Minotaur Exploration Ltd (ASX: MEP) is a mineral resource company with a portfolio of exploration and development projects and a 50% interest in a new technology venture.
| Metal | Project | State | Owners |
| Eloise JV | Qld | OZL 70% MEP 30% | |
| Copper - Gold | Jericho JV | Qld | OZL 80%, MEP 20% |
| Breena Plains JV | Qld | SFR 100%, OZL/MEP to earn up to 75% | |
| Peake & Denison | SA | MEP 100% | |
| Highlands | Qld | MEP 100% | |
| Base Metals | Windsor | Qld | MEP 100% |
| Industrial Minerals | Great White Kaolin JV | SA | ADN 51%, MEP 49% ADN earning 75% |
Halloysite Research & Development
| Natural Nanotech Pty Ltd | ADN 50%, MEP 50% | ||
Rationale: The JVs aim at delineating one or more deposits similar to the Eloise/Jericho deposits to warrant development of new mines and a new processing plant: the Cloncurry Minerals Hub
For MEP:
- Attract top tier farm-in partners
- Minimise equity dilution
- Reduce exploration risks
- Maintaining exposure to both exploration and development success
For OZL: growth through farm-in into new assets with:
- Tier-one jurisdiction.
- Long life.
- Expected good profitability
Overall:
- No cash burn for MEP, but still significant exploration expenditure: $9.1 million in FY2019, $3.7 million in FY2020
- OZL has a strong balance sheet to finance both the exploration expenditure and the development capital
- OZL has the expertise and successful track record to develop and operate mining projects
