Red Metal Limited

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Home Investors ASX Announcements Joint Venture with Oz Minerals for Punt Hill and Pernatty Lagoon Copper-Gold Projects
Joint Venture with Oz Minerals for Punt Hill and Pernatty Lagoon Copper-Gold Projects
Red Metal has advanced the Punt Hill and Pernatty Lagoon copper-gold projects located 30 kilometres south of the Carrapateena deposit with the execution of a Heads of Agreement with OZ Exploration Pty Ltd a wholly owned subsidiary of OZ Minerals Limited (OZ Minerals).
 
The entry of such a high quality joint venture partner to fund the project will provide new impetus particularly with OZ Minerals’ strong commitment to regional exploration.  OZ Minerals is widely recognized as one of Australia’s premier modern mining companies, owning the large Prominent Hill copper and gold mine in South Australia and is also developing the nearby Carrapateena copper and gold deposit.