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Andrew Woskett Presentation to 2012 Broken Hill Symposium
- 1. Clarity of Purpose Broken Hill Symposium, 21 May 2012 Andrew Woskett Managing Director
- 2. MEP Facts Metrics as @ 30 April 2012 Market Capitalisation @ 19.5c $20 million - Cash in Bank $4.5 million - Value of Investments in ASX listed explorers $5 million = Enterprise Value of Projects and tenements $10.5 million Issued Capital 103.6 million fpo 1 Year Price Range $0.12 - $0.26 Last Price (18 May 2012) $0.17
- 3. MEP relative performance All Ords All Ords MEP MEP 2011 2012
- 5. Minotaur’s corporate platform Forecast Cash§ as @ 30 June 2012 $13 million sales programme of non-core assets is underway anticipate cash level will be reflected in share price creates an ability to do deals and take advantage of softening market conditions for junior companies further leverage asset values through more trade sales over next 12 months and strengthen Balance Sheet § subject to Completion of sale of tenements to BHPB (refer ASX release dated 23 April 2012)
- 6. 2012 Directions WE WILL INCREASE OUR FOCUS ON: Cloncurry IOCG prospects; Drill testing now starting Actively generating new geophysical targets New JV farm-in agreements will be sought Continue to aggregate the Cloncurry footprint other IOCG opportunities - being reviewed Gold project development opportunities, where supported by JORC resources and prospectivity new Base metal Joint Venture farm-in agreements
- 7. 2012 Directions WE WILL CONTINUE TO REALISE VALUE THROUGH ASSET LEVERAGE: Build value in our suite of industrial minerals assets through resource upgrades and end-product definition Divestment of industrial minerals assets when an attractive RoI can be achieved (eg: Kaolin, Gypsum, Halloysite) Encourage consolidation of Braemar Iron Formation magnetite projects in the Mutooroo area, or sale of the Muster Dam JORC resource to a downstream consumer or major project investor, after finalisation of Scoping Study
- 8. Cloncurry, Qld, IOCG Projects JOGMEC JV 500km2 tenement package JOGMEC spending $4M to earn 51% Priority geophysical drill targets such as: COTSWOLD Located on old Mining Lease held for 30 years Has similar amplitude magnetic anomaly as Ernest Henry 20km to south-east Target is ready to drill Landowner access impediments being sorted MEP 100% 3,000km2 of tenure around Osborne & Eloise Drillready geophysical targets such as CAMEL WELL & ORINDI PARK associated with strong historical Cu-Au intersections Diamond drilling to commence this Quarter
- 9. Cloncurry, Qld, IOCG Projects OSBORNE COPPER CENTRE Ivanhoe’s Copper Concentrator is now operating IVA’s mine camp ‘Kulthor’ mineralised structures appear to extend south into Minotaur’s tenement Kulthor represents a priority EM target to gauge its potential strike into Minotaur’s adjacent ground
- 10. 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. Competent Person’s Statement Information in the foregoing 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.