2. Business Model MINOTAUR
EXPLORATION
A mul t i -opt i one d a pproa c h t o bui l di ng v a l ue :
Active and Diverse exploration effort in iron-oxide-copper-gold (IOCG, or
Prominent Hill style), gold, base metals, & iron mineralised systems
Strategic ASX Investments broaden exposure to exploration success
steadily moving advanced Kaolin project towards commercialisation
actively seeking new brownfields acquisition opportunities in metals
www.minotaurexploration.com.au
3. About Minotaur MINOTAUR
EXPLORATION
ASX: MEP
Equity:
80.5M shares on issue
Top 5 hold 27.4%:
Oz Minerals (9.98%); Newmont (6.61%)
52 week range:
16.5c - 33c
Last Price (31 Aug):
$0.31
Market Capitalisation:
$25M
Cash (30 July):
$4.0M
Listed Investments:
$ 6.9M
Enterprise Value:
$14.1M
Exploration Assets/share:
$0.175
(as @ 31 August 2010)
www.minotaurexploration.com.au
4. Strategic Investments MINOTAUR
EXPLORATION
L e ve r a gi ng gr o und e x p o s ur e a nd t e c hni c a l s k i l l s vi a e q ui t y i n:
Mithril Resources
(MTH)
nickel and copper explorer
(16.6%)
Petratherm
(PTR)
geothermal energy developer
(18.35%)
PlatSearch NL
(PTS)
base metals explorer
(4.5%)
Thomson Resources
(TMO)
applying frontier geology to Thomson Fold
Belt (NSW), expect ASX listing in October
(Minotaur equity 13%)
www.minotaurexploration.com.au
5. Exploration MINOTAUR
EXPLORATION
Minotaur is active in:
Nova Scotia, Canada
Queensland
New South Wales
South Australia
www.minotaurexploration.com.au
6. Project Pipeline MINOTAUR
EXPLORATION
PROJECT Location Type Sept Oct Nov Dec
Cobequid Nova Scotia IOCG Geophysics Geophysics Drilling Lab Assays
Target
Bass River Nova Scotia Magnetite Geophysics Drilling Lab Assays
generation
Cloncurry Qld IOCG Geophysics Drilling Drilling Lab Assays
Aphrodite SA IOCG Drilling Lab Assays Lab Assays Report
Border SA Base metals Geophysics Geophysics Drilling Drilling
Mutooroo SA Magnetite Geophysics Drilling Drilling Lab Assays
Product Off Take
Poochera SA Kaolin Marketing Marketing
Specifications discussions
Start CSIRO Regional Regional CSIRO ISL
Tunkillia SA Gold
ISL Study Biogeochem Biogeochem Study ends
Louth NSW Base Metals Drilling Lab Assays Interpretation Report
www.minotaurexploration.com.au
7. Exploration focus - Canada MINOTAUR
EXPLORATION
Significant ground position in Nova Scotia, offering multi-metal
opportunities:
Cobequid:
IOCG; geophysics underway on multiple IOCG anomalies,
drill in November
Bass River:
Magnetite; proven iron ore province, geophysics underway
along 20km magnetic horizon, drill in November
www.minotaurexploration.com.au
8. Exploration - Nova Scotia
Significant Regional IOCG and iron play MINOTAUR
EXPLORATION
Tenure along 200km of the fault zone
www.minotaurexploration.com.au
9. Exploration - Nova Scotia
Mineralisation types MINOTAUR
EXPLORATION
www.minotaurexploration.com.au
10. Exploration - Nova Scotia
IOCG anomalies, examples MINOTAUR
EXPLORATION
NS13West (Haematite) NS13East (Magnetite)
1VD
Gravity 1VD
Magne*cs
NS13West is a gravity NS13East shows
only anomaly coincident gravity and
(Haematite target) magnetic anomalies
(Magnetite target)
www.minotaurexploration.com.au
11. Exploration - Nova Scotia
Bass River Magnetite MINOTAUR
EXPLORATION
Magnetite deposit is:
15km from trans
Canada railway &
highway
50km from Port of
Parrsboro
150km from major
Port of Halifax
in a recognised iron
ore province
www.minotaurexploration.com.au
12. Exploration - Nova Scotia
Bass River Magnetite MINOTAUR
EXPLORATION
Magnetite breccia
mineralisation shows
magnetic high intensity
sporadically along
20km of strike.
High resolution ground
magnetic survey now
underway to guide drill
investigation
Lodestone (1988)
produced 1,000t of
magnetite Con at grade
of 83% Fe3O4 from
2,000t of ore
www.minotaurexploration.com.au
13. Exploration - Nova Scotia
Bass River Magnetite, Geology MINOTAUR
EXPLORATION
Geology of the Bass
River area showing the
location of magnetite
breccia outcrops
between Bass River and
Economy River relative
to the Cobequid-
Chedabucto Fault Zone
(CCFZ) and the alkaline
Pleasant Hills Pluton of
Carboniferous age.
www.minotaurexploration.com.au
14. Exploration - Nova Scotia
Magnetite sampling MINOTAUR
EXPLORATION
The Bass River Magnetite deposit was bulk
sampled as a source of high quality magnetite in
1988. The presence of Co-rich pyrite was
recognised. The deposit averages a few hundred
ppm Co while the pyrite concentrate averages 0.9%
Cobalt.
The magnetite mineralisation has an obvious
structural control and is localised essentially along
the trace of the Cobequid Fault, a major suture of
the Cobequid-Chedabucto Fault Zone.
Fragments of Carboniferous age Pleasant Hills
Pluton are present in the brecciated magnetite
mineralisation. In addition, veinlets of pinkish
granite and/or K-feldspar are also present,
suggesting the granite and magnetite formed
contemporaneously.
www.minotaurexploration.com.au
15. Exploration focus - Australia MINOTAUR
EXPLORATION
Project diversity, well funded, spending $7 million through 2010:
Cloncurry
(Qld):
geophysics underway on multiple IOCG targets
Aphrodite
(SA):
Major IOCG target 35km SE of Olympic Dam.
Ready to drill in September. Shows very distinct
similarities to the nearby ‘Carrapateena’ gravity
anomaly
Border
(SA):
base metals, AEM & EM underway, drill in November
Mutooroo
(SA):
Braemar sedimentary hosted magnetite Fe deposit.
Exploration target size to be assessed by end 2010
from Heli-EM and drilling
Poochera
(SA):
Highest quality kaolin resource. +50 year life.
Planning new operation from end 2012, ramping from
50,000 tpa @ start up to +100,000 tpa (2 x
wet processing modules)
www.minotaurexploration.com.au
16. Exploration - Cloncurry MINOTAUR
EXPLORATION
Australia’s most productive
copper belt
vast areas under cover
and
under-explored
geophysics “sees through” the
cover
to locate potentially mineralised
targets (anomalies)
looking for Ernest Henry style
orebodies
multiple IOCG targets over 546 km2
Ernest Henry
30km N of Ernst Henry IOCG mine
JV with Japan Oil Gas & Metals Corp
JOGMEC earning 51%
Cloncurry
JOGMEC funding $4M over 3 years
www.minotaurexploration.com.au
17. Exploration - Cloncurry MINOTAUR
EXPLORATION
ground geophysics
underway
drill selected
geophysical targets in
October-November
aka Eloise, Osborne,
Ernest Henry
Drill ready Targets:
Woolshed Flat
Gypsy Plains
Cormorant
Cotswold
www.minotaurexploration.com.au
18. Exploration - Cloncurry MINOTAUR
EXPLORATION
Woolshed Flat:
entirely new IOCG target
coincident magnetics, gravity,
positive ground TEM anomalies
on prominent NW trending fault
www.minotaurexploration.com.au
19. Exploration - Cloncurry MINOTAUR
EXPLORATION
Gypsy Plains:
coincident
magnetic high &
gravity anomaly,
adjacent
a major EM
conductive
linear feature (dashed line)
in-filling gravity sections
hole NRRCD-08 intersected
massive magnetite with
pyrite-chalcopyrite from
130m - 360m downhole
hole NJVD12 on structure,
intersected elevated Cu and
high Fe; gravity being
acquired
www.minotaurexploration.com.au
20. Exploration - Cloncurry MINOTAUR
EXPLORATION
Cormorant:
new geophysics
shows that previous
explorers appear to
have drilled parallel
to the conductive
structure (red
line)
exceptionally strong
EM conductor to
be tested by
new
drill hole in October
new drill trace, oriented to intersect conductive plate
www.minotaurexploration.com.au
21. Exploration - Aphrodite IOCG target MINOTAUR
EXPLORATION
Aphrodite; a major new
IOCG gravity anomaly
35km SE of
Olympic Dam
MEP 100%
Offset Gravity/Magnetic
anomalism
2009 discovery hole
drilled to 800m below
surface
distinctive Olympic Dam
style peripheral
mineralisation in core,
indicates close
roximity
p Aphrodite
to significant
hydrothermal system
www.minotaurexploration.com.au
22. Exploration - Aphrodite IOCG target MINOTAUR
EXPLORATION
Carrapateena pipes
Hole 2: 355m @ 1.25% Cu, 0.5 g/t Au
Hole 50: 905m @ 2.0% Cu, 1.0 g/t Au
Carrapateena-style hematite rich
breccia system intersected
70m
6
below surface
core showed pervasive sericite
alteration with hematite &
chalcopyrite suggesting
proximity to hydrothermal
mineralisation
new geophysics refined the
centre of anomaly > new drill
site located 600m S
In September, will core drill
down the anomaly to 800m
depth
www.minotaurexploration.com.au
23. Exploration - Aphrodite IOCG target MINOTAUR
EXPLORATION
0 1 2 3
km
Carrapateena gravity anomaly, superimposed at same scale
www.minotaurexploration.com.au
24. Exploration - Border Base metals MINOTAUR
EXPLORATION
multiple Pb/Zn targets
40km W of Broken
Hill
JV with Sumitomo (MEP 40.9%)
ground geophysics
underway
drill selected targets
Nov-Dec
$700k budget in 2010
www.minotaurexploration.com.au
25. Exploration - Mutooroo Fe MINOTAUR
EXPLORATION
90km SW of Broken Hill
35km from E-W rail line
Heavy duty rail link 300km
to Port Pirie
JV with Sumitomo (MEP 40.9%)
initial drill intersections
show 200m thick
magnetite mineralised
beds
3,500 line km of heli borne
EM done to define
magnetic sedimentary
horizons
drill targets through
October - November
$500k budget in 2010
www.minotaurexploration.com.au
26. Exploration - Mutooroo Fe MINOTAUR
EXPLORATION
Program for H2 2010:
★
low level Heli-Mag
data acquisition -
completed in August
★
10 x RC & Diamond
holes planned along
40km strike extent of
magnetised beds
★
Met test for optimal
grind size
★
estimate size of
Exploration Target
★
Scoping Study
www.minotaurexploration.com.au
27. Exploration - Mutooroo Fe MINOTAUR
EXPLORATION
08RCMUT-‐02 08RCMUT-‐01
www.minotaurexploration.com.au
28. Exploration - Mutooroo Fe
3D ground Magnetic Intensity shells MINOTAUR
EXPLORATION
08RCMUT-‐02 08RCMUT-‐01
MUT02: 114m 20% DTR Fe with DTRC grade of 69.7% Fe
www.minotaurexploration.com.au
29. Exploration - Tunkillia gold project MINOTAUR
EXPLORATION
MEP 54.75% (Helix Resources 45.25%)
803,000 oz resource established
multiple targets within 5km radius
tested 4 targets in June (RC; 1650m)
validated biogeochem method (gold
in plants) as a viable exploration tool
refer ASX release dated 30 June ’10
80km extents of Yarlbrinda shear
zone remain untested
www.minotaurexploration.com.au
30. Commercialisation - Poochera Kaolin MINOTAUR
EXPLORATION
Granite decomposes to granitic kaolin through tropical weathering
!
Finished product size is 92% passing 2 microns.
World consumption of highest quality ‘China
Clay’ exceeds 10 million tonnes per year.
Used in plastics, paints, paper coatings, tyres
www.minotaurexploration.com.au
31. Commercialisation - Poochera Kaolin MINOTAUR
EXPLORATION
MEP 100%
20Mt Inferred Kaolin resource
5m - 50m below surface
superior ‘Ultra white’ & ‘Ultra
bright’ hydrous kaolin qualities;
ISO Brightness
R457 = 90
92% < 2u hydrous kaolin product
pilot plant
producing high
quality calcining feedstock
potential for +100kt pa operation
for >50 years
100km from Port Thevenard, SA
marketing exposure from October,
leading to Offtake discussions
leads into 2011 Pre-feasibility study
www.minotaurexploration.com.au
