Slide 1: Annual General Meeting 27 November 2007
Annual General Meeting 27 November 2007 Water sampling near Quairading ASX-MDX ASX- MINDAX LIMITED ABN 28 106 866 442 ASX--MDXOA ASX
Slide 2: Mindax has continued to evolve as an exploration company
Mindax has continued to evolve as an exploration company positioned in a number of key commodities that we see as strategically important in the future: Iron Gold Copper Uranium Mindax has a deliberate strategy of Exploration on a number of fronts to allow flexibility and to increase the chance 27/1
Slide 3: Highlights
highlights • Granting of Mining Leases at Bulga Downs • Palaeochannel uranium model in the Yilgarn-Avon • Fugue and Toccata gold anomalies at Maynard North • The Mortlock copper gold uranium Project • The Mt Forrest Iron Project • New levels of Corporate activity 27/11/2007 3
Slide 4: Mindax tenure
Mindax tenure Mindax tenement holdings now total 8500km2 throughout the Yilgarn Craton in Western 27/11/2007 Australia 4
Slide 5: The new age of iron
the new age of iron Iron is critical to the modernisation of Asia Australia is an established key supplier Complementary activities can exploit its infrastructure Juniors can play a part Need to take advantage in the short term 27/11/2007 5
Slide 6: Emerging Mid West iron province
Emerging Mid west iron province 27/11/2007 6
Slide 7: Richardson Ranges iron formations
richardson ranges iron formations mt forrest – bulga downs Mindax has a very significant iron position in the Richardson Ranges Looking north along Cabaret limb • Folded iron formations over 17 km 27/11/2007 • Direct Smelting hematite ores 7 • Beneficiated magnetite ores • Significantly low in phosp
Slide 8: Mt Forrest targets
Mt forrest targets 27/11/2007 8
Slide 9: Mt Forrest programme
Mt forrest programme Mapping and December $50,000 sampling, Define drillholes Permitting January - February $50,000 (Heritage, Flora, POW) Earthworks and February - March $300,000 RCP Drilling 27/11/2007 9 Looking south to Mt Richardson
Slide 10: The coming age of uranium
the coming age of uranium Uranium is critical to an increasingly power reliant future but CO2 averse future It offers base load generation with a very small footprint spatially and environmentally Australia has an established position as a supplier and a capacity to play a leading role in nuclear te
Slide 11: Mindax uranium projects
Mindax uranium projects 27/11/2007 11 7200km2
Slide 12: Yilgarn-Avon joint venture
Yilgarn--avon joint venture Yilgarn Mindax has identified and secured a new uranium province in WA Looking south across Caroline Gap • An extensive under recognised palaeo-river system of some 300km length 27/11/2007 • high U to 1 ppm in headwaters 12 • Suitable carbonaceous traps downstream • Envir
Slide 13: Yilgarn-Avon tenure
Yilgarn--avon tenure Yilgarn 27/11/2007 13 6200km2
Slide 14: Yilgarn palaeo-river
Yilgarn palaeo- palaeo-river 27/11/2007 14
Slide 15: YAJV uranium programme
YAJV uranium Programme Initial Aircore December - $195,000 Drilling January Programme Further January - $50,000 Permitting March (POW) 27/11/2007 15 Continuing March - June $390,000 Aircore Drilling
Slide 16: Everlasting gold standard
Everlasting gold standard The gold price is expected to respond positively to an ailing US economy Gold remains the best route to cash flow for a junior Our area of operations has a considerable gold endowment Our gold portfolio still has value 27/11/2007 16
Slide 17: Mindax gold projects
Mindax gold projects 1300km2 27/11/2007 17
Slide 18: Paradise Bore – Toucan, Bulga Downs project
Paradise bore – toucan bulga downs project Mindax continues to explore for gold on its Bulga Downs – Sandstone tenements • Work at Bulga Downs continues to indicate a commercial operation is possible • Work is required to infill and quantify an indicated resource position at Paradise Bore • Work is
Slide 19: Paradise – Toucan mineralisation
Paradise – toucan mineralisation 27/11/2007 19
Slide 20: Bulga project tenure
Bulga project tenure • The Bulga Downs project area falls within the Ida Valley Conservation Park proposal • Under a recent ministerial announcement it falls into category 3 – to be resolved • Mining leases were granted early in 2007 for 21 years by way of a state agreement • Agreement includes the
Slide 21: Sandstone gold programme
Sandstone Gold Programme RAB Drilling Fugue February $54,000 and Toccata RC Drilling at Bulga March-April $266,000 Downs RC Drilling at April $180,000 Panhandle AC Drilling at April-May $134,000 Meekatharra North 27/11/2007 21
Slide 22: Omnipresent base metals
Omnipresent base metals As with iron, base metals such as copper are integral in Asia’s new economy Base metal prices are expected to remain high with this demand and relatively low inventories They are a frequent partner of the gold, uranium and iron we search for We have an expertise in Base Metal
Slide 23: Mortlock joint venture
Mortlock joint venture Mindax has secured an interest in an exciting new copper-gold-uranium project in the Northam-Goomalling area to the east of Perth The YAJV has placed an application over the Centre Forrest – Southern Brook copper-gold discovery. The Kalguddering uranium occurrence lies to the
Slide 24: Mortlock tenure
Mortlock tenure 570km2 27/11/2007 24
Slide 25: Mortlock exploration
Mortlock exploration Centre Forrest Drill Section Zone of U- U-Mo mineralisation 27/11/2007 25 • peak values – gold: 4 to 6 g/t, copper: 0.7 to 1.3% • strike persistence >700m at 0.1% Cu (limit of drilling) • anomalous bismuth and tungsten, biotite with ore • footwall uranium-molybdenum, K-spar
Slide 26: Mortlock programme
Mortlock programme Airborne November $300,000 EM Interpretat December $10,000 ion Permitting January - $25,000 (Heritage, February Flora, POW) 27/11/2007 Earthworks March- $100,000 26 and April aircore Drilling AEM Survey
Slide 27: The road ahead
The road ahead • Mindax has a busy year ahead • Four good stories to be fleshed out • Ongoing rationalisation of tenure • Emphasis on drilling from early in the year 27/11/2007 27