Minotaur to take Rover for a walk

MINOTAUR Resources is expanding its reach, selling some Western Australian nickel tenements and signing an option to earn a controlling interest into Andromeda Metals’ Rover project in the Northern Territory with potential for precious and base metals, including copper, gold and cobalt.

Minotaur to take Rover for a walk Minotaur to take Rover for a walk Minotaur to take Rover for a walk Minotaur to take Rover for a walk Minotaur to take Rover for a walk

Minotaur is looking to increase its exploration exposure.

The explorer, which is primarily active in South Australia and Queensland, announced this morning it had inked an option for a potential A$5 million farm-in deal with the Rhod Grivas-chaired Andromeda to "reinvigorate" of the Rover copper-gold project in the Tennant Creek district.
 
The staged farm-in will take place over six years and could see Minotaur earn up to 75% equity, and it will bring a new approach from previous exploration strategies with emphasis on a range of geophysical methodologies.
 
Minotaur's first on-ground exploration at Rover will commence next week with a trial electromagnetic survey to be undertaken to determine if the technique has application in the Rover field.
 
The ...

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