Mindax Limited · ASX:MDX
Mindax — Paydirt 2006 Uranium Conference
16 slides from Mindax's conference presentation, Mar 30, 2006
Slide 1: Presentation at Paydirt 2006 Uranium Conference
30 March 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 PRESENTATION AT PAYDIRT 2006 URANIUM CONFERENCE Following please find a presentation to be delivered
Slide 2: Wheatbelt Uranium Collaborative Exploration in South West WA
MIN DA? AMITI MINDAX LIMITED Paydirt’s Uranium Conference Adelaide, March 2006 Wheatbelt Uranium Collaborative Exploration in South West WA
Slide 3: Issued Shares
Issued Shares 46.14 Million Options (Jun06) 8.75M Shareholders 454 Share Price 13¢ 52 week trading range 9 — 16c Chairman Gilbert George Non-executive Director Nicholas Smith Managing Director Greg Bromley Company Secretary Angelo Francesca
Slide 4: Mindax tenements overview
A MINDAX, PHEMERGECAG Oe Sadinenes: PROTERCEOM i Gaadlinid gnales aed micas ARCHARIN Grarittnid Gaeiss and rigmatite 1B eranudirnent and yonies Be Greesaenans YY LI Tenements total 3,500 km2 Gold — 1745 km? Uranium — 1712 kr Nickel — 36 k
Slide 5: Meekatharra project
M MIN DAX fdvdy Well ee f Gf f | Haveluck /, sn 4 MINDAX PROJECT | Pasidy’s Flat MEEKATHARRA W A @ & 49 | kvloriethes Jf ‘pee Bourkes Find On structure to the north of 5 Moz of historical production (Paddy's Flat and Bluebird) Wide spaced previous - exploration but extensive shallow cover Drill targ
Slide 6: Sandstone, WA projects
Lord Nelson Lord Henry MINDAX PROJECTS SANDSTONE, WA kilometres Covers 150 km of Edale fault, 2,000 km? Emerging significant gold endowment aradise Bore # Drill program of 10,000 Pecan metres underway
Slide 7: Radiometric response
radiometric response resolution of heritage Overall airborne >20km long Drilling pending @ Focus area ~5 km 60 ppm U m # Surface assays to 4
Slide 8: Lake Noondie
Slide 9: Joint Venture with Quasar Resources Pty Ltd
e Joint Venture with Quasar Resources Pty Ltd ~ (Affiliated company of Heathgate Resources) w Collaborative Research Project with CRC LEME ~ Existing sampling database ~ Sampling, analytical and modeling expertise
Slide 10: Wheatbelt Collaborative Uranium Project
iM MINDAX LIMITED WHEATBELT COLLABORATIVE URANIUM PROJECT
Slide 11: Co-operative Research Program
Co-operative Research Program w CRC LEME (The Co-operative Research Centre — Landscape Environments and Mineral Exploration) is involved in baseline studies of drylands salinization through out Southern Australia. Mindax have entered into a Collaborative Research Project on Uranium in Wheatbelt Wate
Slide 12: Technical Rationale
Technical Rationale CRC LEME had 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 hydro
Slide 13: Percentiles Plot
Parcentiies Plot After Douglas, Gray and Nobel (CRCLEME) U distribution in Bores, Drains and Surfac and US groundwater a a Poreentiies Std. Dev. “ Std. Error : se Ot BP BOB | ey fo Minimem . 76 Maximum | 7O72.000 90 #Missing | 50034 40 60 a0 Percentiie YY LTO
Slide 14: Mindax
S AUINDIAX, EERE YY LTO
Slide 15: Low cost, attractive risk-reward
MIND IMITED » Low cost to Mindax ($25K/yr) ~ Defrayed cost by virtue of JV (50%) ~ Co-contribution to project by CRC LEME (~30%) w Attractive risk-reward profile a Anticipated medium-term return to shareholders
Slide 16: Mindax offers investors
Mindax offers investors a Low acquisition cost gold projects in areas of under rated exploration potential supported by discoveries # Low acquisition cost/high prospectivity uranium exploration portfolio based on similar notions # Low risk/high return a Exclusive exposure to a high caliber uranium c