Mindax Limited · ASX:MDX
Mindax — Paydirt's Uranium Conference 2007
15 slides from Mindax's conference presentation, Mar 23, 2007
Slide 1: Exploration for Uranium in South Western Australia
MINDAX LIMITED Paydirt’s Uranium Conference Adelaide, March 2007 EXPLORATION FOR URANIUM IN SOUTH WESTERN AUSTRALIA Mindax Energy Pty Limited Greg Bromley, Managing Director, 23 March 2007 THANKYOU KEITH FOR THAT INTRODUCTION. BEFORE I START I WOULD LIKE TO COMPLEMENT PAYDIRT ON ANOTHER EXCELLENT AN
Slide 2: Company structure, shares and management
Chairman Issued Shares Gilbert George 52.6 Million Non- Non-executive Director Options (Jun08) Nicholas Smith 26.3M Managing Director Greg Bromley Shareholders 468 Company Secretary Angelo Francesca Top 20 47% Exploration Manager Ian McDonald Share Price MDX (MDX0) 17c (3.5c) 52 week trading range 9
Slide 3: Mindax Projects
Mindax Carnegie Projects Meekatharra Maynard Uranium Bulga Downs Noondie Lakes 3,600 km2 Panhandle Gold 1,100 km2 Yilgarn- Yilgarn-Avon JV Tenements total 4,700 km2 THE MINDAX PORTFOLIO IS FOCUSSED ON URANOUM AND GOLD IN WESTERN AUSTRALIA. WE HAVE SOME 4,700 SQ KM UNDER TITLE, DOMINANTLY FOR URANIUM
Slide 4: Uranium Projects
Uranium Projects Yilgarn Avon Joint Venture with Quasar Resources 50% Heathgate affiliate CRC LEME Uranium- Uranium-in- in-Water Co- Co-operative Research Project New Province Water results to 1000ppb (~ ore) Drilling to commence April Noondie Lakes Project Anomalous U in water identifies new palaeo
Slide 5: Yilgarn Avon Joint Venture
Yilgarn Avon Joint Venture • Mindax Energy 50%, and operator • Quasar Resources 50%, • JV area of 100,000 km2, • 2,500 km2 tenements • 160 km of U anomalous trunk palaeochannel • Full budget $850,000 to end 2007 THE YILGARN-AVON JV WAS INITIATED A LITTLE OVER A YEAR AGO. IT IS AN EQUAL RELATIONSHIP
Slide 6: Yilgarn Avon Joint Venture: Yeelirrie Waters
Yilgarn Avon Joint Venture Yeelirrie Waters background 5- 5-10 ppb U near ore 100- 100-450 ppb U in ore 1200 ppb U THIS SLIDE GIVES AN EXAMPLE OF THE CONCENTRATIONS OF URANIUM IN THESE WATERS. SAMPLING OF BORES AND SURFACE WATERS HERE CONSISTENTLY GIVE GEOCHEMICALLY SIGNIFICANT RESULTS SUGGESTING TH
Slide 7: Yilgarn Avon Joint Venture: Palaeodrainages
Yilgarn Avon Joint Venture Palaeodrainages looking north-east THE LAKE CAMPION AREA IS IN THE UPPER PART OF THE SALT RIVER THAT EVENTUALLY DRAINS INTO THE PERTH BASIN. THIS SLIDE IS A PERSPECTIVE VIEW OF THE TOPOGRAPHY WITH TRANSPORTED REGOLITH DOMAINS, LAKES AND ALLUVIALS, SUPERIMPOSED. THE SALT RI
Slide 8: CRC LEME Uranium in Water Project
Yilgarn Avon Joint Venture CRC LEME Uranium in Water Project CRC LEME Project – Uranium in Water Flows from Wheatbelt Salinity Program Currency 2006-2007 Hydrogeochemistry Mineral Speciation Radiogenic Isotopes Sampling Methodology Modelling Methodology AS MENTIONED EARLIER, THE YILGARN-AVON JOINT V
Slide 9: Yilgarn Avon Joint Venture Program
Yilgarn Avon Joint Venture Program Air core drill traversing (April-May) To test for mineralisation, to provide water samples, to define palaeochannel morphology Water Sampling Close up spacing over all tributaries, 1 km sample spacing optimum, 100ppb threshold to 1000ppb in ore Stream sediment and
Slide 10: Noondie Lakes Project
Noondie Lakes Project Uranium-in-Water analyses from bores indicate 14km of prospective palaeodrainage for reconnaissance drilling THE LAKE NOONDIE PROJECT WAS OUR INTRODUCTION TO URANIUM, COMING OUT OF OUR GOLD PROGRAM. HIGH RADIOMETRIC RESPONSES ASSOCIATED WITH LAKE SEDIMENTS IN THIS PALAEOCHANNEL
Slide 11: Noondie Project Program
Noondie Project Program • Air core drill traversing (April- (April-May) To test for mineralisation, to provide water samples, to define palaeochannel morphology • Infill laterite/calcrete sampling Along established drainages as permitted by outcrop • Detailed geophysics Ground/Vehicle Spectrometer s
Slide 12: Lake Barlee (Panhandle) Project
Lake Barlee (Panhandle) Project • Strong radiometric anomaly over 5km long on edge Lake Barlee • Several times strength of Noondie response • Anomalous surface geochemical results to 61ppm U over 2000m • Air core drill test at earliest opportunity (May-June) THE LAKE BARLEE PROSPECT AT PANHANDLE HAS
Slide 13: Carnegie Project
Carnegie Project • 300 km east of Wiluna • Sediment samples within top 2% of data set • 88km of channel • Potential provenance in Malmac Dome to west • Detailed airborne radiometrics, surface sampling, aircore drilling second half of 2007 CARNEGIE IS A NEW GRASS ROOTS PROJECT. WE HAVE MADE APPLICATI
Slide 14: Where to?
Where to? Develop existing projects Advance opportunities within the Yilgarn-Avon joint venture Translate water technology into new areas Further develop strategic relationships through joint venture and acquisition MINDAX SEES ITS FUTURE VERY MUCH IN THE URANIUM AREA. WE ARE AN EXPLORER FIRST AND F
Slide 15: Conclusion
Conclusion Mindax offers investors: Low acquisition cost projects in areas of new or under rated exploration potential A significantly undervalued uranium opportunity Exclusive exposure to new and innovative exploration technologies MINDAX OFFERS AN ATTRACTIVE INVESTMENT WITHIN A BALANCED PORTFOLIO.