OZ Minerals (ASX:OZL) has inked a deal with Investigator Resources whereby OZ Minerals will fund a $10 million three -stage program to explore Investigator’s Maslins IOCG Project.
Under the five-year deal OZ Minerals may earn up to 70 per cent of Maslins Iron Oxide Copper-Gold (“IOCG”) Project.
The earn-in requires OZ Minerals to commit to a $1.4 million minimum expenditure on the Project area.
Investigator Resources says it's encouraged to have OZ Minerals as a partner progressing the Maslins Project, and it looks forward to reporting rapid progress toward the first drill testing of this highly attractive target.
Shares in OZ Minerals (ASX:OZL) closed 1.73 per cent lower at $9.68 on Friday.