roxby downs

HIGHLIGHTS
• The Company, its wholly-owned subsidiary Minotaur Operations Pty Ltd (‘MinOps’),
BHP Billiton and Billiton Exploration Australia Pty Ltd (‘BEA’) have executed a
binding Sale and Purchase Deed (‘Agreement’).
• The Agreement encompasses the sale to BHP Billiton of 5 of MinOps’s exploration
tenements covering 2,555 km2 in the Gawler Craton and proximal to the Olympic
Dam mine ie: ELs 3761, 3762, 4762 and 4763 and ELA 2009/00074 (‘Roxby Downs
area tenements’).
• Upon Completion, BHP Billiton will pay Minotaur A$10,000,000 in cash and BEA
will transfer to MinOps its interest in EL 4745 (‘Bonython Hill’).
• As part of the transaction, Toro Energy Ltd (‘Toro’, ASX: TOE) and its wholly-owned
subsidiary Minotaur Uranium Pty Ltd (‘MU’) have agreed to cancel their rights to
Uranium minerals in ELs 3761 and 3762 and EL 4745.
• Completion remains subject to Ministerial Consent to renewal and transfer of
the tenements.