Red Metal Limited

NOTE: To use the advanced features of this site you need javascript turned on.

Home Investors ASX Announcements Red Metal and OZ Minerals Execute a New Greenfields Discovery Alliance Agreement
Red Metal and OZ Minerals Execute a New Greenfields Discovery Alliance Agreement

The Board of Red Metal is pleased to announce the execution of a significant, multi-project option and joint venture agreement with OZ Minerals Limited (OZ Minerals) aimed at fast-tracking the search for greenfield discoveries on the Company’s highly sought after Australian base metal exploration portfolio.

 $8M minimum spend over two years across six projects
 $1.8M in front end cash payments to Red Metal
 
OZ Minerals is widely recognized as one of Australia’s premier mining companies and has shown a strong commitment to regional exploration in Australia. It owns the large Prominent Hill copper and gold mine in South Australia and is also developing the nearby Carrapateena copper and gold deposit.