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MINDAX LIMITED — Interim / Quarterly Report 2016
Jan 28, 2016
65308_rns_2016-01-28_49499647-375f-4467-bd25-f697e5556898.pdf
Interim / Quarterly Report
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ASX ANNOUNCEMENT
29 January 2016
ACTIVITIES FOR QUARTER ENDING 31 DECEMBER 2015
ASX Code: MDX
ABN: 28 106 866 442
Corporate Description
Mindax's Mt Forrest Iron Project is currently evaluating options for development.
Updates on:
- Mt Forrest Iron Project
Key Projects
- Tenure and Tenements
Mt Forrest Iron
- Corporate
Principal Address and Registered Office Ground Floor, 20 Kings Park Road West Perth WA 6005 Telephone: +61 8 9389 2111 Facsimile: +61 8 9389 2199 Email: [email protected]
Investor Enquiries Benjamin Chow Chairman Telephone: +61 8 9389 2111 Email: [email protected]
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MINDAX LIMITED | www.mindax.com.au
ASX Announcement Activities for Quarter Ending 31 December 2015
MT FORREST PROJECT
Overview
The Company is continuing to review funding and development options for the Mt Forrest Iron Project. All tenements are currently in good standing and the Company is current awaiting the outcome of a five year expenditure exemption application that has been previously lodged with the Mines Department.
No definitive funding alternatives have been identified during the quarter ending 31 December 2015. No geological or other activity has been undertaken for the quarter.
TENURE
A total of 7 tenements covering 54 km2 were held as at 31 December 2015. A list of the tenements and their locations are set out at Annexure “A”.
TENEMENTS
Tenement Applications:
Nil.
Tenements Granted:
Nil.
Tenements Surrendered:
Nil.
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MINDAX LIMITED | www.mindax.com.au
ASX Announcement Activities for Quarter Ending 31 December 2015
CORPORATE
Capital Structure
The current issued capital of the Company is as follows:
| Number Quoted | Class |
|---|---|
| 486,793,570 | Fully paid ordinary shares. |
| Number Not Quoted |
Class |
| 12,500,000 | Free attaching options, with an exercise price of $0.12 per option, expiring 31 July 2016. |
As approved at the Annual General Meeting of the Company held on 10 December 2015, 160,000,000 ordinary shares were issued upon conversion of borrowings and convertible notes totalling $800,000. A further 20,990,000 ordinary shares were issued as consideration for commissions payable on capital raisings totalling $104,950.
In addition, the Company issued 20,000,000 ordinary shares at $0.005 per share to successfully raise $100,000 during the quarter ending 31 December 2015.
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MINDAX LIMITED | www.mindax.com.au
ASX Announcement Activities for Quarter Ending 31 December 2015
Annexure “A”
Tenements held by the Company at the end of the quarter
| Tenement | Project |
Locality | Status | Interest % |
|---|---|---|---|---|
| M29/257 | Bulga Downs | Mount Forrest - Bulga Downs | Granted | 100 |
| M29/258 | Bulga Downs | Mount Forrest - Bulga Downs | Granted | 100 |
| M29/314 | Bulga Downs | Mount Forrest | Granted | 100 |
| M29/348 | Bulga Downs | Toucan - Bulga Downs | Granted | 100 |
| M29/349 | Bulga Downs | Macaw North - Bulga Downs | Granted | 100 |
| M29/350 | Bulga Downs | Macaw - Bulga Downs | Granted | 100 |
| M29/351 | Bulga Downs | Bulga Downs | Granted | 100 |
End of Announcement
For further information contact: Benjamin Chow Chairman Mindax Limited Telephone: +61 8 9389 2111
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MINDAX LIMITED | www.mindax.com.au