OZ Minerals enters exploration earn-in agreement in Portugal

Company News

by Jessica Amir

OZ Minerals (ASX:OZL) has entered into a earn-in agreement in Portugal, targeting copper-gold mineralization. 

The copper focused international miner entered the agreement with a Canadian listed explorer, Avrupa Minerals.

The project targets a 24-kilometre long copper-in-soil source at Avrupa Minerals’ copper-gold exploration project in Southern Portugal.

OZ Minerals says Portugal is a growing exploration pipeline.

Through the agreement, the miner can earn a 51% interest in the tenement through spending a minimum of $1 million on exploration in the first year.

Shares in OZ Minerals (ASX:OZL) are trading 0.84% higher to $8.36
 

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