3.2 MILLION OUNCE RESOURCE
In Low Sovereign Risk, Mining Friendly South Australia
3.1 million ounces of gold in JORC Mineral Resources contained in the advanced Kalkaroo copper-gold project.
OZ Minerals is presently undertaking a comprehensive Study Program over a period of 18 months (commenced 1 September 2022, uunless extended or earlier suspended) with the aim of completing an updated PFS on Kalkaroo.
Excellent logistics, being located in northeastern South Australia near Broken Hill with the Transcontinental railway and main highway nearby.
- One of the larger undeveloped open pit copper-gold deposits in Australia, containing 3.1 million ounces of gold, 1.1 million tonnes of copper and 23,200 tonnes of cobalt in Measured, Indicated and Inferred JORC Mineral Resources.
- OZ Minerals is presently undertaking a comprehensive Study Program to update the PFS to determine whether to exercise the Kalkaroo Option and purchase 100% of Kalkaroo for a sum of $205 million (plus potentially additional contingency payments).
- Project is well advanced with granted mining lease, earlier pre-feasibility study, and land ownership.
3.2 MILLION OUNCES OF GOLD IN JORC MINERAL RESOURCES
Copper, gold, cobalt JORC Mineral Resource inventory – 1.3 million tonnes of copper, 3.2 million ounces of gold and 43.4 thousand tonnes of cobalt.
Kalkaroo copper-gold-cobalt deposit – 100 million tonne open pit JORC Ore Reserves of 0.474 million tonnes of copper and 1.4 million ounces of gold.
Mutooroo copper-cobalt-gold deposit – 13.1 million tonnes of 1.53% copper, 0.16% cobalt and 0.20 g/t gold open pit massive sulphide deposit.
Iron ore – three deposits namely Maldorky and Grants JORC Resources and Grants Basin, with potentially several billion tonnes of iron ore mineralisation.
Over 16,000 km² of highly prospective mineral tenements in South Australia – unmatched elsewhere in Australia.
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