Mindax’s 19 Mt DSO and 1.43 Billion  tonne magnetite  Mt Forrest Iron Project is moving toward the mining phase. This is the biggest JORC compliant resource in the Province.

DSO mining is planned for 2013 and magnetite by 2015.

The company is carefully selecting a JV partner and putting in place necessary approvals and aligning infrastructure providers including rail and port.

Mindax is also the greenfields discoverer of a new  uranium province soon to become JORC compliant near Mukinbudin, WA.

 Mindax has successfully built a significant portfolio of minerals projects in Western Australia's Yilgarn Craton of about 40 tenements covering about 4600 sq km.

24/01/2012 - Mindax Quarterly Report December 2011

21/01/2012 - Expanding Port Capacity

20/01/2012 - $300m Esperance Port Pledge big Yilgarn Win

7/12/2011 - Investor Presentation

2/12/2011 - Positive Metallurgical Testwork and Increase in Regolith Iron Resource Base Bolster Early Mining Case

1/12/2011 - Iron Exploration Update

22/11/2011 - Mt Forrest Iron Magnetite Resource Further Defined

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NEWS FLASH - Yilgarn Iron Producers  Association (YIPA Inc) Works to Boost Export Infrastructure

With Mindax MD Greg Bromley at  YIPA's helm as chairman, the Association is the peak industry body representing the interests of iron companies in the central Yilgarn Iron Province (YIP).

In the YIP, all billion tonne plus iron projects are represented on YIPA and most smaller companies are members.

The Association works closely with other industry bodies and  is very active with infrastrucure providers and government - working hard to improve export  pathways.

Mindax now has leasehold on an infrastructure corridor from its billion tonne Mt Forrest Iron Project to the railhead at Menzies (see map).

NEWS FLASH - DSO mining operation slated for 2013 and magnetite mining by 2015

Now at 1.43 Billion Tonnes Mindax has biggest JORC compliant magnetite resource in Yilgarn Iron Province and 19 Mt of DSO  @ 42.3%. 

Mindax's DSO operation has the potential to generate ~$1.4 billion over 10 years with cash operating costs at $44.50/tonne and a capex at approximately $100 million.

Mt Forrest is shaping up to contain significant  DSO material and the JORC for magnetite material now stands  at 1.43 billion tonnes @ 31.5% Fe in the indicated and inferred categories. Ore characteristics are soft and require only 40 micron grind.

Leases for transport corridors to the Menzies railhead are in place and negotiations with rail, port and other infrastructure partners are well advanced.
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NEWS FLASH  -  Greenfields Success: Mindax Delivers Maiden Uranium JORC

Mindax has delivered a maiden JORC Inferred Resource of 3.2 million pounds at 0.02% uranium at the Mukinbudin Project in Western Australia, boosting the prospectivity of other projects in the Wheatbelt region.

The CET is 10-25Mbls U₃O₈ at a grade of 0.05 - 0.15% U₃O.

Mukinbudin is a greenfield discovery in a province where Mindax and partner Quasar Resources have a dominant 75% land holding, covering 275 kilometres of prospective channel, through the Yilgarn Avon Joint Venture.

This deposit is well suited for the (ISR) insitu recovery process used by Heathgate Resources Pty Ltd at the Beverley uranium mine in South Australia.