MDX 0.00% 0.3¢ mindax limited

rrr connection to mdx

  1. 7,761 Posts.
    Company Red Rock Resources plc
    TIDM RRR
    Headline Investment in Mindax Limited
    Released 07:30 04-Jan-08
    Number 0501L
    RED ROCK RESOURCES PLC
    Investment in Mindax Limited
    Dated: 4 January 2008
    Red Rock Resources plc (the ‘Company’) is pleased to announce an investment in Mindax Limited
    (‘Mindax’), a mineral exploration company listed on the Australian Stock Exchange (‘ASX’) under the
    trading symbol MDX. An announcement of this holding has also been made on the ASX. As at 31 December
    2007, the Company had purchased 4,375,000 ordinary shares in Mindax, at an aggregate cost of AUD
    589,267.53, a cost met from the Company’s existing cash reserves. Under the rules of the ASX, holdings in
    excess of 5% are disclosable, and this holding represents an interest of 5.18% in Mindax’s issued ordinary
    share capital.
    The Company holds the Mt Alfred tenement in the Eastern Goldfields of Western Australia, where iron
    mineralization is present and a sampling programme was carried out in late 2007, the results of which are
    awaited. Mindax holds adjacent tenements to the north and north-west, and to the south, and in recent
    exploration has encountered iron ore mineralization on strike from, and on the boundary of, the Mt Alfred
    tenement.
    The Company considers it likely that any development of iron ore production in the area will require the cooperation
    of the two companies, and that Mindax represents an attractive investment opportunity. Further
    information on Mindax may be obtained from the ASX at
    http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?
    searchBy=asxCode&allinfo=on&asxCode=MDX&companyName=&principalActivity=&industryGroup=NO
    or from the Mindax website at http://www.mindax.com.au


    This is RRR's Mt. Alfred tenement which they have been doing recent tests on...



    Cheers,
    T

 
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