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OZ Minerals Provides Prominent Hill Expansion Study Update

18 Aug 2021  |  09:09:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Prominent Hill Expansion Study Update

OZ Minerals approved construction of a hoisting shaft at the Prominent Hill copper gold mine which will extend the mine life to 2036 at 6Mtpa. The shaft mine expansion also enables generational province potential with further mine life extensions possible as 67Mt of resource remains outside the shaft expansion mine plan. There is 38% increase in Underground Ore Reserves to 47 Mt at 1.2% Cu and 0.7 g/t Au.

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