pix – Minotaur JV Eloise drilling

Multiple Copper intersections at ‘Jericho’, Eloise JV, Cloncurry

Minotaur Exploration Ltd (ASX: MEP, ‘Minotaur’) provides a drilling update for the Eloise JV, northwest
Queensland. Three additional holes at Jericho and one hole each at Arlington and St Louis are complete, all
testing electromagnetic (EM) anomalies located 5-13km south of the Eloise copper-gold mine.

Jericho comprises multi-plate EM conductors with the main J1 and J3 conductive zones covering a combined 8km of strike. Three stepout holes are complete, having tested J1 and J2 conductors in the central part of Jericho, adjacent to earlier hole EL17D06 that assayed 27m @ 2.42% Cu and 0.71g/t Au1. All three newer holes intersected copper mineralisation at both J1and J2 conductors. A single hole was placed north and south along strike from EL17D06, plus one holeup-dip of EL17D06. The step out distance of 150m each side of EL17D06 is relatively wide, aimed at
scoping out the potential scale of the central portion of Jericho.This scout drilling intersected copper sulphide2 mineralisation over a combined 600m of strike (300m each on both J1 and J2).

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