Tag: Minotaur Exploration

Minotaur secures $1.5m placement

Minotaur secures $1.5m placement

MINOTAUR Exploration has successfully completed a placement to raise A$1.5m to back its base metals tenements in Queensland and South Australia. New shares will be issued at $0.05 per share, representing around a 9pc discount to last close (on October 30, 2019) and around a 12pc discount to the 15-day volume weighed average price (VWAP) of $0.057. Minotaur managing director Andrew Woskett said that the investor support seen in the placement validated the company’s prospects, with the proceeds to be applied across Minotaur’s base metals exploration projects. “Works will include drilling for the Windsor JV plus drill targeting at Minotaur’s wholly-owned Peake and Denison, and Highlands projects,” Mr Woskett said. Around $0.950m of the placement will be spent at the...

In the Spotlight: Minotaur Exploration

In the Spotlight: Minotaur Exploration

Minotaur Exploration executive director business development Tony Belperio. Image: Minotaur Exploration. MINOTAUR Exploration has already had significant success at its Eloise joint-venture with OZ Minerals 60km southeast of Cloncurry in QLD thanks to its targeting of a relatively unknown style of deposit called Iron Sulphide Copper Gold (ISCG). As drilling continued into the Jericho copper-gold system at the end of 2018, Amy Blom spoke with Minotaur executive director business development Tony Belperio about the benefits of targeting ISCG deposits, recent results from Jericho, and plans to roll out the exploration model elsewhere. Q. Minotaur Exploration has achieved a breakthrough based on a new deposit style called ISCG. What led to Minotaur’s decision to target this particular style of...