24 August 2017
ASX Market Announcements Office ASX Limited
20 Bridge Street
SYDNEY NSW 2000
Minotaur Exploration Limited - Company Update
Minotaur Exploration Limited ("Minotaur", ASX: MEP) is pleased to release an investor presentation to provide an update on its exploration joint ventures with OZ Minerals in light of today's announcement on the upcoming Eloise JV drilling program.
Minotaur is currently undertaking extensive work programs with OZ Minerals at their flagship Eloise JV and around the Prominent Hill mine.
Yours faithfully,
Varis Lidums
Company Secretary
Minotaur Exploration Limited | ASX: MEP Company updateAUGUST 2017
Minotaur's points of difference
Enviable record of exploration success; achieved through strict focus and strong capability
Quality of core assets in Queensland and South Australiaunderpins discovery potential
Business model based on JV partnerships leads to substantially more exploration activity than for other explorers of similar scale; key partners include OZ Minerals, Sandfire, Sumitomo and JOGMEC
History of responsible capital management with a tight capital structure
High profile share register includingSprott, OZ Minerals, Sandfire and FMR Investments
Extensive work programs with OZ Mineralsongoing at flagship Eloise JV and around Prominent Hill mine; a partnership of significant strategic valuecomplementing OZ Minerals' 3.8% shareholding in Minotaur
Ground EM at the Eloise JV producedhigh value drill targets along the Levuka Shear Zone, along strike from the producing Eloise Cu-Au mine
Extensive ground EM survey underway near OZ Minerals' Prominent Hillto provide new drill targets
Potential for value realisation from non-core projects - Western Australia nickel and gold, and South Australian industrial minerals
Corporate snapshot
Strong mining shareholders, smart mining money and high quality JV partnersAbout Minotaur Exploration (ASX: MEP) |
Australia |
Major shareholders | |
Sprott Inc. Leading global resources fund | 13.1% |
Yarraandoo Private Australian mining investor | 6.2% |
OZ Minerals ASX-listed copper-gold miner with a market capitalisation c. A$2.6bn | 3.8% |
Ian Gemmell Private Australian mining investor | 1.7% |
FMR Investments Owner/operator of the Eloise copper mine, Queensland | 1.4% |
Sandfire Resources ASX-listed copper miner with a market capitalisation c. A$900M | 1.2% |
JV partners and collaborators |
OZ Minerals Australian copper-gold producer |
Sandfire Resources Australian copper-gold producer |
JOGMEC Japan Oil, Gas and Metals National Corporation; Japanese Government entity |
Sumitomo Metal Mining Oceania Major global metals producer & refiner |
Share price (Ac per share) Volume (m)
14 21
12 18
10 15
8 12
6 9
4 6
2 3
Financial informationNumber of shares1 | 212.4m |
Share price (22-Aug-17) | A$0.064 |
Market capitalisation | A$13.6m |
Cash (30-Jun-17) | A$2.3m |
Debt (30-Jun-17) | A$0.4m |
Listed investments (30-Jun-17) | A$0.7m |
Enterprise value | A$11.0m |
- -
Aug-16 Nov-16 Feb-17 May-17 Aug-17 MEP daily volume Minotaur ASX 300 Metals & Mining Index (rebased)
Source: IRESS
Notes:
Excludes 17.9m listed options (MEPO) with exercise price of A$0.095 and expiry date of 30 November 2017
Excludes 36.4m unlisted options with exercise price range of A$0.095 - A$0.30 and expiry date range of 30 November 2017 to 6 September 2021
Minotaur Exploration Ltd. published this content on 24 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 07:22:07 UTC.
Original documenthttp://www.minotaurexploration.com.au/sites/default/files/documents/Minotaur%20-%20Company%20Update.pdf
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