OZ Minerals December 2009 Quarterly Report

21 Jan 2010

Summary:

Very successful first year of operations at Prominent Hill with production in excess of expectations.
Costs of production (C1 - US70.7c/lb) world competitive.
Underground feasibility study extended to examine alternative development scenarios.
Exploration Heads of Agreement signed with IMX Resources secures additional highly prospective tenement area in which to explore for additional Prominent Hill-style deposits.
Initial Resource modelling underway for Okvau gold deposit in Cambodia.
Corporate strategy developed and launched.

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