Strong support for a capital raising exercise will allow Minotaur Exploration to continue exploration at its Queensland projects.
The company has a total of $1.9 million to spend following a share purchase plan which closed recently.
It said total proceeds would be used to progress exploration across its Queensland projects.
Among Minotaur’s projects in Queensland are the Eloise joint venture with OZ Minerals, the Highland Project about 50km east of Mount Isa, the Windsor tenements about 60km south of Charters Towers and the Osborne project, in partnership with Japan Oil, Gas and Metals National Corporation, about 175km south of Cloncurry.
Minotaur is also looking to form a joint partnership with interested parties to explore around the Cloncurry area.