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20.5¢ minotaur exploration ltd

Eloise change of ownership, page-9

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10,625 Posts.

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17/09/21

11:03

Post #: 56143340
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Originally posted by HarryKane ↑

Hey EW101,

I spoke to AW about a year ago. He said OZL was reluctant to put in a decline to allow for drilling between 600-900m depth. The resource is tiny and I can't understand why OZL doesn't just walk away. A deal with the new owners of Eloise makes sense.

Here's an extract from MEP's website:

Drilling into Jericho’s EM plates through 2018-2019 by the Jericho JV (OZ Minerals 80% and Minotaur Exploration 20%) defined Jericho’s two main sub-parallel lodes (J1 and J2, about 120 metres apart). J1 has known strike of 3.7km and J2 has 3km of strike extent. 96 holes for 29,740m probed Jericho to 400-600m depth.

Minotaur’s considered view is that the system warrants down-dip and strike extent drilling to quantify resource extensions.

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@HarryKane , with respect was this really worth 28m MEP shares ?

Right b4 the games are about to start.

IMO it's a no.

MEP Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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