OZ Minerals satisfies 70% earn-in at Musgrave Project

Company News

by Katrina Bullock

OZ Minerals (ASX:OZL) has satisfied the 70 per cent earn-in on the West Musgrave Project.

Joint Venture partner, Cassini Resources Limited (ASX: CZI) are satisfied that the expenditure commitment has been met.

OZ Minerals contributed a total of $36 million towards the Nebo-Babel Pre-Feasibility Study and regional exploration.

It will continue to sole fund the feasibility study until a definitive feasibility study and decision to mine is delivered.

Shares in OZ Minerals (ASX:OZL) are trading 0.38 per cent lower at $10.56.
 

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.