Proactive Investors - Run By Investors For Investors

Minotaur Exploration steps up to 8 million tonne measured kaolin resource

Minotaur Exploration steps up to 8 million tonne measured kaolin resource

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.

View full MEP profile View Profile

Minotaur Exploration Ltd Timeline

Related Articles

Pozzolan
January 21 2019
Analysts at SVS said they think Sunrise offers “a clearly defined strategy focused on generating near-term cash flow together with value-enhancing minerals discoveries”
Breaking first ground at the HPA plant site
August 10 2018
Stage I construction at Johor site kicks off with a geotechnical drilling and ground survey program.
Lithium brine evaporation ponds at Rincon project
April 09 2019
The company’s lithium hydroxide exceeded battery-grade standard in lab tests and may provide a complementary production strategy.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use