Managing Directors Presentation 2012 AGM
Adelaide, Nov 22, 2012 AEST (ABN Newswire) - Minotaur Exploration Limited (
ASX:MEP) are pleased to provide the Managing Directors Presentation at the 2012 AGM.
2012 Corporate Highlights
- Sold Tunkillia gold interest for $4 million cash + $2 million of shares in Mungana Goldmines (MUX)
- Sold five Gawler Craton tenements to BHPB for $9.5 million net cash
- Vended Southern Gawler tenements into successful listing of Spencer Resources (SPA)
- A new package of Central Gawler IOCG tenements is being assembled
- No shareholder dilution
- Profit after Tax of $3.86 million (2012 FY)
- $10.3 million of cash at end October
- Listed investments of $3.9 million at end October
About Minotaur Exploration Ltd
Minotaur Exploration Ltd (ASX:MEP) is a public company listed on the Australian Securities Exchange (ASX) under the market code MEP. MEP commenced trading on ASX on 25 February 2005. Minotaur has extensive minerals exploration tenements in South Australia, New South Wales, Victoria, Queensland and Western Australia.
The Company is governed by a Board of Directors according to Australian Corporate law and the Listing Rules of the ASX. Minotaur specialises in application of innovative geophysical techniques to locate virgin mineralisation deep below the surface. Often, economic mineral deposits are contained within basement rocks, buried below several hundred metres of transported cover (overburden) and cannot be located through conventional surface exploration methods such as soil sampling, geochemical assays and drilling. Minotaur's remote sensing and interpretative approach has proven very successful, time and time again.
The directors and management of Minotaur each have over 30 years of exploration, mining and mineral resource experience and are eminently qualified in their respective fields of expertise. Under their direction, Minotaur has earned a strong reputation for technical excellence and a high profile within the Australian resources sector. Minotaur's share register comprises 3500 shareholders.
Minotaur is actively exploring IOCG style targets in Australia, where geophysics have identified numerous sub-surface anomalies prospective for copper-gold mineralisation and other targets prospective for base metals such as zinc, lead, copper.
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