Fortbridge Media Release

Minotaur Exploration Limited [MEP] - Minotaur: New Copper-Gold Targets at Osborne Project

Minotaur Exploration Limited (ASX:MEP) has declared new Copper-Gold Targets at Osborne Project with geophysical surveys currently underway across a number of targets and tenements at Minotaurs Osborne project, ~150 km south of Cloncurry, are producing positive results.

IP and gravity surveys identified new IOCG style exploration targets within sulfide-rich and/or hematite-rich settings at Osprey, Brolga and Wedgetail. Survey work continues at Bustard, Ibis and Crane.

IP surveying at the Osprey prospect has now tracked two key targets southwards for over 800 m. Four positive chargeable anomalies were recorded, with the strongest being the eastern most anomaly.

These anomalies are believed to represent southward extensions of known mineralisation at and around Ivanhoe Australias (ASX:IVA) Kulthor Mine. Two reconnaissance IP survey lines at the Wedgetail prospect have been completed and a positive anomaly recorded on the eastern line.

An associated detailed gravity survey has also been completed and assessment and integration are in progress.

A regional gravity survey over the Bustard, Ibis and Crane prospects is in progress and is expected to be completed in approximately one week. Diamond drilling to test the chargeable targets is planned for late in the current quarter.

NOTE: IP chargeability is a geophysical technique for probing the subsurface to detect potential zones of disseminated base metal mineralisation through their electrical response. Gravity surveying is a geophysical technique that maps the subsurface distribution of rock density and is useful for targeting as mineralised bodies are usually denser than the host rocks that contain them.

Please click on the link below for more details.

For further information, please contact:

Andrew Woskett
Managing Director

or

Dr. Tony Belperio
Director, Business Development
Phone: +61 8 8132 3400

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