OZ Minerals has equity interests in a small number of other mining and exploration companies. OZ Minerals considers these holdings likely to generate future value to the company and to shareholders.
The various holdings are as follows:
422.8m shares in Toro Energy
Toro Energy Limited (ASX code: TOE AU) is an Australian listed uranium exploration and development company. OZ Minerals’ interest in Toro is a strategic window into the uranium industry. OZ Minerals owns around 21% of Toro.
For further information on this company please visit www.toroenergy.com.au.
8.0m shares in Minotaur Exploration
In early 2005, OZ Minerals subscribed for a small stake in Minotaur Exploration (ASX code: MEP AU) which contained the non Prominent Hill assets of the former Minotaur Resources as well as other exploration projects in Australia. Further shares have since been bought in various placements.
For further information on this company please visit www.minotaurexploration.com.au.
12.8m shares in Beadell Resources
In mid 2007 OZ Minerals sold the majority of the Australian exploration interests (excluding those in the Wiluna area) that were acquired as part of the takeover of Agincourt Resources Limited, into the IPO of Beadell Resources (ASX code: BDR AU). OZ Minerals received shares in Beadell Resources as part of this transaction.
For further information on this company please visit www.beadellresources.com.au.
This holding was sold in August 2015.
Sandfire Resources NL
This holding was sold in March 2015.
For more information, please refer to the ASX announcements: OZ Minerals disposes of stake in Sandfire and Sale of equity investment complete.