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MINOTAUR

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MEP

AU000000MEP8

Minotaur Exploration : confirms acquisition of Pyramid gold project, Queensland

November 17, 2020 at 11:12 am EST

Minotaur Exploration (ASX: MEP) completed its due diligence and will proceed to acquire 100% ownership of the Pyramid Gold Project from Avira Resources Ltd (ASX: AVW).

The Pyramid tenement group is located 180km south of Townsville. The project, covering 150km2 embraces two main areas prospective for gold, being the West Pyramid Range and East Pyramid Range.

Minotaur is attracted to the project by the very credible drilling history and an extensive geochemical database, positioning Pyramid as a compilation of advanced gold exploration prospects. West Pyramid Range offers significant potential to expand the gold mineralisation footprint defined through historic work, especially along an 8km section of the Gettysberg Fault corridor. The East Pyramid Range is less advanced, however Minotaur is of the view the area offers potential for Intrusion Related Gold Systems (IRGS), similar in style to other well-known gold deposits in the district such as Mount Leyshon (+3.5Moz) and Mount Wright (+1Moz).

Contact:

Tel: (61 8) 8111 4000

Latest news about MINOTAUR

Minotaur Announces Board Restructure	22-02-28	CI
Minotaur Exploration Limited Reports Earnings Results for the Half Year Ended December 31, 2021	22-02-24	CI
Andromeda Metals Limited completed the acquisition of Minotaur Exploration Limited from a group of shareholders.	22-02-24	CI
Minotaur Exploration Limited Announces Board Appointments	22-02-10	CI
Minotaur Exploration Limited completed the Spin-Off of Breakaway Resources Pty Ltd	22-02-02	CI
Andromeda Metals Receives Great White Kaolin Project Mining Lease	21-12-17	MT
Minotaur Exploration Limited and OZ Minerals Limited Establish a Farm-In Joint Venture	21-11-30	CI
Andromeda Metals to Acquire Minotaur Exploration	21-11-10	MT
Minotaur Exploration Limited agreed to Spin-Off Breakaway Resources Pty Ltd.	21-11-09	CI
Andromeda Metals Limited entered into a Bid Implementation Agreement to acquire Minotaur Exploration Limited from a group of shareholders for approximately AUD 120 million.	21-11-09	CI
Minotaur Exploration : Starts Bulk Sample Program at South Australia's Great White Deposit	21-09-27	MT
Andromeda Metals Limited and Minotaur Exploration Limited Announce Bulk Sample Drilling Program Commence At the Great White Deposit, Located on the Eyre Peninsula of South Australia	21-09-26	CI
Minotaur Exploration Limited Reports Earnings Results for the Full Year Ended June 30, 2021	21-09-24	CI
Minotaur Exploration and Sandfire Resources Ltd Announces Acquires Full Ownership of Altia Polymetallic Project	21-08-24	CI
Minotaur Exploration Limited agreed to acquire remaining 60% stake in Altia Lead-Silver Deposit from Sandfire Resources America Inc. for AUD 3.2 million.	21-08-23	CI
Minotaur Exploration : Generates Anomalies at Pyramid Project	21-07-26	MT
Minotaur Exploration Limited Announces IP Geophysical Anomalies Identified at Pyramid Gold Project, Queensland	21-07-25	CI
Andromeda Metals : Minotaur Exploration Joint Venture Files for Halloysite-Kaolin Conversion Patent	21-07-07	MT
Andromeda Metals : Signs Binding Offtake Deal for Great White Kaolin Project	21-06-10	MT
Minotaur Exploration : Andromeda Metals to Begin Agricultural Study on Halloysite Nanotubes	21-06-04	MT
Minotaur Exploration : Begins Geophysical Survey at Pyramid Project	21-05-27	MT
Minotaur Exploration Limited Announces IP Geophysical Survey Underway At Pyramid Gold Project, Queensland	21-05-26	CI
Minotaur Exploration : Andromeda Metals Sign Deal with University for Carbon Capture Program; Shares Sink 8%	21-05-02	MT
Minotaur Exploration : Completes First Pass Drilling at Gettysberg Prospect in Western Australia; Shares Slide 3%	21-04-15	MT
Minotaur Exploration Limited Completes First-Pass Drilling At Pyramid Gold	21-04-14	CI

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Company Profile

Minotaur Exploration Limited (Minotaur) is an Australia-based company that engaged in securing new tenements with potential for the mineralization and evaluating results achieved through surface sampling, drilling, and geophysical surveys. Minotaur's projects include Pyramid Gold, Breena Plains Joint Venture (JV), Eloise project, Jericho project, and Great White project. The Pyramid Gold project is located 180 kilometers south of Townsville and covering 150 kilometers square embraces two main areas prospective for gold, being the West Pyramid Range and East Pyramid Range. The Breena Plains JV provides regional scope for Minotaur to locate prospects proximal to Jericho, for assessment. The Eloise project is a joint operation between OZ Minerals Ltd owning 70% and the Minotaur owning 30%. The Jericho project is a joint operation between OZ Minerals Ltd and the Minotaur. The Great White project is a joint operation between Andromeda Metals Ltd owning 51% and the Minotaur owning 49%.

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