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MINDAX LIMITED — Capital/Financing Update 2014
Jan 28, 2014
65308_rns_2014-01-28_ac8df30c-d754-4129-98c8-74b7bd857561.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
29 January 2014
EXTENSION TO SHAREHOLDERS & DEVELOPMENT AGREEMENT
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.
Mindax Limited ( the Company ) refers to its announcement of 15 October 2013 and subsequent announcements on 2 December 2013 and 24 December 2013 and is pleased to advise that the Company and Perpetual Mining Holding Limited ( PMHL ) have agreed to extend the approvals period for satisfaction of conditions precedent in the Shareholders and Development Agreement ( SDA ) between the parties from 31 January 2014 to 31 May 2014.
Discussions regarding the final format of the SDA are continuing.
In parallel, the parties are making good progress where possible on completing the SDA’s conditions precedent.
End of Announcement
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: [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