andrew woskett presentation to 2012 broken hill symposium

11
Clarity of Purpose Broken Hill Symposium, 21 May 2012 Andrew Woskett Managing Director

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Page 1: Andrew Woskett Presentation to 2012 Broken Hill Symposium

Clarity of Purpose Broken Hill Symposium, 21 May 2012

Andrew Woskett Managing Director

Page 2: Andrew Woskett Presentation to 2012 Broken Hill Symposium

MEP Facts

Metrics as @ 30 April 2012

Market Capitalisation @ 19.5c $20 million

- Cash in Bank $4.5 million

- Value of Investments in ASX listed explorers $5 million

= Enterprise Value of Projects and tenements $10.5 million

Issued Capital 103.6 million fpo

1 Year Price Range $0.12 - $0.26

Last Price (18 May 2012) $0.17

Page 3: Andrew Woskett Presentation to 2012 Broken Hill Symposium

MEP relative performance

All Ords

MEP

2011 2012

All Ords

MEP

Page 4: Andrew Woskett Presentation to 2012 Broken Hill Symposium
Page 5: Andrew Woskett Presentation to 2012 Broken Hill Symposium

Minotaur’s corporate platform

Forecast Cash§ as @ 30 June 2012 $13 million

sales programme of non-core assets is underway

anticipate cash level will be reflected in share price

creates an ability to do deals and take advantage of

softening market conditions for junior companies

further leverage asset values through more trade sales over

next 12 months

and strengthen Balance Sheet

§ subject to Completion of sale of tenements to BHPB (refer ASX release dated 23 April 2012)

Page 6: Andrew Woskett Presentation to 2012 Broken Hill Symposium

2012 Directions

WE WILL INCREASE OUR FOCUS ON:

Cloncurry IOCG prospects;

Drill testing now starting

Actively generating new geophysical targets

New JV farm-in agreements will be sought

Continue to aggregate the Cloncurry footprint

other IOCG opportunities - being reviewed

Gold project development opportunities, where supported by

JORC resources and prospectivity

new Base metal Joint Venture farm-in agreements

Page 7: Andrew Woskett Presentation to 2012 Broken Hill Symposium

2012 Directions

WE WILL CONTINUE TO REALISE VALUE THROUGH ASSET LEVERAGE:

Build value in our suite of industrial minerals assets through

resource upgrades and end-product definition

Divestment of industrial minerals assets when an attractive RoI

can be achieved (eg: Kaolin, Gypsum, Halloysite)

Encourage consolidation of Braemar Iron Formation magnetite

projects in the Mutooroo area, or

sale of the Muster Dam JORC resource to a downstream

consumer or major project investor, after finalisation of Scoping

Study

Page 8: Andrew Woskett Presentation to 2012 Broken Hill Symposium

Cloncurry, Qld, IOCG Projects JOGMEC JV

500km2 tenement package

JOGMEC spending $4M to earn 51%

Priority geophysical drill targets such as:

COTSWOLD

Located on old Mining Lease held for 30 years

Has similar amplitude magnetic anomaly as

Ernest Henry 20km to south-east

Target is ready to drill

Landowner access impediments being sorted

MEP 100%

3,000km2 of tenure around Osborne & Eloise

Drill ready geophysical targets such as CAMEL

WELL & ORINDI PARK associated with strong

historical Cu-Au intersections

Diamond drilling to commence this Quarter

Page 9: Andrew Woskett Presentation to 2012 Broken Hill Symposium

Cloncurry, Qld, IOCG Projects OSBORNE COPPER CENTRE

Ivanhoe’s Copper Concentrator is now operating

IVA’s mine camp ‘Kulthor’ mineralised structures

appear to extend south into Minotaur’s tenement

Kulthor represents a priority EM target to gauge

its potential strike into Minotaur’s adjacent ground

Page 10: Andrew Woskett Presentation to 2012 Broken Hill Symposium

Disclaimer This presentation has been prepared by the management of Minotaur Exploration Limited (ASX: MEP) for the general benefit of

analysts, brokers and investors and does not constitute specific advice to any particular party or persons. Information herein is

based on publicly available information, internally developed data and other sources. Where an opinion, projection or forward

looking statement is expressed in this presentation, it is based on the assumptions and limitations mentioned herein and is an

expression of present opinion only. No warranties or representations are made or implied as to origin, validity, accuracy,

completeness, currency or reliability of the information. MEP specifically disclaims and excludes all liability (to the extent permitted

by law) for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connection

with the information, its accuracy, completeness or by reason of reliance by any person on any of it. Where MEP expresses or

implies an expectation or belief as to the success of future exploration and the economic viability of future project evaluations,

such expectation or belief is expressed in good faith and is believed to have a reasonable basis. However, such projected

outcomes are subject to risks, uncertainties and other factors which could cause actual results to differ materially from projected

future results. Such risks include, but are not limited to, exploration success, metal price volatility, changes to current mineral

resource estimates or targets, changes to assumptions for capital and operating costs as well as political and operational risks and

government regulatory outcomes. MEP disclaims any obligation to advise any person if it becomes aware of any inaccuracy in or

omission from any forecast or to update such forecast.

Information in the foregoing presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on

information compiled by Dr A. P. Belperio, who is a Director and full-time employee of the Company and a Fellow of the

Australasian Institute of Mining and Metallurgy. Dr A. P. Belperio has a minimum of 5 years experience, which is relevant to the

style of mineralisation and type of deposit under consideration and to the activity that he is undertaking, to qualify as a Competent

Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore

Reserves”. Dr A. P. Belperio consents to inclusion in the presentation of matters based on his information in the form and context

in which it appears.

Competent Person’s Statement

Page 11: Andrew Woskett Presentation to 2012 Broken Hill Symposium

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