The Eloise tenements are subject to a farm-in joint venture with OZ Minerals Ltd (ASX : OZL), operating from April 2016. OZ Minerals is funding work programs and Minotaur is manager and operator. During 2016 OZ Minerals expended $2M on the tenements.
The Lexington exploration licences (EL’s) cover portion of the highly prospective Grampians-Stavely and Stawell Zones in western Victoria.
Exploration objectives are IOCG and ISCG style copper-gold mineralisation and Cannington-style silver-lead-zinc mineralisation in the concealed eastern portion of the Mt Isa Block where basement units are overlain by cover sediments ranging up to more than 100m thick.