Mindax Vision for its Key Commodities.
Mindax was listed on the ASX in late 2004.
Through technically advanced exploration and with an eye for detail, the Company has successfully built a significant portfolio of minerals projects in Western Australia’s Yilgarn Craton.
Mindax has a strong land position of about 758 km2, comprised of about 15 tenements and miscellaneous licences.
The Company has an impressive portfolio of projects across the key commodities of iron ore, gold and uranium.
The Company will and has outsourced appropriate Technical expert consultants for its future Technical Work.
Following a very successful exploration phase, the company is keen to advance the projects along development pathways, ultimately with the aim of becoming a producer of the key commodities and in doing so create shareholder value.
Mindax continues to seek strategic relationships as part of developing its projects. It now has connectivity with Lion AsiaPac (Malaysian steel maker), Quasar (operator of the Beverley uranium mine in South Australia) and strategic investors Messrs Zhuang ( Meekatharra Gold project). In October, 2013 Mindax signed a JV agreement with Hong Kong-based Perpetual Mining Holding Limited for the Mt Forrest Iron Project. Unfortunately in December 2014 the JV agreement was terminated as a consequence of weaker Chinese economic conditions and the severe drop in iron ore pricing. PMHL are willing and continue to support the Company and to develop the Iron Project. Given the current iron ore price, funding alternatives are proving to be very challenging.