The 3rd annual Resources & Energy Investment Symposium (REIS) is on 19-22 May, once again held in the unique city of Broken Hill; Last year’s event exceeded the expectations of all that attended - including over 350 delegates, 12 keynote speakers and more than 30 resource companies presenting their investment opportunities.
A focus for this year’s symposium will be on the current economic climate including its challenges and opportunities, not only in the Australian resources industry, but Australia’s position in the international market.
2. Disclaimer
This presentation has been prepared by the management of Minotaur Exploration Limited (ASX: MEP) for the general benefit of analysts, brokers and investors and does
not constitute specific advice to any particular party or persons. Information herein is based on publicly available information, internally developed data and other
sources. Where an opinion, projection or forward looking statement is expressed in this presentation, it is based on the assumptions and limitations mentioned herein
and is an expression of present opinion only. No warranties or representations are made or implied as to origin, validity, accuracy, completeness, currency or reliability of
the information. MEP specifically disclaims and excludes all liability (to the extent permitted by law) for losses, claims, damages, demands, costs and expenses of whatever
nature arising in any way out of or in connection with the information, its accuracy, completeness or by reason of reliance by any person on any of it. Where MEP
expresses or implies an expectation or belief as to the success of future exploration and the economic viability of future project evaluations, such expectation or belief is
expressed in good faith and is believed to have a reasonable basis. However, such projected outcomes are subject to risks, uncertainties and other factors which could
cause actual results to differ materially from projected future results. Such risks include, but are not limited to, exploration success, metal price volatility, changes to
current mineral resource estimates or targets, changes to assumptions for capital and operating costs as well as political and operational risks and government regulatory
outcomes. MEP disclaims any obligation to advise any person if it becomes aware of any inaccuracy in or omission from any forecast or to update such forecast.
The term “Exploration Target” should not be misconstrued as an estimate of Mineral Resources and Reserves as defined in the JORC Code (2004), and the term has not
been used in that context. The term is conceptual in nature and it is uncertain if further exploration will result in the determination of a Mineral Resource. Refer Clause
18 of the JORC Code (2004).
Information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr A.
P. Belperio, who is a Director and full-time employee of the Company and a Fellow of the Australasian Institute of Mining and Metallurgy. Dr A.
P. Belperio has a minimum of 5 years experience, which is relevant to the style of mineralisation and type of deposit under consideration and to
the activity that 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”. Dr A. P. Belperio consents to inclusion in the presentation of matters based on his
information in the form and context in which it appears.
Competent Person’s Statement
4. DEM and Tenements
BORDER PROJECT
59.1 % SMMO:40.9% MEP
4 JV Tenements, 1 MEP
tenement
Explored for base metals
and Fe ore.
5. Solid Geology Interpretation RTP Total Magnetic Intensity
Exploration focus on base metals this year.
Drill ready targets identified at Catch Dam, Lawson’s, Alanson’s Dam, Mingary.
6. Superimposed magnetic and
gravity images and IP lines.
Untested coincident gravity –
booming IP target with
anomalous gossanous
subcrop.
BORDER JV ‘Catch Dam’ Copper - Gold Target
1VD Magnetics with 1 VD gravity overlay
Gravity and IP Inversions
7. BORDER PROJECT
Drilling plans have been frustrated by
approval and Native Title delays.
No certainty of when access will be
gained.
Considerable delay and expense to
MEP results in focus on QLD, for now.
8. Northparkes
Cloncurry, Qld, IOCG Projects
CLONCURRY JV- JOGMEC 51%:MEP 49%
14 tenements, 515 km2.
MEP 100%
24 tenements, 3357 km2: 13 granted, 11 applications.
Tenements immediately bordering Ernest Henry, Eloise, and Osborne
mines.
All tenements are under thin (<200m) but highly conductive cover.
Innovative geophysical techniques refined to “see through” ultra-
conductive cover.
Targeting:
• sulphide-rich systems – Eloise Style
• magnetite ± haematite IOCG systems – Ernest Henry
• Shear / structurally controlled systems ± magnetite – Selwyn trend,
Osborne/Kulthor
JOGMEC JV
Osborne Project
9. Cloncurry JV
Interpreted bedrock geology
North of Ernest Henry in the same
prospective terrain.
100 to 200 m of conductive cover.
Ernest Henry
E1
10. Cloncurry JV
North of Ernest Henry in the same
prospective terrain.
100 to 200 m of conductive cover.
Major deep crustal structures:
• Adjacent and beneath Cormorant Trend
• Along western margin
• Link structures / shears similar to Ernest
Henry at prospects like Cotswold.
Interpreted bedrock geology & gravity worms
Ernest Henry
E1
11. Cloncurry JOGMEC JV
Cotswold Prospect
100m of cover.
High amplitude magnetic anomalies,
gravity anomalies similar to Ernest
Henry. Major NE trending structural
zone.
MEP drilling in 2012 intersected
significant IOCG style alteration and
low-grade Cu over large downhole
width. MN12D29: 280m@0.11% Cu
Western gravity and magnetic
anomaly has not been drilled.
Adjacent previous hole intersected
IOCG alteration and low-grade Cu.
1VD Gravity image
1VD Magnetic image
TP002D 224.3m: magnetite +pyrite +amphibole
alteration Part of 1m @ 0.4% Cu. Hole intersected
14.5m@0.24% Cu; 30m@0.18% Cu.
TP002D 231.25m: Pyrite +amphibole alteration, Part of 1m @ 6,800ppm Cu, 0.1ppm Au
MN12D29 173.6m
12. Cloncurry, Qld, Osborne Project
Numerous magnetic, gravity
targets associated with major
structural intersections.
Work so far has identified
targets at Osprey, Brolga,
Wedgetail and Ibis.
Geological domains & major structuresRTP magnetics and targets
13. Cloncurry, Qld, Osborne Project
Osborne
Kulthor
3D Magnetic model, IP chargeability (Ivanhoe plan, MEP sections).
1 VD magnetics and IP anomaly locations
Osprey Target
• IP chargeability anomalies directly
along trend from Kulthor deposit
14. WE PLAN TO BE FLAT OUT!!
Drilling Osborne, Cloncurry JV targets
starting late this quarter
Major geophysical surveys Cloncurry JV,
Arthurville JV, followed by drilling
Actively seeking gold and copper
opportunities and JV partners
Acknowledgements:
JOGMEC
Sumitomo Metals Mining Oceania Pty Ltd
B. Charlton & MEP staff.