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Mintails owns the rights to process and extract gold, uranium and sulphuric acid from extensive tailings resources located on the West and East Rand regions of South Africa's historic Witwatersrand Basin.  Mintails controls these rights in respect of over 330 million tonnes of slimes, sands and rock tailings materials, mainly located on South Africa's historic West Rand and from its 50% joint venture share in over 1.5 billion tonnes of slime tailing materials located on the East Rand.

HIGHLIGHTS

Mintails Limited (ASX Code : MLI) is a company incorporated in Australia and listed on the Australian Securities Exchange.  Mintails owns substantial gold, uranium and sulphur bearing tailings materials located in South Africa's historic Witwatersrand Basin.

Through its extensive ownership of tailings resources, plant, infrastructure and mining equipment Mintails is in the process of becoming a significant producer of gold and potentially uranium and sulphuric acid with tailings processing facilities on both the West and East Rand. 

Mogale Projects

(100% MLI / BEE)

• Located on the West Rand the Mogale Projects currently host JORC classified resources of 322 million tonnes of surface tailings, containing 3.19m oz's of gold, 25.65m lbs of uranium and as yet unclassified amounts of sulphur (refer resources table link)
• Mintails owns and operates the Mogale Gold Plant.  This plant currently processes sand tailings which requires milling as a preliminary processing step.  Mintails has also partially completed (65% complete) a larger gold and uranium tailings treatment facility adjacent to the Mogale Gold Plant (formerly termed the WERGO Plant) which is planned to be converted to process and recover gold from slimes tailings during the 2009 calendar year.
• Mintails has acquired a number of farms in the Witfontein area and is in the process of completing the necessary technical submissions to the Department of Minerals and Energy ("DME") in South Africa for the permitting of a major deposition site (the Witfontein Regional Tailings Facility).  The Company recently secured an agreement with DRDGold Limited to take a 50% interest in Witfontein.  The Company views Witfontein as an important initiative which not only will guarantee long term tailing deposition capacity for the Company's extensive tailing resources but may provide a catalyst for consolidation of operations within the region.

ERGO Mining JV 

(50% MLI / 50% DRDGold)

• Located on the East Rand the ERGO Mining Joint Venture ("ERGO JV") is equally controlled by Mintails and DRDGold Limited.  The ERGO JV comprises approximately 1.5 billion tonnes of as yet unclassified tailings materials which contain gold, uranium and sulphur.  Fully funded feasibility studies are underway to determine the economic merits of processing the tailings materials and recommendations and cost estimates are expected by the end of 2009.

Mining Plant and Equipment

• Mintails owns significant plant, infrastructure, trucks, bulldozers and earthmoving equipment.  Much of this fleet and equipment has been deployed in the construction stages of the plant at Mogale and construction deposition facilities on the West and East Rand.  These applications of the fleet asset have now been materially completed.  The fleet has been identified as a non core asset and the company will seek avenues to realise this asset.

West Wits Mining Limited

West Wits Mining Limited (ASX Code : WWI) is a company listed on the Australian Securities Exchange.  Mintails is a substantial shareholder in WWI which is actively exploring sub-surface resources on the West Rand and has established initial JORC classified resources.