OZ Minerals farms-in to $10M JV at Peake and Denison
Andromeda and Minotaur to combine – Joint Statement
Quarterly Report for period ending 30 September 2021
Great White JV Technology Advances
Coherent EM conductor identified at Breena Plains, Queensland
Minotaur Exploration Limited (‘Minotaur’) is a public company listed on the Australian Securities Exchange (ASX) under the market code MEP.
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Minotaur and JV partner Andromeda Metals (ASX: ADN) are advancing the Great White Kaolin Project towards commercialisation. Multiple high-grade, superior whiteness kaolin and hybrid kaolin-halloysite deposits are held by the JV. Expectations are that mine production will begin in 2022.
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The Windsor tenements are located 60km south of Charters Towers in mid north Queensland. Covering 629km² the 7 tenements offer discovery potential for multi-element deposits with similar geochemistry to nearby high-grade VMS style mines, such as Thalanga, Highway-Reward, Waterloo and Liontown.
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750km NNW of Adelaide on the NE margin of the Gawler Craton lies the Peake and Denison Inlier, a Paleoproterozoic basement terrane covered by younger sediments. The project area covering 2,547km2 comprises four granted exploration licences owned 100% by Minotaur.
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The Eloise tenements are subject to a farm-in joint venture with OZ Minerals Ltd (ASX: OZL). OZ Minerals is sole funding work programs and Minotaur is manager and operator. OZ Minerals earned 70% interest in the tenements by March 2019.
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In February 2020 Minotaur arranged a new farm-in joint venture with OZ Minerals (ASX: OZL) to explore Sandfire Resources’ (ASX: SFR) ‘Breena Plains’ tenement group near Cloncurry in north-west Queensland. The JV initialises operations under the Cloncurry Alliance between Minotaur and OZ Minerals and secures prospecting rights across 1226km² of tenure – contiguous with existing... Read more
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The Jericho EM conductor lies 3-5km south of the Eloise copper-gold mine (itself located 65km south-east of Cloncurry, Queensland), is hosted in the same shear zone, but had never been drill tested (it is largely invisible in all other datasets). Eloise mine, owned by FMR Investments Pty Ltd, has been operating for more than 20 years, mining from as...
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