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  • OZ Minerals to earn 75% stake in Benmara Cu-Co Project

    2022-05-17 14:13:09   【Print】
    Australia-based OZ Minerals has agreed to earn a 75% interest in the Benmara Cu-Co Project in the Northern Territory, Australia, from Xavier Resources, a subsidiary of Resolution Minerals.

    Under the multi-year farm-in and joint venture (JV) agreement, OZ Minerals will carry out exploration activities of $1 million over an initial two-year period and an additional $3 million expenditure over a three-year period to earn a 51% stake in the Benmara project.

    Following the acquisition of a 51% stake in the project, a JV agreement is expected to be executed.

    OZ Minerals can earn a 75% interest in the Benmara Project by spending at least $1 million annually over a further period of five years to positive financial investment decision.
    .Asian Metal Copyright Under the multi-year farm-in and joint venture JV agreement, OZ Minerals will carry out exploration activities of $1 million over an initial two-year period and an additional $3 million expenditure over a three-year period to earn a 51% stake in the Benmara projectAsian Metal Copyright
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