MEP - Minotaur Exploration

[xinyucao]

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

I bought in yesterday. Mep is building support in my opinion. Go MEP!

 

[burglar]

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

Exceptional copper-gold values in Artemis drilling

Latest report here:

Disclosure: I am holding

 

[burglar]

Drill Testing Nickel Sulphide Targets Completed At Leinster

Latest report here:

Disclosure: I am holding

 

[burglar]

Artemis Drilling Delivers Excellent Copper-Gold-Zinc Results:

Latest Announcement

 

[burglar]

Anomalous Zn,Cu & Au intersected at JV, Cloncurry

Here:



Disc. Holdin'

 

[Telamelo]

Artemis Drilling Delivers Excellent Copper-Gold-Zinc Results:

Latest Announcement

Minotaur Exploration Ltd drills to define a gold resource at Chameleon project

Friday, June 10, 2016 by Proactive Investors


Cashed up Minotaur Exploration Ltd (ASX:MEP) will look to define a gold resource and test extensive historic gold intercepts from a drill program at the Chameleon gold deposit near Kalgoorlie in Western Australia.

Chameleon was drilled by WMC, Forrestania Gold, Scotia Nickel and Aphrodite Gold (ASX:AQQ) there is a sense the geology and controls on mineralisation may not have been understood fully.
Minotaur will seek to change that with a 12 hole reverse circulation drilling program.

Minotaur has re-compiled all available historic drill information and produced a wireframe of the mineralised envelope.

This shows that significant gaps in historical drilling exist where gold could occur given the coherent nature of the envelope.

Minotaur’s 1300 metre program aims to increase data coverage and extend the known strike of gold mineralisation.

Meanwhile, drilling is underway at the Eloise JV by Minotaur’s farm-in partner OZ Minerals Ltd (ASX:OZL), over Minotaur tenements south-east of Cloncurry, Queensland.

OZ Minerals will sole fund an initial $1.5 million for exploration, with the option to earn a 70% beneficial interest in the tenements by investing a total of $10 million over 6 years.

Minotaur’s share price has increased by about 43% during the last three months.

The company held $4.3 million in cash as at 31 March 2016 and listed investments of $0.9 million.

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Seems like a worthwhile punt this one imo but please dyor as always

Cheers tela

 

[tinhat]

Hehe, these speckie prospects are a tale told over many acts. I got me some of these recently just on spec. argh.

 

[finicky]

Minotaur (MEP)

Completed over subscribed placement and SPP @ 5c in August and September. Might still be working that off but the monthly price chart looks prospective. High volume September, monthly price pierced rising Bollinger, some divergence showing up in indicator.

A long time Tony Locantro pick. September's volume interest seems to come more from the successful capital raisings than the late September pre feasibility from its funding jv partner, Andromeda Minerals (ADN), concerning their shared S.A Kaolin deposit. Final feas expected to come end of 2020. If the thing is built the chair of MEP claims it'll be worth $20m annual EBITDA to MEP for its 25% share when it gets up to full speed for a 26 year mine life. Believe it if you will. Minotaur's market cap is $34m with maybe $9m cash? Plus MEP gets dribbles of money here and there from State Govt grants and jv partners. Costs $3-4m a year in losses to keep the exploration show going.

Not Held
Sentiment: wait to see if stale 5c subcribers sell it down more. Or maybe a crash vulture stock.

Monthly

 

[tinhat]

As of today I've almost doubled my money on this. Bought it as a ADN arbitrage opportunity and because there was an inverted head and shoulders formation on the chart indicating a potential move up. Kicking myself I didn't by more in the recent share purchase plan. Ah, the benefit of hindsight!

 

[finicky]

Even better finish this week!

2 Year Weekly

 

[Dona Ferentes]

As well as copper gold and other explorations projects, Minotaur Exploration Limited (ASX: MEP) is involved in the Great White Kaolin Project, a Joint Venture with Andromeda Metals Ltd (ADN), in which MEP holds a 25% equity interest.

Summary of the most recent update :

▪ Great White Kaolin Project declared a New Mine for royalty determination purposes under section 17A of the Mining Act 1971 with a consequent reduced state royalty rate of 2% to apply on minerals produced to 30 June 2026.
▪ Mining Lease Application submission is on schedule to be submitted in February 2021.
▪ Definitive Feasibility Study (DFS) progressing steadily with various options being evaluated that will maximise returns with minimal risks.
▪ Origin Capital Group appointed to assist with Bankable Feasibility Study (BFS) corporate finance considerations.
▪ Meetings with identified customers in progress to formalise offtake agreements.
▪ Progress made at the Camel Lake high-purity halloysite prospect with an initial site inspection of targeted areas conducted with traditional owners and anthropologist.
▪ Halloysite nanotechnology funding efforts doubled to include eighteen research areas to be undertaken by the University of Newcastle’s Global Innovative Center for Advanced Nanomaterials (GICAN) through Natural Nanotech Pty Ltd, a jointly owned entity with Minotaur Exploration

Minotaur's market value appreciated significantly through the Quarter reflecting its 25% equity in the Great White Kaolin JV with Andromeda Metals (ASX: ADN). Andromeda's capitalisation culminated at ~$600 million, that suggesting the market values 100% of the project at ~$800 million, while Minotaur contemporaneously was capitalised at ~$82 million.

Directors reasonably postulate that the Minotaur share price offers substantial upside potential.

Minotaur expects issue of the project definitive feasibility study in the first half of 2021, supported by firming commitments to product offtake, will better inform project valuation.

--- anyone want MEP for the Feb tipping comp?


ADN (dark blue) and MEP (light blue)

 

[finicky]

11c now
Has fallen through a few levels of support, including today, down 12% on firm volume.
The daily looks oversold but the weekly and monthly do not.
Might be too much profit locked up here for short termers, harking right back to the 5c capital raising.

Daily

 

[finicky]

Something up with MEP? Probably the Quarterly report from 2 days ago has stirred interest - I haven't read it.

Daily - 3 days of higher positive volume, 2 strong candles with gap up today

 

[Dona Ferentes]

MEP is in a Trading Halt; requested in light of a pending material announcement regarding a possible change of control transaction involving the Company.

As well, ADN in a Trading Halt pending an announcement regarding a corporate transaction and an update on the Great White Kaolin Project.

 

[Dona Ferentes]

as expected... MEP trading up 40% but below the offer. Now 18c

Andromeda (A4N) and Minotaur (MEP) to Combine

• Creating a Leading Australian Industrial Minerals and Technology Company
• Minotaur Shareholders to Participate in New Minerals IPO

Andromeda and Minotaur to create a leading Australian kaolin/halloysite and technology company by consolidating 100% ownership of the Great White kaolin project and Natural Nanotech into Andromeda

Andromeda to acquire Minotaur via a unanimously recommended off market takeover offer with 1.15 new Andromeda shares offered for every 1 Minotaur share

The offer values Minotaur at 20.8 cents per share representing a:

• 59.8% premium to last close of Minotaur shares on 8 November 2021
• 55.1% premium to 5-day VWAP
• 67.6% premium to 30-day VWAP

Minotaur shareholders will own approximately 19.5% of Andromeda post the Offer being fully implemented.

Andromeda... will become a company with enhanced scale and market relevance, with an implied market capitalisation of $552 million (prior to any re rate) and where the all scrip consideration of the Offer will preserve Andromeda’s strong balance sheet which has current cash of $46 million and nil debt (as at 30 September 2021).

 

[Dona Ferentes]

ADN now has 46% of MEP stock, according to the latest Change of Interest notice

 

[System]

On March 9th, 2022, Minotaur Exploration Limited (MEP) was removed from the ASX's official list in accordance with Listing Rule 17.14, following compulsory acquisition of its remaining securities by Andromeda Metals Limited (ADN).