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OZ Minerals Announces Option to Acquire Kalkaroo Copper Project in SA

17 May 2022  |  08:55:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: OZ Minerals' Option to Acquire Kalkaroo Copper Project

OZ Minerals announced that it has signed a conditional binding Terms Sheet with Havilah Resources setting out the basis of a new strategic relationship in the prospective Curnamona Province in SA, including the option to acquire the Kalkaroo project. The Kalkaroo project consists of a Mineral Resource estimate of 245Mt @ 0.45% Cu and 0.39g/t Au announced by Havilah in 2018 with Havilah having a large exploration tenement holding in the Curnamona Province. The Terms Sheet provides the Company with a study period of up to 18 months (Option and Alliance Period) to evaluate the potential of the Kalkaroo project and the option to acquire 100% of the Kalkaroo project (Kalkaroo Option) for a purchase price of $205m.

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