Minotaur’s sole asset is its 25% interest in the Great White Kaolin Project in South AustraliaDetails
Welcome To Minotaur Exploration
Minotaur Exploration has completed a strategic shift in its ownership and business outlook
Andromeda now has full legal control of Minotaur and its 25% share of the Great White Kaolin Joint Venture and Minotaur’s 50% share of technology joint venture Natural Nanotech Pty Ltd.
Rationalisation of kaolin based assets under one entity is logical and likely to lead to a more expeditious and streamlined development project. Andromeda has advanced the Great White kaolin-halloysite project substantially over the past year, bringing it close to the time when certainty of project financing becomes critical to allow a decision to mine to be made. Andromeda’s balance sheet and large shareholder cohort places it well to seek debt and equity funding for the project’s approaching capital expenditure demands.
Andromeda’s Offer closed on 25 February 2022 and Andromeda is proceeding to compulsorily acquire the outstanding minority interests, following which Andromeda will apply to ASX for Minotaur Exploration to be removed from the official list.