Minotaur Exploration sells gypsum resource

Published: Thursday, 23 October 2014

The sale will enable Minotaur to continue towards commercialisation of its mineral assets such as kaolin, halloysite and silica sand. A port study clause is included within sale of the Australian miner’s gypsum deposit in Lake Purdilla, and should construction of the port go ahead, Minotaur would have access to the facility.

By Wayne Yamada

ASX-listed Minotaur Exploration Ltd has agreed a sale of its Lake Purdilla gypsum deposits in a deal worth A$4.8m ($4.2m*), which also includes a port study for the export of minerals.

Minotaur set an initial exploration target of 50-60m tonnes, at 85-90% gypsum, for...

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