Mutooroo Magnetite Project Mutooroo Magnetite Project Inferred Resource Estimate of the Muster Dam Magnetite Fe Deposit 2 nd December 2011 Andrew Burtt, Project Geologist 8 th SA Exploration and Mining Conference Adelaide, SA Inferred Resource Estimate of the Muster Dam Magnetite Fe Deposit 2 nd December 2011 Andrew Burtt, Project Geologist 8 th SA Exploration and Mining Conference Adelaide, SA
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Mutooroo Magnetite ProjectMutooroo Magnetite ProjectInferred Resource Estimate of the
Muster Dam Magnetite Fe Deposit2nd December 2011
Andrew Burtt, Project Geologist8th SA Exploration and Mining Conference
Adelaide, SA
Inferred Resource Estimate of theMuster Dam Magnetite Fe Deposit
2nd December 2011Andrew Burtt, Project Geologist
8th SA Exploration and Mining ConferenceAdelaide, SA
Maiden JORC Inferred ResourceMaiden JORC Inferred Resource
1.5 Billion Tonnes @ 15.2% DTR and 18.02% Fe (Head)at 10% DTR cut-off
Exploration TargetExploration TargetTarget Area No of
BandsStrike (km) Thickness
(m)Volume (Bill m3) Tonnage (Bt)
Muster Dam 1 5.5 to 6.5 100 to 325 0.30 to 0.45 1.0 to 1.5Muster Catch 2 1.7 to 2.3 80 to 150 0.03 to 0.06 0.05 to 0.15Muster South 1 1.7 to 2.3 80 to 120 0.03 to 0.06 0.05 to 0.15Duffield 1 1 3.0 to 3.5 100 to 300 0.09 to 0.13 1.0 to 1.5Duffield 2 2 1.5 to 2.5 80 to 100 0.25 to 0.40 0.1 to 0.3
Surrender Dam 4 3.0 to 3.5 80 to 150 0.10 to 0.15 0.2 to 0.4Totals 16.4 to 20.6 80-325 0.80 to 1.25 2.4 to 4.0
The term “Exploration Target” should notbe misconstrued as an estimate ofMineral Resources and Reserves asdefined in the JORC Code (2004), andthe term has not been used in thatcontext. The term is conceptual in natureand it is uncertain if further explorationwill result in the determination of aMineral Resource. Refer Clause 18 ofthe JORC Code (2004).
FutureFuture JORC statement directly
comparable to that for CAP’s Hawson’s Project 25km distant
Grind optimisation & Scoping Study underway; for completion in February 2012
Measured resource at Muster Dam
Inferred resource at Duffields
AcknowledgementsAcknowledgements
Mutooroo Pastoral Company Sumitomo Metal and Mining Oceania Frank Walsh Drilling Macquarie Drilling ALS Laboratories AMDEL Hellman & Schofield Euro Exploration Minotaur personnel Adelaide University students
DisclaimerDisclaimerThis presentation has been prepared by the management of Minotaur Exploration Limited (ASX: MEP) for the general benefit ofanalysts, brokers and investors and does not constitute specific advice to any particular party or persons. Information herein isbased on publicly available information, internally developed data and other sources. Where an opinion, projection or forwardlooking statement is expressed in this presentation, it is based on the assumptions and limitations mentioned herein and is anexpression 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 permittedby law) for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connectionwith the information, its accuracy, completeness or by reason of reliance by any person on any of it. Where MEP expresses orimplies 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 projectedoutcomes are subject to risks, uncertainties and other factors which could cause actual results to differ materially from projectedfuture results. Such risks include, but are not limited to, exploration success, metal price volatility, changes to current mineralresource estimates or targets, changes to assumptions for capital and operating costs as well as political and operational risks andgovernment regulatory outcomes. MEP disclaims any obligation to advise any person if it becomes aware of any inaccuracy in oromission from any forecast or to update such forecast.
This presentation has been prepared by the management of Minotaur Exploration Limited (ASX: MEP) for the general benefit ofanalysts, brokers and investors and does not constitute specific advice to any particular party or persons. Information herein isbased on publicly available information, internally developed data and other sources. Where an opinion, projection or forwardlooking statement is expressed in this presentation, it is based on the assumptions and limitations mentioned herein and is anexpression 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 permittedby law) for losses, claims, damages, demands, costs and expenses of whatever nature arising in any way out of or in connectionwith the information, its accuracy, completeness or by reason of reliance by any person on any of it. Where MEP expresses orimplies 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 projectedoutcomes are subject to risks, uncertainties and other factors which could cause actual results to differ materially from projectedfuture results. Such risks include, but are not limited to, exploration success, metal price volatility, changes to current mineralresource estimates or targets, changes to assumptions for capital and operating costs as well as political and operational risks andgovernment regulatory outcomes. MEP disclaims any obligation to advise any person if it becomes aware of any inaccuracy in oromission from any forecast or to update such forecast.
Information in the foregoing presentation that relates to Exploration Results, Mineral Resources or Ore Reserves isbased on information compiled by Dr A. P. Belperio, who is a Director and full-time employee of the Company and aFellow 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 isundertaking, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves”. Dr A. P. Belperio consents to inclusion in the presentationof matters based on his information in the form and context in which it appears.