Minotaur Exploration
Minotaur Exploration (ASX: MEP) has exploration tenements in South Australia, New South Wales, Victoria, Queensland and the Northern Territory.
Minotaur Exploration steps up to 8 million tonne measured kaolin resource
Wednesday, February 08, 2012 by Bevis Yeo
Minotaur Exploration (ASX:MEP) now has increased confidence in its Carey’s Well kaolin deposit in South Australia after delivering a maiden measured resource of 8 million tonnes of kaolin.
The resource, which is contained within 16.3 million tonnes of kaolinised granite at 49% kaolin, was a result of infill drilling carried out in 2011 at the Carey’s Well kaolin deposit and sample processing through Minotaur’s own purpose built pilot plant that is installed nearby.
Minotaur added the measured resource remains open to both the southeast and the northeast with further close-spaced drilling required to fully define northern, southern and eastern limits of the resource.
Carey’s Well is one of the deposits located at the company’s 100% owned Poochera Kaolin project.
Minotaur plans to install additional equipment including a pilot plant scale rotary calcining kiln and an Alpine-Hosokawa classifier mill plus ancillary equipment at its pilot plant in the current quarter.
Once this is commissioned, the company will move ahead with calcining trial’s of Carey’s Well bulk samples.
The Poochera kaolin deposits are located about 100 kilometres southeast of Ceduna and 45 kilometres east of Streaky Bay.
Minotaur had A$1.5 million in cash as of the end of 2011 along with just under A$5.1 million in investments in other ASX-listed companies.
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