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OZ Minerals Provides 2021 Third Quarter Report

20 Oct 2021  |  08:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: OZ Minerals 2021 Third Quarter Report

OZ Minerals provided 2021 third-quarter report. The cash balance at 30 September was $188m, retaining the fully undrawn debt facility of $480m, providing liquidity to progress expansions at Carrapateena and Prominent Hill. Investment in Carrapateena growth has continued with mine development activities to accelerate decline development, crusher procurement and Western Access Road construction progressing. Exploration and studies expenditure was higher with increasing activity at West Musgrave and the Carajas. During the quarter a stage gate payment of $6.3m was made in relation to the Santa Lucia project.

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