Tuesday, 15 January 2013 14:16
Junior explorer Minotaur Exploration has strengthened its management team on the back of a renewed focus on new value-adding acquisitions and joint ventures.
Minotaur director Dr Tony Belperio has been appointed executive director, business development with responsibility for the company’s ongoing assets sales, bringing in new projects and securing new joint venture partners in Minotaur’s exploration and development projects.
Ian Garsed has been elevated to general manager, exploration with full responsibility for the company’s exploration programs. He has previously worked as an exploration management consultant in base metals, gold, uranium and iron ore.
The company said it anticipates opportunities to arise during the year as difficult funding conditions lead others to divest exploration, development or near mine-ready projects.
Minotaur started the year strongly with about $10 million in the bank.
“We plan to be acquisitive over the coming year,” Minotaur managing director Andrew Woskett said.
“The management structure aligns with our strategic aims of increasing our exploration exposure to copper and gold while reducing our involvement in kaolin, gypsum and iron ore.
“The new business development stream is tasked to identify and acquire core mineral assets that can be readily advanced to resource status or maiden commercial production.”
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