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MINDAX LIMITED — Capital/Financing Update 2013
Jun 10, 2013
65308_rns_2013-06-10_6bd34ebc-2857-4fc0-9c45-24f6ad69af2e.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
11 June 2013
MT FORREST IRON PROJECT: PMHL AGREE TO PROCEED WITH FINAL JOINT VENTURE NEGOTIATIONS
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 at the end of 2014.
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 37 mineral exploration and mining tenements covering over 4,000 square kilometres. In addition, Mindax has applications 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.
Mindax Limited ( Mindax ) refers to its announcement of 15 May 2013 in relation to Perpetual Mining Holding Limited ( PMHL ) issuing a preliminary notice of their intention to proceed with the joint venture proposed for the Mt Forrest Iron Project ( the Transaction ).
PMHL’s preliminary notice was subject to formal PMHL Board approval within four weeks to proceed with the Transaction.
Mindax is pleased to advise that PMHL’s Board has now formally issued its approval to proceed with the Transaction.
The Transaction remains subject to negotiation and execution of a binding formal joint venture agreement as well as any statutory approvals required to proceed with the strategic partnership.
Key Projects
| Key Projects | |
|---|---|
| Mt Forrest | Iron |
| Yilgarn-Avon JV | Sedimentary Uranium |
| Mortlock JV | Copper-Gold |
| Meekatharra JV | Gold |
Address Level 2, 25 Richardson Street West Perth WA 6005 Telephone: +61 8 9485 2600 Facsimile: +61 8 9485 2500 Email: [email protected]
Joint Venture Agreement negotiations will now commence based upon the Memorandum of Understanding previously agreed between PMHL and Mindax.
End of Announcement
Investor Enquiries
Steve Ward Managing Director and Chief Executive Officer Telephone: +61 8 9485 2600 Email: [email protected]
Media Enquiries David Utting Mobile: +61 416 187 462 Email: [email protected]
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MINDAX LIMITED | www.mindax.com.au