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MINDAX LIMITED Capital/Financing Update 2013

Jan 23, 2013

65308_rns_2013-01-23_1cf89b51-45e6-437c-9328-4eebab502312.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

24 January 2013

PRELIMINARY DISCUSSIONS WITH POTENTIAL PARTNER FOR MT FORREST

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.

Key Projects

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

Mindax Limited ( Mindax ) advises that it is currently holding confidential discussions with a potential strategic partner to fast track the feasibility and development of the direct shipping ore component of Mindax’s Mt Forrest Iron Project.

Such discussions are well progressed and it is anticipated they will be finalised in the near future. A further announcement will be issued upon finalisation of discussions.

End of Announcement

For further information contact: Steve Ward, Managing Director & CEO Mindax Limited Telephone: +61 8 9485 2600

Media: David Utting David Utting Corporate Telephone: +61 416 187 462

Address

Level 2, 25 Richardson Street West Perth WA 6005 Telephone: +61 8 9485 2600 Facsimile: +61 8 9485 2500 Email: [email protected]

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