🕐21.06.10 - 08:56 Uhr

Minotaur Exploration Limited [MEP] - Mutooroo Iron: a significant Magnetite iron
discovery near Broken Hill



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Minotaur Exploration Limited [MEP] - Mutooroo Iron: a significant Magnetite iron discovery near Broken Hill

Highlights:
* Processing of airborne magnetic data reveals extensive, multiple magnetic anomalies in the Mutooroo area, 70km southwest of Broken Hill
* Geophysical mapping identifies over 40km strike length of magnetite-rich sediments of the Braemar Ironstone within EL 3745
* High-resolution ground magnetic surveys confirm multiple magnetite-bearing horizons
*The first two RC drill holes reveal extensive magnetite mineralised beds, up to 115m thick, with an average primary iron content of 20%
* Inaugural Davis Tube Recovery tests produce a mass recovery of 21.8% magnetite and magnetite-rich concentrates with average grade 69.3% Fe


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