uranium

9/57 Labouchere Road
SOUTH PERTH 6151
Western Australia
Telephone 08 9474 3266
Facsimile 08 9474 3299
ABN 28 106 866 442
Statement to ASX Limited
4 April 2008
Mindax Limited was listed on the Australian
Securities Exchange
Code: MDX
in December 2004
Mindax is a West Australian based gold,
copper, iron and uranium explorer
A full description of the Company’s activities
is available at our website
www.mindax.com.au
Inquiries about this statement or about the
Company’s business should be directed to
Greg Bromley
Managing Director
Investor inquiries can be directed to:
[email protected]
EXPLORATION UPDATE
Yilgarn-Avon Joint Venture (Mindax Ltd 50% - and
operator)
Discovery of Uranium Mineralisation at Elachbutting Hill
Aircore drilling underway in the Mukinbudin area has returned
very encouraging results early in the program.
The Mukinbudin program is a scout drilling campaign of widely
spaced holes to basement aimed particularly at determining the
general geological and geochemical morphology of the upper part
of the Yilgarn palaeochannel and to test the hypothesis that
sedimentary uranium mineralisation may occur in this newly
identified geological environment. There has been no previous
drilling in the area.
Anomalous uranium values have been returned from a 4m interval
of gravels between 56 and 60 metres in drillhole YAA0056 to the
west of Elachbutting Hill. The interval averages 66 ppm U and
includes 1m of 93.7 ppm U. Background uranium values in the
drilling to date is 5 ppm. The gravels appear oxidised and lie
towards the base of the channel beneath a thick layer of reduced
clays. Geophysical gamma logging results are expected to be
available within the next few weeks.
This early and strongly positive result provides important
support for the exploration concept.
Work in the area is on-going and the scout drilling campaign will
continue. Geophysical logging of drillholes is being carried out and
surface geophysics is planned to provide better definition of the
palaeochannel cross-sectional profile.
9/57 Labouchere Road
SOUTH PERTH 6151
Western Australia
Telephone 08 9474 3266
Facsimile 08 9474 3299
ABN 28 106 866 442
Page 2
Yours sincerely
Gregory J Bromley
Managing Director
The information in this report that relates to Exploration Results and Mineral Resources is based on
information compiled by Mr Gregory John Bromley who is a member of the Australasian Institute of Mining and
Metallurgy, with more than 5 years experience in the field of activity being reported on.
Mr Bromley is a full-time employee of the Company and has sufficient experience which is relevant to the style of
mineralisation and type of deposit and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves”. Mr Bromley consents to the inclusion in the report of the matters based on his information in
the form and context in which it appears.