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Minotaur Exploration Ltd, Exploration JV Initiated at Newly Acquired Eloise Cu-Au Project


-  Minotaur moves rapidly to capitalise on takeover of Breakaway Resources Ltd

-  New joint venture over Breakaway’s Eloise copper-gold tenements commences field work

-  Eloise JV earn-in program of $6 million over 4 years

-  First year Eloise JV commitment of $1.7 million implemented

-  1,000 line kilometre airborne VTEM survey underway immediately west of Eloise
copper-gold mine.

Eloise Joint Venture

Joint venture activities on the Eloise copper-gold project near Cloncurry, Queensland have commenced. The Eloise Project was acquired by Minotaur as a result of its recent takeover of Breakaway (refer ASX announcement dated 21 October 2013).

This is the first of two new earn-in joint ventures facilitated by Minotaur over Breakaway tenements.

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