Minotaur Exploration Ltd Competitive exploration expenses against peers
Competitive exploration expenses against peers: Minotaur Exploration Ltd (ASX: MEP), a company in mineral sector, reported that they incurred an administration expense of only 15c for each $1 of exploration expense. MEP invested $5.6 million on total exploration investment and is aiming to maximize their exposure to exploration success. The group forecasts to incur $6 million to its projects through 2017 given its solid joint venture arrangements, which comprised 72% of the project activity in 2016. Among various exploration activities, the group is exploring along the Cloncurry mineral belt in Queensland and announced for first assays for Iris copper prospect. Then 2.7 km conducive trend at Eloise JV and copper-gold potential confirmation from Iris-Electra results, were other developments during the December quarter. Meanwhile, MEP stock fell over 36.67% in the last three months (as of January 25, 2017) placing them at attractive levels.
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