1. 247 Greenhill Road, Dulwich 5065, South Australia
A.C.N. 108 483 601
Tel: +61 8 8366 6000 Fax: +61 8 8366 6001
Website: www.minotaurexploration.com.au
Email: admin@minotaurexploration.com.au
ASX Code: MEP
23 November 2011
The Company Announcements Office
Australian Securities Exchange Limited
Presentation on Cloncurry IOCG Exploration
Minotaur Exploration Limited is close to completing its 2011 joint venture field work on its iron
oxide copper-gold (IOCG) prospects in the Cloncurry district of North Queensland. Diamond
drilling is testing several geophysical anomalies in Proterozoic rocks generally beneath 150m
of Mesozoic cover on the black soil plains north of the Ernest Henry mine. The following
2
graphic shows the distribution of Minotaur’s 3,500km tenement position around Cloncurry.
Figure: MEP tenure (yellow blocks) in the Cloncurry district, Queensland
MEP ASX Release 23 November 2011
1

2. Today the Company’s Chief Geologist, Mr Richard Flint, will deliver a paper to the Mining the
Isa 2011 Conference at Mt Isa. His presentation, titled Exploration Update for the
Cloncurry area (attached), provides comprehensive technical information concerning the
suite of IOCG targets, the focus of the current field programme in joint venture with the Japan
Oil, Gas and Metals National Corporation (JOGMEC), where the 2011 exploration budget
was recently expanded to $2.37 million.
Andrew Woskett
Managing Director
Information in the attached presentation that relates to Exploration Results and Mineral Resources is based on
information compiled by Dr A.P. Belperio who is a Fellow of the Australasian Institute of Mining and Metallurgy. Dr
Belperio is a full-time employee of Minotaur Exploration Ltd and has sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and to the activity which he (or she) 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 Belperio consents to inclusion in the report of the matters based
on their information in the form and context in which it appears”.
MEP ASX Release 23 November 2011
2

3. Exploration Update for the Cloncurry area
R. B. Flint
Chief Geologist
Mining the Isa 2011 Conference
23 November 2011

4. Minotaur: the company
Minotaur is an Active Explorer Where the focus is on:
In South Australia IOCG Cu-Au
In Queensland Base Metals Cu, Pb, Zn
In New South Wales VMS-style Cu, Pb, Zn
In Northern Territory Magnetite
In Victoria Kaolin
Gold

5. Minotaur: the company
Leverage exploration through Joint Venture funding:
JOGMEC, Mitsubishi Corporation, Mitsubishi Materials Corporation,
Sumitomo Metal Mining Oceania
Leverage Exploration via equity in associates or partners:

6. Cloncurry: Cu-Au
Red areas =
Minotaur tenements
(granted & applications)
Significant tenement holding (~3,000 km2) within proven mineralised province
JV with JOGMEC for 14 tenements north of Cloncurry
Minotaur 100% for 20 other tenements, especially near Osborne and Eloise

7. Cloncurry JOGMEC JV
Cormorant 2011 drillhole
2011 target
Gypsy Plains
Cotswold
Magnetic image
Regional gravity and magnetic surveys, localised ground EM surveys
4 diamond holes (late 2010 to mid 2011) and another 7 holes in current program (late 2011)

8. Gypsy Plains Prospect
Gypsy Plains MNDDH16 Magnetic image
Cormorant
201.0m
Gypsy Plains
MNDDH16
239.55m
Multiple zones of massive sulphides, predominantly pyrrhotite, lesser pyrite & chalcopyrite
Copper: 12m @ 0.33% Cu (346 358m)
Zinc: 4m @ 2.15% Zn (200 204m)

9. Cormorant Prospect
Cormorant MNDDH14 Magnetic image
Cormorant
MNDDH14
303.5m
Gypsy Plains
306.8m
Multiple zones of massive sulphides (pyrrhotite +/- chalcopyrite vein/breccia)
Copper: 11m @ 0.7% Cu (298 309m)
Includes 1m @ 1.08% Cu (298 299m) and 1m @ 1.72% Cu (304 305m)

10. Cormorant Prospect
Cormorant MNDDH18 Magnetic image
Cormorant
MNDDH18
301.7m
Gypsy Plains
325.2m
Multiple zones of massive sulphides (pyrrhotite +/- chalcopyrite vein/breccia)
Copper: 2m @ 1% Cu (322 324m)

11. Cormorant Prospect
Cormorant MNDDH15 Magnetic image
West East
Cormorant
MN11 MNDDH15 MN10 MNDDH15
Cover
sediments
Gypsy Plains
Chalcopyrite
296.08m
3 out of 4 holes intersected massive sulphides
To be re-drill tested early next year

12. Cormorant mineralised trend
Magnetic image
MN011
MNDDH014
MNDDH016
MNDDH018
Multiple massive sulphide bodies (in purple) defined by drilling and geophysical surveys

13. Cormorant mineralised trend
Magnetic image
MN011
Cormorant
MNDDH014
Gypsy Plains
MNDDH016
MNDDH018
Interpreted distribution of massive sulphide bodies (in black) , mineralised zone 10km long
Challenge now is to find portion that is enriched in copper!

14. Cloncurry JOGMEC JV
Magnetic image
Cormorant
2011 drillhole
2011 target
Gypsy Plains
Cotswold
Cotswold: old mining lease (held for 30 years), acquired by Minotaur in 2010, scope to apply modern geophysics
Cotswold has similar amplitude magnetic anomaly to that at Ernest Henry (20km to the southeast)!

15. Cloncurry: Camel Well tenement
Magnetic image
60m @ 0.3% Cu (from surface)
11m @ 1% Cu (from surface)
Tenement 100km north of Cloncurry, EPM granted February 2011
Includes historical drillholes 60m @ 0.3% Cu (HS001) and 11m @ 1% Cu (DD95PH01) (both from surface)

16. Cloncurry: Regional Cu-Au exploration
Red areas =
Minotaur tenements
(granted & applications)
Awaiting grant of ~20 tenements in the Osborne and Eloise areas
2012 shaping up to be a very busy year exploring for that next big IOCG discovery!