MEP - Minotaur Exploration

[77TRADER77]

MEP looks like a dynamic stock to observe closely this week.
CBH have similar profile and are going places despite this Mid Feb correction putting MEP squarely under notice.
MEP for Stock Tipping Competition this month?

 

[Dollarman]

MEp

Any1 have an opinion why MEP is lagging behind TOE???or is the market yet to catch up with MEP???

 

[noirua]

A report on Minotaur Exploration in an interview with Chief Geologist, Mr Tony Belperio: http://www.brr.com.au/event/MEP/999/9117

Additional interest was the raising of Oxiana's holding in MEP from 9.29% to 11.21%, and the placement of 4,481,746 shares at 63 cents, both in June this year.

 

[noirua]

MEP's latest drilling announcement: Cormorant Prospect EPM8608 ( Bendigo Park ), for copper and gold, three holes to be drilled to a depth of 300 metres; Black Mountain EPM14432, Molybdenum and gold, 10 holes to a depth of 100 metres; and Nonning, base metal target, Oxiana funded drill hole to a depth of 300 metres.

 

[noirua]

MEP have discovered Molybdenum and Tungsten between Townsville and CharterTowers in Queensland: http://www.asx.com.au/asxpdf/20061023/pdf/3z456q4shp25d.pdf

 

[noirua]

MEP are up this morning in very light trading, hopefully, the recent finds, Presentation, AGM and 1st Quarterly should gather interest.

 

[noirua]

Exploration update: http://www.asx.com.au/asxpdf/20061201/pdf/3zx8kd13wlwcx.pdf

 

[dealer]

Its been a While since this one has had a mention.....
I see the Company has "Requested a Suspendtion from Quotation"
Does anyone have anything?
I have been holding since June.

 

[springhill]

MC - $17m
SP - 16.5c
Shares - 103m
Options - 9m
Cash - $14m

CORPORATE
• Completed the sale of 5 tenements to BHP Billiton and received net $9.5 million cash.
• Cash on hand was $14.075 million.
• Initiated a review of Australian gold projects representing potential acquisitions.

PROJECT DEVELOPMENT
• Confirmed exceptionally high brightness values for new calcine products from Carey’s Well kaolin deposit near Poochera, SA.
• Finished developing market presentation samples of Carey’s Well ‘bright white’ kaolin.

EXPLORATION
• A globally-significant Exploration Target of 570 to 810 million tonnes of white kaolinised granite was determined for several deposits within the Company’s Poochera Kaolin project.
• Copper-gold drill target modeling and prioritisation for the Minotaur-JOGMEC Cloncurry joint venture was finalised ahead of a major drill programme. Drilling is underway.
• The Arthurville (NSW) base metals exploration agreement was initiated.
• Signed an Option to Purchase the Copper Lake IOCG target in Nova Scotia, Canada where historic mining extracted high-grade chalcopyrite.

INVESTMENTS
Minotaur maintains exposure to a diverse range of minerals exploration and energy prospects through its holdings in junior listed companies, thereby leveraging its capital employed through proxy exploration while, at the same time, containing its own workforce and administrative regimes.
At the end of June those investments were valued at market at $4.102 million


The MC:Cash ratio alone makes this one that is a "must watch". Some pretty handy investments in some specs.

 

[burglar]

...
• Completed the sale of 5 tenements to BHP Billiton and received net $9.5 million cash.
...

BHP also bought tenements from Archer Res. (AXE)


I guess they don't like the neighbours! :

 

[springhill]

DRILL GRANT ACCELERATES DRILL PLAN AT COPPER LAKE, NOVA SCOTIA

Minotaur Exploration announce that plans to drill test the Copper Lake Iron Oxide copper-Gold (IOCG) target in Nova Scotia have been accelerated, with drilling scheduled to commence on 17th September.
The Company and tenement owner have jointly been awarded a $50,000 grant under the Nova Scotia Mineral Incentive Program.
The grant , through the Mineral Resources Branch of the Nova Scotia Department of Natural Resources, will, support 50% of eligible costs related to geophysical surveys and drilling of the Copper Lake IOCG target.

I am really keen on MEP, already had a couple of spikes over 20c in the last week. Positive results would have a massive impact on SP.

 

[springhill]

POOCHERA KAOLIN PROJECT MOVES INTO MARKETING PHASE

Minotaur has started internationally marketing products from the Company’s wholly-owned Poochera kaolin project on the west coast of South Australia’s Eyre Peninsula. The decision, Minotaur says, takes Poochera, 50 kilometres east of Streaky Bay, into an “important new phase”.
It follows successful processing of raw material from Poochera through the Streaky Bay pilot plant. The project has five kaolin deposits, Carey’s Well, Condooringie Well, Karcultaby South, Tomney and Tootla.
The test program yielded a range of hydrous and calcined product samples from Carey’s Well for market evaluation.

Minotaur’s Managing Director, Mr Andrew Woskett said: “With those successful results in hand, Minotaur is now able to assess the commercial market’s appetite for high quality kaolin products from Carey’s Well, leading to identification of a project development partner with kaolin marketing and/or consumer credentials.
“The diversity of product options and variety of end users in the kaolin market means that introduction to the project of a partner with established distribution networks and a customer base could shorten Poochera’s development timeline. The target markets are those at the high value end of the market, commanding in excess of US$500 per tonne of refined product.
“Analyses of recent pilot plant output, including calcined kaolin produced from the kiln facilities installed earlier this year, further confirms the purity and exceptional brightness and whiteness of Carey’s Well kaolin and its potential for use in high value kaolin markets, such as paints, paper coatings, polymer indutries and special ceramics.”

 

[burglar]

I know these are good guys by the actions in their past.


"The Prominent Hill copper-gold deposit was discovered in 2001 by Adelaide based Minotaur Exploration Limited and has been the stand-out green fields discovery of the decade in Australia."

 

[burglar]

On 29/08/14

More high-grade results at Artemis Cu-Au discovery:

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01547979

 

[burglar]

Disclosure: I am holding!

 

[pixel]

Disclosure: I am holding!

jolly good, burglar
A minute ago, I posted my analysis in your other thread, "brush with t/a"
I didn't get on board just yet due to lack of volume. And my portfolio is rather full at the moment, considering the general uncertainty in the Market.

 

[burglar]

... I didn't get on board just yet due to lack of volume ...

My analysis:
I jumped on them early, hoping momentum would arrive!
(its called bottom-picking and is not recommended, not even by me!) :


No sign of momentum or volume.
It looks like sideways for the moment!

I think I am in for a little bit of pain.

 

[burglar]

... a little bit of pain ...

One week on.
Do si do.

 

[burglar]

Latest report:
"High-grade mineralisation continues at Artemis"

Announcement here:

 

[burglar]

Latest report:
"High-grade mineralisation continues at Artemis"

Announcement here:

Now that the Cap. Raising is behind us, it is time for some positive reporting to repair the damage!

INNOVATION GRANT FOR NEW KAOLIN PRODUCT DEVELOPMENT


Announcement