Feb 18 (Reuters) - Minotaur Exploration Ltd MEP.AX :
* MINOTAUR EXPLORATION & OZ MINERALS' CLONCURRY ALLIANCE ESTABLISHED JV HEADS OF AGREEMENT WITH SANDFIRE RESOURCES LTD
* AGREEMENT OVER EXTENSIVE SANDFIRE TENEMENT GROUP NEAR CLONCURRY, QUEENSLAND
* JV REQUIRES CLONCURRY ALLIANCE TO INVEST $1 MILLION IN EXPLORATION IN FIRST YEAR
* CLONCURRY ALLINCE MAY EARN INITIAL 51% TENEMENT INTEREST BY SOLE FUNDING FURTHER $3 MILLION THROUGH NEXT 2-YEAR PERIOD
* TO ATTAIN MAXIMUM INTEREST OF 75% OVER 5 YEARS CLONCURRY ALLIANCE MUST INVEST $8 MILLION
* OZ MINERALS TO CONTRIBUTE ALL REQUIRED EXPLORATION FUNDING UP TO $4 MILLION OVER 3 YEARS