Minotaur Exploration (MEP)

Shares / Stock Code

MEP

Stock Exchange / Sharemarket

Australian Securities Exchange

Minotaur Exploration (MEP) is being priced as an investment company. This is despite being an active explorer through JVs and alliances. MEP is active in most states exploring for gold and/or base metals. MEP is earning 51% of Tunkillia (0.8Moz Au and 1.6Moz Ag) where mine studies have begun. MEP has three major shareholdings. These are Toro Energy (26% U); Petratherm (35% geothermal energy) and Mithril Resources (22% mainly Ni). Along with minor investments, these holdings are options for wealth creation.

Minotaur Resources discovered the Prominent Hill ore body that is now owned by Oxiana (ASX: OXR). MEP, through its JVs and other agreements, has built an enviable exposure to the most prospective regions exclusive of WA. This is why Newmont Mining is a substantial shareholder. MEP is exploring for high-impact IOCG deposits in SA and QLD. The total area under license is greater than 30,000sqkm. Assets that were listed separately are key investments and adding value to MEP shareholders.

Minotaur uses joint ventures and alliances to alleviate risks and cost pressures. It has in place several joint venture agreements with large resource companies, which allow the sharing of exploration costs and technical databases. MAP listed on the Australian stockmarket (ASX) on 24 February, 2005.

Major competitors consist of other mining companies in Australia and overseas exploring for gold, precious and base metals. These range from massive international companies to small explorers with one or two projects. Prospective gold customers include governments, banks and international gold brokers whilst for precious and base metals would involve arrangements with utilities, large industrial users and steel plants.

Minotaur Exploration (MEP) Products and Services

  • Mining exploration

Minotaur Exploration (MEP) Locations and Subsidiaries

Minotaur Exploration Head Office
247 Greenhill Road, DULWICH,
SA, AUSTRALIA, 5065
Phone: (08) 8366 6000
Fax: (08) 8366 6001

Minotaur Exploration (MEP) Share Price

Submitted by ASX Listed Company on 13 May, 2010 - 19:31

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