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Company News Summary

OZ Minerals Announces Sale of Jericho and Eloise JV Interests

09 Dec 2021  |  09:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sale of Jericho and Eloise Joint Venture Interests

OZ Minerals announced that it would sell its Jericho and Eloise JV interests to Demetallica, a subsidiary of partner Minotaur Exploration for consideration of A$6.6m. The sale also includes a deferred contingent consideration of up to US$8.82m, calculated at the rate of US$0.04 per pound of payable copper above 200kt contained copper and a further A$2.75m upon completion of a pre-feasibility study.

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