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MELBOURNE MINING CLUB, CUTTING EDGE SERIES
               21 September 2010
        Andrew Woskett, Managing Director


         Minotaur Exploration Limited
              ACN: 108 483 601
                  ASX: MEP




                       1
Minotaur is:
                                                                           MINOTAUR
                                                                           EXPLORATION




an active Explorer in:           where the focus is on:
     Nova Scotia, Canada            IOCG style Copper-gold, Magnetite iron
     Queensland                     IOCG style Copper-gold
     New South Wales                Base metals (Pb, Zn)
     South Australia                IOCG style Copper-gold, Magnetite iron, kaolin
     Victoria                       Gold, VMS style base metals




www.minotaurexploration.com.au                                                      2
Project Pipeline
                                                                                                           MINOTAUR
                                                                                                           EXPLORATION




      PROJECT           Location       Type           Sept            Oct         Nov            Dec
       Cobequid        Nova Scotia     IOCG         Geophysics     Geophysics     Drilling    Lab Assays

                                                                     Target
       Bass River      Nova Scotia   Magnetite      Geophysics                    Drilling    Lab Assays
                                                                   generation

       Cloncurry            Qld        IOCG         Geophysics       Drilling     Drilling    Lab Assays

       Aphrodite            SA         IOCG        Road access       Drilling   Lab Assays   Interpretation

         Border             SA       Base metals    Geophysics     Geophysics     Drilling      Drilling

                                                                     Target
       Mutooroo             SA       Magnetite      Geophysics                    Drilling      Drilling
                                                                   generation
                                                     Product                                   Off Take
       Poochera             SA         Kaolin                      Marketing    Marketing
                                                   Specifications                              discussions
                                                   Start CSIRO       Regional     Regional    CSIRO ISL
        Tunkillia           SA          Gold
                                                     ISL Study     Biogeochem   Biogeochem    Study ends

         Louth             NSW       Base Metals     Drilling        Drilling   Lab Assays   Interpretation


www.minotaurexploration.com.au                                                                                      3
Business Model
                                                                                     MINOTAUR
                                                                                     EXPLORATION




A mul t i -opt i one d a pproa c h t o bui l di ng v a l ue :

    Active and diverse exploration effort in iron-oxide-copper-gold (IOCG, or Prominent Hill
    style), gold, base metals, & iron mineralised systems
    Strategic ASX Investments broaden exposure to exploration success
    steadily moving advanced Kaolin (China Clay) project towards commercialisation
    actively seeking new brownfields acquisition opportunities in metals




www.minotaurexploration.com.au                                                                4
About Minotaur
                                                                            MINOTAUR
                                                                            EXPLORATION




      ASX:                           MEP
      Equity:                        80.5M shares on issue
      Top 5 hold 27.4%:              Oz Minerals (9.98%); Newmont (6.61%)
      52 week range:                 16.5c - 38c
      Last Price (20 Sept):          $0.36
      Market Capitalisation:         $29M
         Cash (31 August):           $3.7M
         Listed Investments:         $ 6.9M
         Enterprise Value:           $18.4M
         Exploration Assets/share:   $0.23    (as @ 20 September 2010)




www.minotaurexploration.com.au                                                       5
Strategic Investments
                                                                                     MINOTAUR
                                                                                     EXPLORATION




Le vera gi n g gro un d exp o su re a n d te c hnica l sk ills via equit y in:

      Mithril Resources          (MTH)   nickel and copper explorer       (16.6%)

      Petratherm                 (PTR)   geothermal energy developer (18.35%)

      PlatSearch NL              (PTS)   base metals explorer             (4.5%)

      Thomson Resources          (TMO)   applying frontier geology to Thomson Fold
                                         Belt (NSW), expect ASX listing in October
                                         (Minotaur equity approx 13%)




www.minotaurexploration.com.au                                                                6
Exploration focus - Canada
                                                                                            MINOTAUR
                                                                                            EXPLORATION




Significant ground position in Nova Scotia, offering multi-metal
opportunities:
      Cobequid:                  IOCG; geophysics underway on multiple IOCG anomalies,
                                 drill in November
      Bass River:                Magnetite; proven iron ore province, geophysics underway
                                 along 20km magnetic horizon, drill test in November




www.minotaurexploration.com.au                                                                       7
Exploration - Nova Scotia
Significant Regional IOCG and iron play                         MINOTAUR
                                                               EXPLORATION




                                 Tenure along 200km of the fault zone




www.minotaurexploration.com.au                                          8
Exploration - Nova Scotia
Mineralisation types             MINOTAUR
                                 EXPLORATION




www.minotaurexploration.com.au            9
Exploration - Nova Scotia
IOCG                             MINOTAUR
                                 EXPLORATION




www.minotaurexploration.com.au            X
Exploration - Nova Scotia
IOCG anomalies, examples                                                   MINOTAUR
                                                                           EXPLORATION




                  NS13West (Haematite)              NS13East (Magnetite)




                                 1VD	
  Gravity         1VD	
  Magne*cs


                    NS13West is a gravity            NS13East shows
                       only anomaly               coincident gravity and
                     (Haematite target)            magnetic anomalies
                                                    (Magnetite target)

www.minotaurexploration.com.au                                                     10
Exploration - Nova Scotia
Bass River Magnetite                                 MINOTAUR
                                                     EXPLORATION




                                     Magnetite deposit is:
                                     
 15km from trans
                                 
     Canada railway &
                                 
     highway
                                     
 50km from Port of
                                 
     Parrsboro
                                     
 150km from major
                                 
     Port of Halifax
                                     
 in a recognised iron
                                 
     ore province




www.minotaurexploration.com.au                               11
Exploration - Nova Scotia
Bass River Magnetite                            MINOTAUR
                                                EXPLORATION




                                   Magnetite breccia
                                  mineralisation shows
                                 magnetic high intensity
                                   sporadically along
                                     20km of strike
                                 High resolution ground
                                    magnetic survey
                                 underway to guide drill
                                 investigation at 5 high
                                    intensity targets

                                   Lodestone (1988)
                                  produced 1,000t of
                                 magnetite Con at grade
                                   of 83% Fe3O4 from
                                      2,000t of ore

www.minotaurexploration.com.au                          12
Exploration - Nova Scotia
 Bass River Magnetite, Geology    MINOTAUR
                                  EXPLORATION




Geology of the Bass
River area showing the
location of magnetite
breccia outcrops
between Bass River and
Economy River relative
to the Cobequid-
Chedabucto Fault Zone
(CCFZ) and the alkaline
Pleasant Hills Pluton of
Carboniferous age.



 www.minotaurexploration.com.au           13
Exploration - Nova Scotia
Magnetite sampling                                                              MINOTAUR
                                                                                EXPLORATION




                                    The Bass River Magnetite deposit was bulk
                                 sampled as a source of high quality magnetite in
                                     1988. The presence of Co-rich pyrite was
                                  recognised. The deposit averages 500ppm Co
                                 while the pyrite concentrate averages 0.9% Cobalt
                                          (Co metal is ~US$42,000 per tonne).




                                 The magnetite mineralisation has an obvious
                                 structural control and is localised essentially along
                                 the trace of the Cobequid Fault, a major suture of
                                 the Cobequid-Chedabucto Fault Zone.




                                 Fragments of Carboniferous age Pleasant Hills
                                 Pluton are present in the brecciated magnetite
                                 mineralisation. In addition, veinlets of pinkish
                                 granite and/or K-feldspar are also present,
                                 suggesting the granite and magnetite formed
                                 contemporaneously.

www.minotaurexploration.com.au                                                           14
Exploration focus - Australia
                                                                                           MINOTAUR
                                                                                           EXPLORATION




Project diversity, well funded, spending $7 million through 2010:
     Cloncurry         (Qld):    geophysics underway on multiple IOCG targets

     Aphrodite          (SA):    Major IOCG target 35km SE of Olympic Dam.
                                 Ready to drill to 900m depth in October. Shows very distinct
                                 similarities to the nearby ‘Carrapateena’ gravity anomaly
     Border             (SA):    base metals, AEM & EM complete, drill in November
     Mutooroo           (SA):    Braemar sedimentary hosted magnetite Fe deposit.
                                 Exploration target size to be assessed by end 2010 from Heli-EM
                                 and drilling
     Poochera           (SA):    Highest quality kaolin resource. +50 year life.
                                 Planning new operation from end 2012, ramping from
                                 50,000 tpa @ start up to +100,000 tpa (assumes 2 x wet
                                 processing modules)


www.minotaurexploration.com.au                                                                     15
Exploration - Cloncurry
                                                              MINOTAUR
                                                              EXPLORATION




     
 Australia’s most productive

      copper belt, but
     
 surface deposits are depleted
     
 vast areas under cover (obscured)

      and are under-explored
     
 geophysics “sees through” the cover

      to locate potentially mineralised

      targets (anomalies)

        looking for Ernest Henry style
        orebodies
        multiple IOCG targets over 546 km2
                                              Ernest Henry
        30km N of Ernst Henry IOCG mine
        JV with Japan Oil Gas & Metals Corp
        JOGMEC earning 51%
                                                  Cloncurry
        JOGMEC funding $4M over 3 years
    www.minotaurexploration.com.au                                    16
Exploration - Cloncurry
                                     MINOTAUR
                                     EXPLORATION




    
 ground geophysics

     underway
    
 drill selected

     geophysical anomalies

     in October-November
    
 aka Eloise, Osborne,

     Ernest Henry


Drill ready Targets modeled at:
     Woolshed Flat
      Gypsy Plains
      Cormorant
      Cotswold


    www.minotaurexploration.com.au           17
Exploration - Cloncurry
                                               MINOTAUR
                                               EXPLORATION




Woolshed Flat:
  entirely new IOCG target
     coincident magnetics, gravity with
     positive ground TEM anomalies on
     prominent NW trending fault




www.minotaurexploration.com.au            18
Exploration - Cloncurry
                                       MINOTAUR
                                       EXPLORATION




  Gypsy Plains:
     coincident magnetic high &
     gravity anomaly, adjacent a
     major EM conductive linear
     feature (dashed line)
     in-filling gravity sections
     hole NRRCD-08 intersected
     massive magnetite with
     pyrite-chalcopyrite from130m
     - 360m downhole
     hole NJVD12 on structure,
     intersected elevated Cu and
     high Fe; gravity being acquired




www.minotaurexploration.com.au                 19
Exploration - Cloncurry
                                                                           MINOTAUR
                                                                           EXPLORATION




  Cormorant:
     new geophysics shows
     that previous
     explorers appear to
     have drilled parallel
     to the conductive
     structure (red line)
     exceptionally strong
     EM conductor to be
     tested by new drill hole
     in November



                                 new drill trace, oriented to intersect conductive plate


www.minotaurexploration.com.au                                                     20
Exploration - Louth base metals project
                                          MINOTAUR
                                          EXPLORATION




 JV with JOGMEC (earning 51%)
 Cobar Supergroup rocks host Pb, Zn,
 Ag, Au, Cu mineralisation (Endeavour,
 CSA & Peak mines)
 discrete conductive anomalies
 derived from VTEM and ground EM
 surveys in 2009
 Targets under 100m of sedimentary
 cover
 now drilling 3 targets into basement,
 550m hole depth
 JV budget is $400k in 2010



www.minotaurexploration.com.au                    21
Exploration - Aphrodite IOCG target
                                        MINOTAUR
                                        EXPLORATION




    Aphrodite; a major new
    IOCG gravity anomaly 35km
    SE of Olympic Dam
    MEP 100%
    Offset Gravity/Magnetic
    anomalism bounded by
    regional lineaments
    2009 discovery hole drilled
    to 800m below surface
    distinctive Olympic Dam
    style peripheral
    mineralisation in core;
    indicates close proximity to      Aphrodite
    significant hydrothermal
    system


www.minotaurexploration.com.au                  22
Exploration - Aphrodite IOCG target
                                                                                 MINOTAUR
                                                                                 EXPLORATION



                                                       Carrapateena pipes
                                                Hole 2: 355m @ 1.25% Cu, 0.5 g/t Au
                                               Hole 50: 905m @ 2.0% Cu, 1.0 g/t Au



    a Carrapateena look-alike
    Carrapateena-style hematite rich
    breccia system intersected 670m
    below surface
    core showed pervasive sericite
    alteration with hematite & chalcopyrite,
    suggesting proximity to major
    hydrothermal mineralisation event
    new geophysics refined the centre of
    anomaly > new drill site located 600m S
    In October, will start new diamond hole
    down the anomaly to 900m depth



www.minotaurexploration.com.au                                                           23
Exploration - Aphrodite IOCG target
                                                                         MINOTAUR
                                                                         EXPLORATION




                                 0   1        2   3
                                         km

              Carrapateena gravity anomaly, superimposed at same scale
www.minotaurexploration.com.au                                                   24
Exploration - Border Base metals
                                   MINOTAUR
                                   EXPLORATION




multiple Pb/Zn targets
40km W of Broken Hill
JV with Sumitomo (MEP 40.9%)
ground geophysics
underway
drill selected targets Nov-Dec
$700k budget in 2010




www.minotaurexploration.com.au             25
Exploration - Mutooroo Fe
                                       MINOTAUR
                                       EXPLORATION




    90km SW of Broken Hill
    35km from E-W rail line
    Heavy duty rail link 300km to
    Port Pirie
    JV with Sumitomo (MEP 40.9%)
    initial drill intersections show
    200m thick magnetite
    mineralised beds
    3,500 line km of heli borne EM
    done to define magnetic
    sedimentary horizons
    drill targets through October -
    November
    $500k budget in 2010

www.minotaurexploration.com.au                 26
Exploration - Mutooroo Fe
                                     MINOTAUR
                                     EXPLORATION




2 RC holes drilled to 200m.
Program for H2 2010:
★   low level Heli-Mag data
    acquisition - completed in
    August
★   10 x RC & Diamond
    holes planned along
    40km strike extent of
    magnetised beds
★   Beneficiation testing
★   estimate size of
    Exploration Target
★   Scoping Study


    www.minotaurexploration.com.au           27
Exploration - Mutooroo Fe
                                                               MINOTAUR
                                                               EXPLORATION




                                 08RCMUT-­‐02   08RCMUT-­‐01




www.minotaurexploration.com.au                                         28
Exploration - Mutooroo Fe
3D ground Magnetic Intensity shells                                                                  MINOTAUR
                                                                                                     EXPLORATION




                                        08RCMUT-­‐02                                  08RCMUT-­‐01




                                 MUT02: 114m 20% DTR Fe with DTRC grade of 69.7% Fe
www.minotaurexploration.com.au                                                                               29
Exploration - Tunkillia gold project
                                              MINOTAUR
                                              EXPLORATION




      MEP 54.75% (Helix Resources 45.25%)
      803,000 oz JORC resource established
      multiple targets within 5km radius
      tested 4 targets in June (RC; 1650m)
      validated biogeochem method (gold in
      plants) as a viable exploration tool
      refer ASX release dated 30 June ’10
      80km extents of Yarlbrinda shear zone
      remain untested




www.minotaurexploration.com.au                        30
Commercialisation - Poochera Kaolin
                                                                                           MINOTAUR
                                                                                           EXPLORATION




                                     Granite decomposes to granitic kaolin through tropical weathering




                                 !




                                      Finished product size is 92% passing 2 microns.
                                        World consumption of highest quality ‘China
                                          Clay’ exceeds 10 million tonnes per year.
                                       Used in plastics, paints, paper coatings, tyres
www.minotaurexploration.com.au                                                                     31
Commercialisation - Poochera Kaolin
                                                MINOTAUR
                                                EXPLORATION




   MEP 100%
   20Mt Inferred Kaolin resource
   5m - 50m below surface
   92% < 2u hydrous kaolin product
   world class ‘Ultra white’ & ‘Ultra bright’
   hydrous kaolin qualities; ISO Reflectance:
   R457 = 90.7
   pilot plant producing world class
   calcining feedstock; R457 = 92.4
   potential for +100kt pa operation for
   >50 years
   100km from Port Thevenard, SA
   marketing exposure from October,
   leading to preliminary Offtake discussions
   leads into 2011 Pre-feasibility study
www.minotaurexploration.com.au                          32
and to conclude......
                                                                               MINOTAUR
                                                                               EXPLORATION




              Mi not aur, a di v ers e port fol i o wi t h pl ent y of zi ng




www.minotaurexploration.com.au                                                         33

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Mep Portfolio Review 21 September 2010

  • 1. MELBOURNE MINING CLUB, CUTTING EDGE SERIES 21 September 2010 Andrew Woskett, Managing Director Minotaur Exploration Limited ACN: 108 483 601 ASX: MEP 1
  • 2. Minotaur is: MINOTAUR EXPLORATION an active Explorer in: where the focus is on: Nova Scotia, Canada IOCG style Copper-gold, Magnetite iron Queensland IOCG style Copper-gold New South Wales Base metals (Pb, Zn) South Australia IOCG style Copper-gold, Magnetite iron, kaolin Victoria Gold, VMS style base metals www.minotaurexploration.com.au 2
  • 3. Project Pipeline MINOTAUR EXPLORATION PROJECT Location Type Sept Oct Nov Dec Cobequid Nova Scotia IOCG Geophysics Geophysics Drilling Lab Assays Target Bass River Nova Scotia Magnetite Geophysics Drilling Lab Assays generation Cloncurry Qld IOCG Geophysics Drilling Drilling Lab Assays Aphrodite SA IOCG Road access Drilling Lab Assays Interpretation Border SA Base metals Geophysics Geophysics Drilling Drilling Target Mutooroo SA Magnetite Geophysics Drilling Drilling generation Product Off Take Poochera SA Kaolin Marketing Marketing Specifications discussions Start CSIRO Regional Regional CSIRO ISL Tunkillia SA Gold ISL Study Biogeochem Biogeochem Study ends Louth NSW Base Metals Drilling Drilling Lab Assays Interpretation www.minotaurexploration.com.au 3
  • 4. Business Model MINOTAUR EXPLORATION A mul t i -opt i one d a pproa c h t o bui l di ng v a l ue : Active and diverse exploration effort in iron-oxide-copper-gold (IOCG, or Prominent Hill style), gold, base metals, & iron mineralised systems Strategic ASX Investments broaden exposure to exploration success steadily moving advanced Kaolin (China Clay) project towards commercialisation actively seeking new brownfields acquisition opportunities in metals www.minotaurexploration.com.au 4
  • 5. About Minotaur MINOTAUR EXPLORATION ASX: MEP Equity: 80.5M shares on issue Top 5 hold 27.4%: Oz Minerals (9.98%); Newmont (6.61%) 52 week range: 16.5c - 38c Last Price (20 Sept): $0.36 Market Capitalisation: $29M Cash (31 August): $3.7M Listed Investments: $ 6.9M Enterprise Value: $18.4M Exploration Assets/share: $0.23 (as @ 20 September 2010) www.minotaurexploration.com.au 5
  • 6. Strategic Investments MINOTAUR EXPLORATION Le vera gi n g gro un d exp o su re a n d te c hnica l sk ills via equit y in: Mithril Resources (MTH) nickel and copper explorer (16.6%) Petratherm (PTR) geothermal energy developer (18.35%) PlatSearch NL (PTS) base metals explorer (4.5%) Thomson Resources (TMO) applying frontier geology to Thomson Fold Belt (NSW), expect ASX listing in October (Minotaur equity approx 13%) www.minotaurexploration.com.au 6
  • 7. Exploration focus - Canada MINOTAUR EXPLORATION Significant ground position in Nova Scotia, offering multi-metal opportunities: Cobequid: IOCG; geophysics underway on multiple IOCG anomalies, drill in November Bass River: Magnetite; proven iron ore province, geophysics underway along 20km magnetic horizon, drill test in November www.minotaurexploration.com.au 7
  • 8. Exploration - Nova Scotia Significant Regional IOCG and iron play MINOTAUR EXPLORATION Tenure along 200km of the fault zone www.minotaurexploration.com.au 8
  • 9. Exploration - Nova Scotia Mineralisation types MINOTAUR EXPLORATION www.minotaurexploration.com.au 9
  • 10. Exploration - Nova Scotia IOCG MINOTAUR EXPLORATION www.minotaurexploration.com.au X
  • 11. Exploration - Nova Scotia IOCG anomalies, examples MINOTAUR EXPLORATION NS13West (Haematite) NS13East (Magnetite) 1VD  Gravity 1VD  Magne*cs NS13West is a gravity NS13East shows only anomaly coincident gravity and (Haematite target) magnetic anomalies (Magnetite target) www.minotaurexploration.com.au 10
  • 12. Exploration - Nova Scotia Bass River Magnetite MINOTAUR EXPLORATION Magnetite deposit is: 15km from trans Canada railway & highway 50km from Port of Parrsboro 150km from major Port of Halifax in a recognised iron ore province www.minotaurexploration.com.au 11
  • 13. Exploration - Nova Scotia Bass River Magnetite MINOTAUR EXPLORATION Magnetite breccia mineralisation shows magnetic high intensity sporadically along 20km of strike High resolution ground magnetic survey underway to guide drill investigation at 5 high intensity targets Lodestone (1988) produced 1,000t of magnetite Con at grade of 83% Fe3O4 from 2,000t of ore www.minotaurexploration.com.au 12
  • 14. Exploration - Nova Scotia Bass River Magnetite, Geology MINOTAUR EXPLORATION Geology of the Bass River area showing the location of magnetite breccia outcrops between Bass River and Economy River relative to the Cobequid- Chedabucto Fault Zone (CCFZ) and the alkaline Pleasant Hills Pluton of Carboniferous age. www.minotaurexploration.com.au 13
  • 15. Exploration - Nova Scotia Magnetite sampling MINOTAUR EXPLORATION The Bass River Magnetite deposit was bulk sampled as a source of high quality magnetite in 1988. The presence of Co-rich pyrite was recognised. The deposit averages 500ppm Co while the pyrite concentrate averages 0.9% Cobalt (Co metal is ~US$42,000 per tonne). The magnetite mineralisation has an obvious structural control and is localised essentially along the trace of the Cobequid Fault, a major suture of the Cobequid-Chedabucto Fault Zone. Fragments of Carboniferous age Pleasant Hills Pluton are present in the brecciated magnetite mineralisation. In addition, veinlets of pinkish granite and/or K-feldspar are also present, suggesting the granite and magnetite formed contemporaneously. www.minotaurexploration.com.au 14
  • 16. Exploration focus - Australia MINOTAUR EXPLORATION Project diversity, well funded, spending $7 million through 2010: Cloncurry (Qld): geophysics underway on multiple IOCG targets Aphrodite (SA): Major IOCG target 35km SE of Olympic Dam. Ready to drill to 900m depth in October. Shows very distinct similarities to the nearby ‘Carrapateena’ gravity anomaly Border (SA): base metals, AEM & EM complete, drill in November Mutooroo (SA): Braemar sedimentary hosted magnetite Fe deposit. Exploration target size to be assessed by end 2010 from Heli-EM and drilling Poochera (SA): Highest quality kaolin resource. +50 year life. Planning new operation from end 2012, ramping from 50,000 tpa @ start up to +100,000 tpa (assumes 2 x wet processing modules) www.minotaurexploration.com.au 15
  • 17. Exploration - Cloncurry MINOTAUR EXPLORATION Australia’s most productive copper belt, but surface deposits are depleted vast areas under cover (obscured) and are under-explored geophysics “sees through” the cover to locate potentially mineralised targets (anomalies) looking for Ernest Henry style orebodies multiple IOCG targets over 546 km2 Ernest Henry 30km N of Ernst Henry IOCG mine JV with Japan Oil Gas & Metals Corp JOGMEC earning 51% Cloncurry JOGMEC funding $4M over 3 years www.minotaurexploration.com.au 16
  • 18. Exploration - Cloncurry MINOTAUR EXPLORATION ground geophysics underway drill selected geophysical anomalies in October-November aka Eloise, Osborne, Ernest Henry Drill ready Targets modeled at: Woolshed Flat Gypsy Plains Cormorant Cotswold www.minotaurexploration.com.au 17
  • 19. Exploration - Cloncurry MINOTAUR EXPLORATION Woolshed Flat: entirely new IOCG target coincident magnetics, gravity with positive ground TEM anomalies on prominent NW trending fault www.minotaurexploration.com.au 18
  • 20. Exploration - Cloncurry MINOTAUR EXPLORATION Gypsy Plains: coincident magnetic high & gravity anomaly, adjacent a major EM conductive linear feature (dashed line) in-filling gravity sections hole NRRCD-08 intersected massive magnetite with pyrite-chalcopyrite from130m - 360m downhole hole NJVD12 on structure, intersected elevated Cu and high Fe; gravity being acquired www.minotaurexploration.com.au 19
  • 21. Exploration - Cloncurry MINOTAUR EXPLORATION Cormorant: new geophysics shows that previous explorers appear to have drilled parallel to the conductive structure (red line) exceptionally strong EM conductor to be tested by new drill hole in November new drill trace, oriented to intersect conductive plate www.minotaurexploration.com.au 20
  • 22. Exploration - Louth base metals project MINOTAUR EXPLORATION JV with JOGMEC (earning 51%) Cobar Supergroup rocks host Pb, Zn, Ag, Au, Cu mineralisation (Endeavour, CSA & Peak mines) discrete conductive anomalies derived from VTEM and ground EM surveys in 2009 Targets under 100m of sedimentary cover now drilling 3 targets into basement, 550m hole depth JV budget is $400k in 2010 www.minotaurexploration.com.au 21
  • 23. Exploration - Aphrodite IOCG target MINOTAUR EXPLORATION Aphrodite; a major new IOCG gravity anomaly 35km SE of Olympic Dam MEP 100% Offset Gravity/Magnetic anomalism bounded by regional lineaments 2009 discovery hole drilled to 800m below surface distinctive Olympic Dam style peripheral mineralisation in core; indicates close proximity to Aphrodite significant hydrothermal system www.minotaurexploration.com.au 22
  • 24. Exploration - Aphrodite IOCG target MINOTAUR EXPLORATION Carrapateena pipes Hole 2: 355m @ 1.25% Cu, 0.5 g/t Au Hole 50: 905m @ 2.0% Cu, 1.0 g/t Au a Carrapateena look-alike Carrapateena-style hematite rich breccia system intersected 670m below surface core showed pervasive sericite alteration with hematite & chalcopyrite, suggesting proximity to major hydrothermal mineralisation event new geophysics refined the centre of anomaly > new drill site located 600m S In October, will start new diamond hole down the anomaly to 900m depth www.minotaurexploration.com.au 23
  • 25. Exploration - Aphrodite IOCG target MINOTAUR EXPLORATION 0 1 2 3 km Carrapateena gravity anomaly, superimposed at same scale www.minotaurexploration.com.au 24
  • 26. Exploration - Border Base metals MINOTAUR EXPLORATION multiple Pb/Zn targets 40km W of Broken Hill JV with Sumitomo (MEP 40.9%) ground geophysics underway drill selected targets Nov-Dec $700k budget in 2010 www.minotaurexploration.com.au 25
  • 27. Exploration - Mutooroo Fe MINOTAUR EXPLORATION 90km SW of Broken Hill 35km from E-W rail line Heavy duty rail link 300km to Port Pirie JV with Sumitomo (MEP 40.9%) initial drill intersections show 200m thick magnetite mineralised beds 3,500 line km of heli borne EM done to define magnetic sedimentary horizons drill targets through October - November $500k budget in 2010 www.minotaurexploration.com.au 26
  • 28. Exploration - Mutooroo Fe MINOTAUR EXPLORATION 2 RC holes drilled to 200m. Program for H2 2010: ★ low level Heli-Mag data acquisition - completed in August ★ 10 x RC & Diamond holes planned along 40km strike extent of magnetised beds ★ Beneficiation testing ★ estimate size of Exploration Target ★ Scoping Study www.minotaurexploration.com.au 27
  • 29. Exploration - Mutooroo Fe MINOTAUR EXPLORATION 08RCMUT-­‐02 08RCMUT-­‐01 www.minotaurexploration.com.au 28
  • 30. Exploration - Mutooroo Fe 3D ground Magnetic Intensity shells MINOTAUR EXPLORATION 08RCMUT-­‐02 08RCMUT-­‐01 MUT02: 114m 20% DTR Fe with DTRC grade of 69.7% Fe www.minotaurexploration.com.au 29
  • 31. Exploration - Tunkillia gold project MINOTAUR EXPLORATION MEP 54.75% (Helix Resources 45.25%) 803,000 oz JORC resource established multiple targets within 5km radius tested 4 targets in June (RC; 1650m) validated biogeochem method (gold in plants) as a viable exploration tool refer ASX release dated 30 June ’10 80km extents of Yarlbrinda shear zone remain untested www.minotaurexploration.com.au 30
  • 32. Commercialisation - Poochera Kaolin MINOTAUR EXPLORATION Granite decomposes to granitic kaolin through tropical weathering ! Finished product size is 92% passing 2 microns. World consumption of highest quality ‘China Clay’ exceeds 10 million tonnes per year. Used in plastics, paints, paper coatings, tyres www.minotaurexploration.com.au 31
  • 33. Commercialisation - Poochera Kaolin MINOTAUR EXPLORATION MEP 100% 20Mt Inferred Kaolin resource 5m - 50m below surface 92% < 2u hydrous kaolin product world class ‘Ultra white’ & ‘Ultra bright’ hydrous kaolin qualities; ISO Reflectance: R457 = 90.7 pilot plant producing world class calcining feedstock; R457 = 92.4 potential for +100kt pa operation for >50 years 100km from Port Thevenard, SA marketing exposure from October, leading to preliminary Offtake discussions leads into 2011 Pre-feasibility study www.minotaurexploration.com.au 32
  • 34. and to conclude...... MINOTAUR EXPLORATION Mi not aur, a di v ers e port fol i o wi t h pl ent y of zi ng www.minotaurexploration.com.au 33