirmed. Best hol
Slide 25: Way Forward
Slide 14 Way Forward For personal use only Continue to pursue ways to improve value of the Company. Major focus to be on existing projects to realise potential value. Immediate emphasis on securing approvals and completing conditions precedent for SDA with PMHL and forming JV for Mt Forrest.
Slide 26: Outlook
Slide 15 Outlook For personal use only Challenging period for juniors. Innovative solutions required in extraordinary times – SDA with PMHL. In slowdown, Mindax has taken advantage of lower exploration and other work costs and will benefit again in 2014. Source: TSI 31 October 2013 Mt Forres
Slide 27: Summary
Slide 16 Summary For personal use only Significant progress in challenging times. Company now has strong foundations for future growth. SDA with PMHL ‘Company defining’ and ‘game changing’. All projects have demonstrated value potential. Outlook is positive – look forward to 2014. Thanks t
Slide 28: Questions?
Slide 17 Questions? For personal use only Questions? ABN 28 106 866 442
Slide 29: Annual General Meeting of Shareholders November 2013
For personal use only ACN 106 866 442 Annual General Meeting of Shareholders 14 November 2013
Slide 30: Summary of All Proxy Votes Received
Annual General Meeting held on 14 November 2013 Summary of All Proxy Votes Received For personal use only Issued Capital 252,303,570 Total covered by proxies 85,024,154 33.70% Resolution Description 1 Adoption of Remuneration Report 2 Re-Election of Director - Mr Benjamin Chow 3 Re-Election of Direc
Slide 31: Summary of Proxy Votes Received, Excluding Excluded
Annual General Meeting held on 14 November 2013 Summary of the Proxy Votes Received – not including ‘Excluded’ For personal use only Issued Capital 252,303,570 Total covered by proxies 85,024,154 33.70% Resolution Description 1 Adoption of Remuneration Report 2 Re-Election of Director - Mr Benjamin
Slide 32: Resolution: Adoption of Remuneration Report
Resolution 1 – Adoption of Remuneration Report For personal use only “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company’s annual financial report for the financial ye
Slide 33: Resolution: Re-Election of Director Benjamin Chow
Resolution 2 – Re-Election of Director – Mr Benjamin Chow For personal use only “That, for the purposes of clause 13.2 of the Constitution and for all other purposes, Mr Benjamin Chow, a Director, retires by rotation, and being eligible, is re-elected as a Director.” Summary of the Proxy Votes Recei
Slide 34: Resolution: Re-Election of Director Andrew Tsang
Resolution 3 – Re-Election of Director – Mr Andrew Tsang For personal use only “That, for the purposes of clause 13.2 of the Constitution and for all other purposes, Mr Andrew Tsang, a Director, retires by rotation, and being eligible, is re-elected as a Director.” Summary of the Proxy Votes Receive
Slide 35: Resolution: Re-Election of Director Yonggang Li
Resolution 4 – Re-Election of Director – Mr Yonggang Li For personal use only “That, for the purposes of clause 13.4 of the Constitution and for all other purposes, Mr Yonggang Li, a Director who was appointed on 18 April 2013, retires, and being eligible, is re- elected as a Director.” Summary of t
Slide 36: Resolution: Ratification of Prior Issue, January Placement
Resolution 5 – Ratification of Prior Issue – Shares (January Placement) For personal use only “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 16,500,000 Shares on the terms and conditions set out in the Explanatory Statement.” Summary of t
Slide 37: Resolution: Ratification of Prior Issue, February Placement
Resolution 6 – Ratification of Prior Issue – Shares (February Placement) For personal use only “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, Shareholders ratify the issue of 5,000,000 Shares on the terms and conditions set out in the Explanatory Statement.” Summary of t
Slide 38: Resolution: Adoption of Employee Share Plan
Resolution 7 – Adoption of Employee Share Plan For personal use only “That, for the purposes of ASX Listing Rule 7.2 (Exception 9(b)) and for all other purposes, approval is given for the Company to adopt an employee incentive scheme titled Employee Share Plan and for the issue of securities under t
Slide 39: Resolution: Adoption of Employee Incentive Option Plan
Resolution 8 – Adoption of Employee Incentive Option Plan For personal use only “That, for the purposes of ASX Listing Rule 7.2 (Exception 9(b)) and for all other purposes, approval is given for the Company to adopt an employee incentive scheme titled Employee Incentive Option Plan and for the issue
Slide 40: Resolution: Issue of Shares on Conversion of Convertible Note
Resolution 9 – Issue of Shares on Conversion of Convertible Note For personal use only “That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue up to 5,000,000 Shares to Ms Lai You (or her nominee) at an issue price of $0.12 per Share u
Slide 41: Resolution: Issue of Options to Dr Stephen Ward
Resolution 10 – Issue of Options to Related Party – Dr Stephen Ward For personal use only “That, for the purposes of section 208 of the Corporations Act, ASX Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 6,000,000 Options to Dr Stephen Ward (or his nominee