MINDAX LIMITED — Capital/Financing Update 2014

Sep 25, 2014

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ASX ANNOUNCEMENT

25 September 2014

ASX Code: MDX

EXTENSION OF TIME TO SATISFY CONDITIONS PRECEDENT SHAREHOLDERS AND DEVELOPMENT AGREEMENT

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 20 mineral exploration and mining tenements covering over 1,280 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.

Key Projects

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

Mindax Limited ( the Company ) refers to its announcements of 29 January 2014, 6 May 2014, 29 May and 21 July 2014 and is pleased to further announce that the Company and Perpetual Mining Holding Limited ( PMHL ) have agreed to extend the date by which the conditions precedent, in the Shareholders and Development Agreement ( SDA ), must be satisfied to 30 November 2014.

A meeting of shareholders has tentatively been scheduled for 31 October 2014 at which meeting Shareholders will be able to consider, and vote on, the proposed transaction with PMHL. This event is expected to be the final condition to be satisfied which, when passed, will allow the Company to proceed with implementation of the SDA.

Full details of the meeting are expected to be despatched to Shareholders early next week.

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

End of Announcement

Investor Enquiries

Benjamin Chow Chairman Telephone: +61 8 9485 2600 Email: info@mindax.com.au

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MINDAX LIMITED | www.mindax.com.au