OZ Minerals Limited
(ASX:OZL) has announced a 43 per cent increase in the mineral resource for its Carrapateena deposit in South Australia.
The mineral producer says it has also made a significant regional exploration discovery close to the Carrapateena deposit.
CEO Terry Burgess says the resource increase and discovery have increased the company’s confidence in the resource.
Mr Burgess says the focus during 2013 will be to commence exploration of the mineralisation that extends beyond the resource.
The additional mineral discovery was made as part of Oz Minerals recently commenced regional exploration program.
Oz Minerals posted a net profit of $119.5 million in the first half of its 2012 financial year.
