MINDAX LIMITED — AGM Information 2013

Nov 13, 2013

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ASX ANNOUNCEMENT

14 November 2013

ANNUAL GENERAL MEETING - PRESENTATIONS

ASX Code: MDX

ABN: 28 106 866 442

Corporate Description

Mindax's Mt Forrest Iron Project is progressing through feasibility with a view to mining in 2015.

Mindax is also the greenfields discoverer of a new uranium province near Mukinbudin, Western Australia.

Mindax also has exploration projects based in Western Australia which involve Gold and Copper.

Through technically advanced exploration and an eye for detail, Mindax has successfully built a significant portfolio of 25 mineral exploration and mining tenements covering over 1,700 square kilometres. In addition, Mindax has tenure in place for water and infrastructure covering over 2,400 square kilometres in support of the Mt Forrest Iron Project development.

Mindax aims to develop strategic resources through innovative exploration. Projects will be moved to production including via strategic partnerships.

Pursuant to ASX Listing Rule 3.13.3, Mindax Limited advises that the attached presentations will be delivered by the Company’s Chairman and Managing Director at today’s Annual General Meeting.

The attached also contains a summary of the proxy votes received for the meeting.

For and on behalf of the Board

MINDAX LIMITED

Christopher Pougnault Company Secretary

Key Projects

Mt Forrest Iron Yilgarn-Avon JV Sedimentary Uranium Mortlock JV Copper-Gold Meekatharra JV Gold

Principal Address and Registered Office

Level 2, 25 Richardson Street West Perth WA 6005 Telephone: +61 8 9485 2600 Facsimile: +61 8 9485 2500 Email: info@mindax.com.au

Investor Enquiries

Steve Ward Managing Director and Chief Executive Officer Telephone: +61 8 9485 2600 Email: info@mindax.com.au

Media Enquiries David Utting Mobile: +61 416 187 462 Email: david@davidutting.com

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MINDAX LIMITED | www.mindax.com.au

**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 negative
in
spite
of:

• -­‐ the
  iron
  ore
  price
  quickly
  recovering
  from
  a
  price
  dip
  early
  in
  the
  year
  and since
  then
  maintaining
  relative
  strength
  throughout
  the
  year;

• -­‐ interest
  rates
  coming
  down;

• -­‐ more
  competitive
  contracting
  rates
  emerging
  as
  a
  number
  of
  large
  scale projects
  were
  completed;

• -­‐ positive
  government
  sentiment
  towards
  provision
  of
  infrastructure
  to service
  an
  expanded
  output
  from
  the
  Yilgarn,
  and;

• -­‐ positive
  news
  flow
  from
  all
  of
  our
  projects

Under
these
circumstances
Mindax
has
successfully
developed
a
Joint
Venture for
its
Mt
Forrest
Project
with
Hong
Kong
based
Perpetual
Mining
Holdings Limited,
and
sourced
sufficient
funds
to
progress
all
projects
in
its
portfolio.

The
Joint
Venture
with
PMHL
is
subject
to
statutory
and
shareholder
approvals, and
our
updated
scoping
study
released
last
month
indicates
we
anticipate
being able
to
fast
track
towards
production
utilising
the
$52
million
provided
by
our
JV partner,
together
with
capital
investments
from
major
service
providers.

Iron
ore
continues
to
be
our
main
focus,
and
despite
several
high
profile
projects being
shelved
here
and
overseas,
exports
from
existing
projects
in
Western Australia
continue
at
record
levels,
and
recent
prices
have
touched
$136/tonne.

Gold
and
Uranium
have
both
experienced
a
flat
year,
although
gold
recovered somewhat
from
around
June
this
year,
helped
by
the
Australian
dollar
moving below
parity.
Uranium
is
still
shackled
by
the
aftermath
of
the
Fukushima Tsunami,
and
predictions
of
a
firmer
price
have
not
yet
eventuated.

We
are
very
pleased
with
the
results
of
our
recent
drilling
program
under
the Meekatharra
JV,
and
both
drilling
targets
struck
Doray-­‐style
intersections.
There are
two
more
similar
targets
scheduled
for
follow-­‐up
as
well
as
infill
proposed during
the
second
drilling
campaign
next
year.

The
identification
of
further
high
grade
areas
at
our
Mukinbudin
uranium
project will
be
followed
up
in
order
to
build
on
the
3.2
million
pound
resource
generated by
an
earlier
scout
drilling
program.

While
there
is
undue
focus
by
market
commentators
on
when
the
US
Federal Reserve
will
reduce
or
phase
out
its
Quantitative
Easing
policy,
we
should
not lose
sight
of
the
fact
that
the
increasingly
robust
US
economy
will
generate significant
real
demand
for
commodities
and
that
key
economies
in
the
EC
and Asia
seem
also
to
be
experiencing
a
coordinated
upswing.

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
market
sentiment
towards
the
junior
mining
sector,
where
much
of
the exploration
effort
for
tomorrow’s
supplies
arises.

2014
and
2015
should
see
junior
companies
with
good
projects,
like
ourselves, achieve
recognition
in
proportion
to
the
quality
of
our
assets.

In
conclusion
I
would
like
to
acknowledge
the
input
of
my
fellow
directors
and the
efforts
of
our
small
and
focused
exploration
and
development
team
led
by Managing
Director
Dr
Steven
Ward
and
CFO
Chris
Pougnault.

Gilbert
George Chairman

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ANNUAL GENERAL MEETING 14 NOVEMBER 2013

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 pleasure and honour to be here today speaking with you at my second Annual General Meeting and the first one where I have been Managing Director and Chief Executive Officer for most of the reporting period.

I would like to give you an update on the Company’s activities. I shall provide an overview. There is considerable information on the slides. I do not propose to work through all the details in them, but will provide summary comments for each one.

The Presentation and my speech will be available on the ASX and the Mindax website.

I shall be happy to answer questions at the end of my presentation.

Our expert staff will be present at the end of the meeting and will be pleased to answer any technical queries which you may have. I encourage you to spend time with them. They are proud of their projects and the progress which has been made.

Turning now to my presentation.

SLIDE 2 Disclaimer and Competent Persons Slide

I must begin with the customary Disclaimer and Competent person’s statements.

SLIDE 3 Contents

Today, I would like to begin by describing the highlights for the period, then turn to corporate matters, follow with comments on progress on our projects, move to describe the way forward and outlook and finish with a summary.

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Mindax Limited

SLIDE 4 Highlights

During the past year, considerable progress has been made in delivering the Company’s strategy to become a mining house which rewards shareholders well.

This has been achieved in very challenging financial markets for junior companies. Mindax has been able to raise funds in this environment and we thank the investors (both new and existing) for their support in providing funds.

The negotiation of joint ventures for Mt Forrest and Meekatharra North, completion of a positive updated scoping study for Mt Forrest and some encouraging exploration results from first field work for 18 months all contribute to an exciting outlook for the Company and provide a stronger platform for future growth.

It is particularly pleasing to report no Lost-Time-Injuries or environmental incidents, given the significant amount of field work undertaken.

SLIDE 5 Corporate Snapshot

Corporate details can be seen on this next slide.

Our share price has fluctuated between 8 cents and 15 cents and has been impacted in these challenging financial markets for junior companies.

Share trading liquidity has remained low.

Minddax liquidity has historically been quite low and in the view of the Board this prevents the true value of the Company being reflected in the share price. The Board has given this matter careful consideration and believes the proposed share bonus issue which forms part of the Shareholders and Development Agreement with Perpetual Mining Holding Limited ( PMHL ) provides the potential to improve liquidity.

The Company had a cash balance of $1.8M at end of September.

I would like to express my thanks to all shareholders for their support. We appreciate the ongoing support from those shareholders who have been with the Company for several years and warmly welcome everyone who has become a new shareholder in the past 12 months.

I would also like to acknowledge the support we have received from other stakeholders including local communities, indigenous groups and others.

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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.

The Shareholders and Development Agreement signed with PMHL of Hong Kong is both ‘Company Defining’ and ‘Game Changing’.

It is an innovative deal in extraordinary times and is designed to have a very positive impact in a number of areas.

The three components of the deal: Mt Forrest Joint Venture, share placement in Mindax and Mindax bonus share issue secure the future of the Mt Forrest Project, provides Mindax with funding, rewards shareholders and potentially improves liquidity.

The deal is subject to regulatory approvals and conditions precent which are being progressed. There will be an EGM for Mindax shareholders to consider and vote on the deal. Details will be advised in due course. An Independent Expert’s report will be provided to shareholders to assist with their considerations.

It has been possible to move our Meekatharra North Gold Project forward with the successful formation of a Joint Venture in which our partners will provided $2.5M exploration funding over a three year period.

Finally, it has been possible to raise $5.7M successfully to provide funds for our field work programs and other expenses.

SLIDE 7 Corporate Strategy

The next slide recaps our Corporate Strategy.

All our work is focused on delivering this strategy.

We continue to seek ways to create value from our portfolio of key commodity projects.

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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.

We launched a new Sustainability Framework which provides an integrated overview structure for our management activities.

Our Safety Management System was also updated and is now aligned to the recognised International Standard AS/NZS 4801. Regular auditing for appropriateness and compliance will be undertaken in the future.

As mentioned previously, it was pleasing to record no Lost-Time-Injuries or environmental incidents.

SLIDE 9 Project Overview

I shall provide a brief recap overview of our project portfolio before describing progress on each project in more detail.

Mindax has an excellent exploration track record.

Four key commodity projects have been established. Four commodities brings diversity.

These projects are all in Western Australia, some in known areas of prospectivity and others in new provinces. We have one jurisdiction to manage and good support from stakeholders.

Our projects are at different stages of maturity.

Our flagship Mt Forrest Iron Project is at the end of Scoping Study.

Our Uranium project, which has a maiden resource, is at targeted exploration stage

Our Meekatharra North Gold Project and Mortlock Copper Project are at earlier stages of exploration.

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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 with PMHL.

A positive updated scoping study has been completed. The initial DSO Haematite production scenario will be for 2mtpa for 5 years based on an expanded regolith/detrital resource which was announced after the 2013 drilling program. A larger magnetite operation can then follow as the DSO operation will expose the magnetite resource.

The Project Feasibility Study can commence once the JV is formed.

We have also progressed environmental programs and commercial work regarding securing port capacity at Esperance.

Our environmental field work is essentially complete and we are now preparing our Environmental Impact assessment for submission.

Discussions with Esperance Port staff and the proponents of the Esperance Port Multi user Iron Ore Facility are in progress.

The JV funding will enable us to fast track the project towards production. Subject to satisfactory feasibility study, securing approvals and access to port, mining could commence mid 2015.

SLIDE 11 Uranium Project

In 2013 we carried out significant uranium drilling at each of the three project areas; Quairading, Kellerberrin and Mukinbudin.

Four new high grade targets were identified at Mukinbudin which is the project area where the current resource is located. These results were very encouraging and there is certainly potential for this to become a new uranium province.

Mindax funded the 2013 work program and our JV interest now stands at 80.8% and Quasar’s at 19.2%.

We are currently planning for the next round of exploration work.

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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.

Scout drilling was undertaken in 2013 with funds supplied by our JV partners.

Multiple mineralised structures were intercepted, and are open, and are similar to those seen by Doray.

Amongst the encouraging assay results reported, two stood out:

• 5m@5.05g/t Au (inc 1m @13.10g/t Au)

• 3m@9.75g/t Au (inc 1m@13.50g/t Au)

Future program planning is now in progress.

SLIDE 13 Mortlock Copper

A drill program carried out in 2013 produced positive results and confirmed the presence of an extensive copper supergene blanket on the large Centre Forrest tenement.

We have retained this tenement for future exploration.

We have rationalised our tenement holding in the project area by relinquishing other tenements which we believe have low prospectivity.

The 2013 field work was funded entirely by Mindax and our JV interest is now 80.8% and Quasar’s 19.2%.

Planning for future work is now in progress.

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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.

Our major focus will be on the development of pathways for our existing projects to realize their full value.

The immediate emphasis will be to complete the Shareholders Development Agreement with PMHL by securing approvals and completing the conditions precedent and then to form the Mt Forrest Iron Project Joint Venture.

Mindax has a professional and dedicated team which is very cost conscious. We have a very lean organisation and will continue to work flexibly and minimise costs.

We will retain our focus on safety, environment, good corporate governance and cost control.

SLIDE 15 Outlook

It has been, and still is, a very challenging time for junior companies.

We firmly believe that the Shareholders and Development Agreement with PMHL is an innovative solution in these extraordinary times. The old, more traditional approaches are no longer possible and we believe more innovative deals will be seen in the market.

Mindax has been able to take advantage of the general slow-down in general project activity and obtained very competitive rates for work carried out in 2013.

We will continue this approach in 2014 and believe that the Mt Forrest JV will stand to benefit.

Finally, it is pleasing to note that the iron ore market has rebounded and is holding up well. Market sentiment and outlook is now more positive which bodes well for the future of Mt Forrest.

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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 progress on various aspects of the business during the presentation.

We now have some strong foundations for future growth.

The Shareholder Development Agreement with PMHL is ‘Company Defining’ and ‘Game Changing’. We look forward to having PMHL as our partner for Mt Forrest.

The work completed in the past year has highlighted value potential for all our projects.

The outlook for the Company is positive and we look forward to further success in 2014.

Finally, thanks to all our shareholders, we appreciate your support.

Thank you for your attendance today.

SLIDE 17 Questions?

I would be happy to answer any questions.

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Slide 1
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Mindax Limited

BUSINESS UPDATE PRESENTATION TO SHAREHOLDERS 2013 ANNUAL GENERAL MEETING

14 November 2013 Mindax Limited (ASX: MDX)

Dr S Ward Managing Director and CEO

www.mindax.com.au

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ABN 28 106 866 442
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Slide 2
Disclaimer and Competent Persons Statement
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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 exchange announcements and technical information believed to be reliable but MDX does not make any representation or warranty to its accuracy, completeness or currency.

Some statements contained regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. They are conceptual and will change as further technical and financial information is generated.

In this regard, for any statements pertaining to future exploration targets or conceptual exploration targets, the nature of the exploration target means that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resource.

MDX accepts no obligation to correct or update the information or opinions expressed in the presentation. Whilst the opinions expressed accurately reflect the views of MDX at the time of presenting, they are subject to change without notice.

The presentation does not purport to provide all of the information an interested party may require in order to investigate the affairs of MDX nor shall it be construed as a solicitation to buy or sell MDX securities, or to engage in or refrain from engaging in any financial transaction.

In preparing this presentation MDX did not take into account the investment objectives, financial situation and particular needs of the individual investors. Before making a decision on the basis of this presentation, the investor needs to consider, with or without the assistance of a financial advisor, whether such a decision is appropriate in light of their particular investment needs, objectives and financial circumstances.

Competent Persons’ Statement

The information in this report that relates to the various Projects for Exploration Results and Mineral Resources in the form and context in which they appear is based on information compiled by Mr John Vinar who is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM), with more than 5 years experience in the field of activity being reported on.

Mr Vinar is a full-time employee of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Vinar consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

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ABN 28 106 866 442
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Slide 3
Contents
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1. Highlights

1. Corporate: Overview, Activity and Strategy

2. Sustainability Framework

3. Projects Overview

4. Project Progress Reports

5. Way Forward

6. Outlook

7. Summary

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Slide 4
Highlights
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• 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 encouraging exploration results.

• Positive updated Mt Forrest Scoping Study completed.

• Pleasing EH&S performance – No LTI’s or environmental incidents.

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Slide 5
Corporate Snapshot
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Issued Capital & Cash Held

Issued Capital & Cash Held
Ordinary shares(ASX:MDX)	252.3m
Price(at last trade on 7 November 2013)	10.0¢
30 day VWAP	9.36¢
12 Month High / Low	15¢ / 8¢
Market Capitalisation	$25.2m
12 Month Liquidity	4.80%
Number of unlisted options issued over shares	7.60M
Cash at bank(as at 30 September 2013)	$1.78m
Directors
Gilbert George – Non Executive Chairman
Steve Ward – Managing Director & CEO
Andrew Tsang – Non Executive Director
Benjamin Chow – Non Executive Director
Eric Loh – Non Executive Director
Yonggang Li – Non Executive Director
Company Secretary
Christopher Pougnault
Significant Shareholders
Zhensheng Zhuang(including associated parties)	19.43%
Andrew Tsang(including related and associated parties)	19.08%
LAP Exploration Pte Ltd	12.69%
HSBC Custody Nominees	9.62%
Jupiter Mines Limited	5.24%
Top 20 shareholders	circa 83.68%
Total number of shareholders(as at 7 November 2013)	537

MDX - Mindax Ltd XMM - Metals and Mining Index Source: ASX – 8 November 2013

Company Details

Listed on the ASX in 2004 Head Office in Perth, Western Australia Address: PO Box 92 West Perth WA 6872 Level 2, 25 Richardson Street, West Perth WA 6005 Telephone: +61 (0) 8 9485 2600 Website: www.mindax.com.au

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Slide 6
Corporate Activity
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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

• Bonus share issue to all holders. 4 new Mindax shares for each one held . Secures Mt Forrest future, provides Mindax funding, rewards shareholders and potentially improves liquidity.

• Deal subject to approvals and conditions precedent. Being progressed. EGM of Mindax shareholders to consider the deal – date will be advised.

• 1. Meekatharra North JV. $2.5M spend over three years, secures future.

• $5.7M raised successfully to fund 2013 exploration programs – first field work for approximately 18 months.

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ABN 28 106 866 442
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Corporate Building a mining house for key commodities to reward shareholders well ….. Strategy

Our goal is to move each of our projects along the development pathway and in doing so increase shareholder value.

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Scout Drilling
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Scoping
Study
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Construction
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Copper Uranium Iron Ore Mortlock Yilgarn Avon Mt Forrest Gold Meekatharra Access to appropriate funding is critical to our success. Capital raisings and/or strategic partners.

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Slide 8
Sustainability Framework
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• 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 for Meekatharra North being prepared.

• No LTI’s or environmental incidents recorded.

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Slide 9
Project Overview
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• 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.

• Different stages of development: Greenfields

• exploration (Cu, Au), Focused drilling (U), and Scoping Study (Fe).

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Slide 10
Mt Forrest Iron Project
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• 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 prepared.

• Esperance Port access discussions in progress.

• JV funding will fast track project. Mining 2015.

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Slide 11
Uranium
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• JV with Quasar Resources. 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 Mukinbudin.

• Potential new uranium province.

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Slide 12
Meekatharra North Gold
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• 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 and are open (Doray – type).

• 5m@5.05g/t Au (inc 1m @13.10g/t Au) 3m@9.75g/t Au (inc 1m@13.50g/t Au).

• Future program planning in progress.

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Slide 13
Mortlock Copper
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• JV with Quasar Resources Mindax 80.8%, Quasar 19.2%.

• Tenement rationalisation completed. One prospective tenement retained - 204 km[2] .

• 2013 drill program undertaken 58 holes for 2,748 metres.

• Extensive copper supergene blanket confirmed. Best hole 1m @ 1.42% Cu.

• Future drill planning in progress.

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ABN 28 106 866 442
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Slide 14
Way Forward
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• 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.

• Refine and optimise project development pathways.

• Ongoing professional, flexible, lean and cost conscious organisation.

• Company underpinned by good, safety, environment and governance performance.

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ABN 28 106 866 442
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Slide 15
Outlook
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• 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.

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Source: TSI 31 October 2013
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• Mt Forrest project costs stand to gain from reduced overall investment activity.

• Iron ore prices have been resilient, market sentiment is more optimistic.

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ABN 28 106 866 442
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Slide 16
Summary
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• 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 to all our shareholders, we appreciate your support.

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ABN 28 106 866 442
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Slide 17
Questions?
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Questions?

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ABN 28 106 866 442
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ACN 106 866 442

Annual General Meeting of Shareholders 14 November 2013

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Annual General Meeting held on 14 November 2013
Summary of All Proxy Votes Received
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Issued Capital	252,303,570
Total covered by proxies	85,024,154	33.70%

Resolution Number	1	2	3	4	5	6	7	8	9	10
For	32,817,648	80,582,191	80,366,591	80,582,191	80,582,191	80,582,191	80,536,191	80,536,191	32,817,648	80,502,191
Against	2,000	-	215,600	-	2,000	2,000	48,000	48,000	2,000	82,000
Abstain	-	-	-	-	-	-	-	-	-	-
Open Discretion(Chairman)	82,000	4,435,463	4,435,463	4,435,463	4,433,463	4,433,463	4,433,463	4,433,463	4,393,413	4,393,413
Restricted Discretion(Chairman)	-	-	-	-	-	-	-	-	-	-
Open Unusable	40,050	-	-	-	-	-	-	-	40,050	40,050
Excluded	52,075,956	-	-	-	-	-	-	-	47,764,543	-
Invalid	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500	6,500
Total	85,024,154	85,024,154	85,024,154	85,024,154	85,024,154	85,024,154	85,024,154	85,024,154	85,024,154	85,024,154
Percentages for Proxies Lodged - for all votes received
For	38.60%	94.78%	94.52%	94.78%	94.78%	94.78%	94.72%	94.72%	38.60%	94.68%
Against	0.00%	0.00%	0.25%	0.00%	0.00%	0.00%	0.06%	0.06%	0.00%	0.10%
Abstain	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Open Discretion(Chairman)	0.10%	5.22%	5.22%	5.22%	5.21%	5.21%	5.21%	5.21%	5.17%	5.17%
Restricted Discretion(Chairman)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Open Unusable	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.05%
Excluded	61.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	56.18%	0.00%
Invalid	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Total	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

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Annual General Meeting held on 14 November 2013
–
Summary of the Proxy Votes Received not including ‘Excluded’
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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 Director - Mr Andrew Tsang
4		Re-Election of Director - Mr YonggangLi
5		Ratification of Prior Issue - Shares(JanuaryPlacement)
6		Ratification of Prior Issue - Shares(FebruaryPlacement)
7		Adoption of Employee Share Plan
8		Adoption of Employee Incentive Option Plan
9		Issue of Shares on Conversion of Convertible Note
10		Issue of Options to Related Party- Dr Stephen Ward
Resolution Number		1 2 3	4		5	6	7	8	9	10
For		32,817,648 80,582,191 80,366,591	80,582,191	80,582,191		80,582,191	80,536,191	80,536,191	32,817,648	80,502,191
Against		2,000 - 215,600	-		2,000	2,000	48,000	48,000	2,000	82,000
Abstain		- - -	-		-	-	-	-	-	-
Open Discretion(Chairman)		82,000 4,435,463 4,435,463	4,435,463	4,433,463		4,433,463	4,433,463	4,433,463	4,393,413	4,393,413
Restricted Discretion(Chairman)		- - -	-		-	-	-	-	-	-
Open Unusable		40,050 - -	-		-	-	-	-	40,050	40,050
Excluded		52,075,956 - -	-		-	-	-	-	47,764,543	-
Invalid		6,500 6,500 6,500	6,500		6,500	6,500	6,500	6,500	6,500	6,500
Total		85,024,154 85,024,154 85,024,154	85,024,154	85,024,154		85,024,154	85,024,154	85,024,154	85,024,154	85,024,154

Percentages for Proxies Lodged - does not include EXCLUDED	Percentages for Proxies Lodged - does not include EXCLUDED	Percentages for Proxies Lodged - does not include EXCLUDED
For	99.60%	94.78%	94.52%	94.78%	94.78%	94.78%	94.72%	94.72%	88.08%	94.68%
Against	0.01%	0.00%	0.25%	0.00%	0.00%	0.00%	0.06%	0.06%	0.01%	0.10%
Abstain	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Open Discretion(Chairman)	0.25%	5.22%	5.22%	5.22%	5.21%	5.21%	5.21%	5.21%	11.79%	5.17%
Restricted Discretion(Chairman)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Open Unusable	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.11%	0.05%
Excluded
Invalid	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%
Total	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

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Resolution 1 Adoption of Remuneration Report
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“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 year ended 30 June 2013.”

Summary of the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
32,817,648	2,000	-	82,000	40,050	52,075,956	6,500	85,024,154
38.60%	0.00%	0.00%	0.10%	0.05%	61.25%	0.01%	100.00%
Percentages for Proxies Entitled to Vote on Resolution
99.60%	0.01%	0.00%	0.25%	0.12%		0.02%	100.00%

Note: The ‘Excluded’ value represents shareholders who have lodged a valid proxy form, however are excluded from voting on this resolution based on information contained in the Notice of Meeting. That is, a member of the Key Management Personnel, details of whose remuneration is included in the Remuneration Report, or a closely related party of such a member.

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– - –
Resolution 2 Re Election of Director Mr Benjamin Chow
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“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 Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,582,191	-	-	4,435,463	-	-	6,500	85,024,154
94.78%	0.00%	0.00%	5.22%	0.00%	0.00%	0.01%	100.00%

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– - –
Resolution 3 Re Election of Director Mr Andrew Tsang
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“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 Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,366,591	215,600	-	4,435,463	-	-	6,500	85,024,154
94.52%	0.25%	0.00%	5.22%	0.00%	0.00%	0.01%	100.00%

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– - –
Resolution 4 Re Election of Director Mr Yonggang Li
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“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 reelected as a Director.”

Summary of the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,582,191	-	-	4,435,463	-	-	6,500	85,024,154
94.78%	0.00%	0.00%	5.22%	0.00%	0.00%	0.01%	100.00%

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– –
Resolution 5 Ratification of Prior Issue Shares (January Placement)
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“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 the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,582,191	2,000	-	4,433,463	-	-	6,500	85,024,154
94.78%	0.00%	0.00%	5.21%	0.00%	0.00%	0.01%	100.00%

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Resolution 6 Ratification of Prior Issue Shares (February Placement)
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“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 the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,582,191	2,000	-	4,433,463	-	-	6,500	85,024,154
94.78%	0.00%	0.00%	5.21%	0.00%	0.00%	0.01%	100.00%

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Resolution 7 Adoption of Employee Share Plan
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“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 that Plan, on the terms and conditions set out in the Explanatory Statement.”

Summary of the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,536,191	48,000	-	4,433,463	-	-	6,500	85,024,154
94.72%	0.06%	0.00%	5.21%	0.00%	0.00%	0.01%	100.00%

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Resolution 8 Adoption of Employee Incentive Option Plan
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“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 of securities under that Plan, on the terms and conditions set out in the Explanatory Statement.”

Summary of the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,536,191	48,000	-	4,433,463	-	-	6,500	85,024,154
94.72%	0.06%	0.00%	5.21%	0.00%	0.00%	0.01%	100.00%

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Resolution 9 Issue of Shares on Conversion of Convertible Note
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“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 upon the conversion of a Convertible Note on the terms and conditions set out in the Explanatory Statement.”

Summary of the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
32,817,648	2,000	-	4,393,413	40,050	47,764,543	6,500	85,024,154
38.60%	0.00%	0.00%	5.17%	0.05%	56.18%	0.01%	100.00%
Percentages for Proxies Entitled to Vote on Resolution
88.08%	0.01%	0.00%	11.79%	0.11%		0.02%	100.00%

Note: The ‘Excluded’ value represents shareholders who have lodged a valid proxy form, however are excluded from voting on this resolution based on information contained in the Notice of Meeting. That is, Mr Andrew Tsang (or his nominee), Ms Lai You (or her nominee) and any of their associates.

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Resolution 10 Issue of Options to Related Party Dr Stephen Ward
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“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) on the terms and conditions set out in the Explanatory Statement.”

Summary of the Proxy Votes Received:

For	Against	Abstain	Chair's Discretion	Open Unusable	Excluded	Invalid	Total
80,502,191	82,000	-	4,393,413	40,050	-	6,500	85,024,154
94.68%	0.10%	0.00%	5.17%	0.05%	0.00%	0.01%	100.00%

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