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