OZ Minerals has extensive experience in global greenfields exploration.
OZ Minerals is committed to adding value to the Company through exploration in Australian and overseas. In 2013 OZ Minerals’ exploration activities will focus on the Carrapateena region, which has returned some significant drill results.
In Australia OZ Minerals is exploring for copper gold deposits in the Gawler Craton in South Australia.
OZ Minerals purchased the Carrapateena copper-gold project in 2011. The project comprises four exploration licences covering 1,070 square kilometres in central South Australia.
During 2012 OZ Minerals completed an infill exploration program with the intent to upgrade the Mineral Resource at Carrapateena. On 21 January 2013, OZ Minerals released an updated Mineral Resource Statement for Carrapateena which provided a 43 percent increase on the previous (2011) estimated Resource.
In 2013, OZ Minerals will focus its exploration activities on the region around Carrapateena in particular Khamsin and Fremantle Doctor.
In January 2013 OZ Minerals announced a new mineral discovery at the Khamsin prospect approximately 10 kilometres northwest of the Carrapateena deposit as part of its regional exploration program. Further drilling in 2013 has returned significant results displaying higher grade zones that appear similar to those in the main body at Carrapateena.
In 2013 further geophysics and drilling will be undertaken at the Khamsin prospect that will allow OZ Minerals to have a more targeted drilling campaign.
For more information read the ASX release Carrapateena Resource upgrade and a significant new regional exploration copper discovery - 21 January 2013.
OZ Minerals is currently drilling at the Fremantle Doctor prospect, located approximately 2.5 kilometres north east of Carrapateena. Initial results show good mineralisation with further drilling required.
OZ Minerals is exploring around the Prominent Hill area for further copper-gold deposits. The Prominent Hill deposit is located within a large (approx 4,000 square kilometres) tenement holding. In 2010 OZ Minerals Limited and IMX Resources Limited formed a joint venture to explore for, and facilitate the development of, copper-gold projects on IMX’s Mt Woods tenements in South Australia. The joint venture along with its own ground gives OZ Minerals access to more than 7,000 square kilometres of highly prospective exploration acreage.