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OZ Minerals and Minotaur Exploration have mutually decided to end an exploration collaboration in the Prominent Hill area of South Australia.
Minotaur Exploration Ltd (ASX:MEP) has a portfolio of exploration projects in Australia, including an alliance with Oz Minerals (ASX:OZL) in South Australia, near the Prominent Hill copper-gold mine.
Alt Resources Ltd (ASX:ARS) has entered an agreement to acquire the Chameleon gold deposit and associated tenements in the Eastern Goldfields of Western Australia. Chameleon has a JORC 2012 resource of 1.1 million tonnes grading 2.1 g/t gold for 77,000 ounces of gold. The Chameleon deposit has substantial exploration upside, including numerous drill-ready targets. James Anderson, CEO, commented: “Chameleon is an undeveloped asset with oxide open pit potential and exploration upside.
Minotaur Exploration Ltd (ASX:MEP) has been granted a trading halt by the ASX, with its shares placed in pre-open. Minotaur requested the halt to enable the company to review the drilling data and to prepare a suitable release to the market. The halt will remain in place until the opening of trade on Tuesday 27th September 2016, or earlier if an announcement is made to the market.
Minotaur Exploration Ltd (ASX:MEP) has exploration tenements in South Australia, New South Wales, Victoria, Queensland and the Northern Territory.