Mindax Limited · ASX:MDX
Mindax — Corporate Update (September 2008)
15 slides from Mindax's corporate update, September 2008
Slide 1: Mindax Limited: Overview of Iron Exploration
MINDAX LIMITED abn 28 106 866 442 Overview of Iron Exploration September 2008
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Mindax Limited (ABN 28 106 866 442), a public company listed on the Australian Stock Exchange. The presentation is based on internal company reports, stock exchange announcements and technical information believed to be reliable but Mindax does not make a
Slide 3: Mindax Overview
MINDAX OVERVIEW An EXPLORATION COMPANY focusing on NEW and UNDER UNDER-RECOGNISED RECOGNISED resource positions Tenement coverage (granted, applications) 6,000km2 In Western Australia The Company is presently looking gold, copper and uranium . A major interest is the Mt Forrest Iron Project in the C
Slide 4: Corporate Capital Structure
Corporate CAPITAL STRUCTURE Chairman Gilbert George Managing Director Greg Bromley Non-executive Director Nicholas Smith Issued Shares 129.12 Million Non-executive Director Andrew Tsang Company Secretary Angelo Francesca (MDX) Shareholders ~800 52 week trading 6.4 – 45c range Market Cap $45M (VWAP 0
Slide 5: Mindax assets
Mindax assets Au Mindax tenement holdings now Au + Fe total U ~6,000km 6,000km2 Fe+Au throughout the Cu + Au Yilgarn Craton in Western Australia Cu + Au Fe U
Slide 6: Iron projects
Iron projects Iron is critical to the modernisation of Asia. Australia is an established key supplier. supplier Quality Q y material has a secure place p in the supply pp y train. Small companies can secure niche positions or can band with others th tto ttake k llarger positions iti iin th the iindu
Slide 7: Western Australian Iron Ore Exports 2007
Western Australian Iron Ore Exports 2007 WA vs Australia Europe Taiwan Other 1.8% 4.0% 0.1% Million tonnes IRON ORE QUANTITY 300 South Korea 11.2%% 250 200 Rest of Australia Western Australia 150 100 WA China 54.1% 50 Japan 0 28.7% 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 Source:
Slide 8: WA Iron production
WA IRON production Hammersley/Pilbara Mid West Central Yilgarn PILBARA 2007 – 250 Mt NT Projected -400 Mt Tas 2007 – 8 Mt YILGARN Projected - ? MID MID-- map WEST 2007 – 2 Mt Projected – 60 Mt
Slide 9: Iron Ore specifications
Iron Ore specifications Fe 55 - 69% Direct shipping high-grade ores (DSO): SiO2 < 5% Lump preferred to fines P < 0.07 S < 0.05% Pelletizing g of fines Al2O3 < 2% LOI 7 – 10% Low phosphorus ores, preferred for high tensile steel production, particularly pressure pipe. High silica undesirable for stee
Slide 10: Yilgarn iron province
yilgarn iron province Iron Occurence !! Mindax Ltd Red Rock Plc BOOYLGOO !! Jupiter Mines Ltd TEN MILE !! Golden State Resources Ltd Map Area Iron Mountain Mining Ltd !! Perth Mabrouk Minerals Pty Ltd MT FORREST !! Macarthur Minerals Ltd CASHMERE DOWNS !! !! MT RICHARDSON Polaris Metals NL MT MASON
Slide 11: Mt Forrest – Bulga Downs
mt forrest – bulga downs Looking north along Cabaret limb Major Attributes of Mt Forrest Average g analyses y of surface samples p within target areas • Folded iron formations over Minimum Maximum Mean Fe 62.880 63.430 63.093 17 km of strike SiO2 2.230 8.310 4.607 P_XRF 0.024 0.061 0.041 •Direct Sme
Slide 12: Mt Forrest Targets
Mt Forrest Targets Exploration p target g estimation has been calculated using the area of outcrop of ironstone and by applying a density factor of 3.5 to estimate tonnes per vertical metre. Extrapolated to a nominal depth of 75metres, this suggests potential for 650-750 Mt of iron stone for the ful
Slide 13: Mt Forrest Iron Ore types
Mt Forrest Iron Ore types Typical iron formation ~ 30% Fe Magnetite ore ~ 40% Fe Hematite ore ~ 62% Fe Hematite-goethite ore ~ 60% Fe
Slide 14: Mt Forrest Mapping
Mt Forrest Mapping • Detailed mapping to control drilling with detailed surface sampling (25m) • To date 20% of overall prospective area covered, results pending. The area in these pictures R Represent t an iinitial iti l 6% off Area to be mapped. Currently 20% has been mapped and assays are pending
Slide 15: Mt Forrest schedule
Mt forrest schedule • first pass exploration completed to exploration target • permitting in progress since Jan 08 • detailed d t il d mapping i in i progress • first pass drilling late Oct08 • preliminary resource estimation Jan09 • scoping study in progress, progress complete Mar09 • feasibility s