Oz Minerals Successfully Progressing Growth Options, Shares Close to Fairly Valued
Oz Minerals is looking to expand its Carrapateena mine. The expansion would see the planned mining rate to nearly triple to 10 to 12 million tonnes a year from 2026 versus the base case 4.25 million tonnes. The bulk underground mining method of block caving, as used at Newcrest’s Cadia East mine, would increase ore volumes, lower unit costs and exploit a larger portion of the resource. Copper sales would almost double to 105,000 to 125,000 tonnes a year, from the base case of about 65,000 tonnes...OZ Minerals is a mining company engaged in exploring for, developing and operating copper, gold and base metal projects. It owns the Prominent Hill copper-gold mine and Carrapateena copper-gold project, both located in South Australia. Co.'s operating segments are: Prominent Hill, which comprised of mining copper, gold and silver from the Prominent Hill Mine; Carrapateena, which comprised of exploration and evaluation associated with the Carrapateena project; Exploration and Development, which comprised of exploration and evaluation activities associated with the other projects and include interests and joint ventures with Minotaur and Toro Energy Ltd, and Corporate Development activities.
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