Exploration

Pandurra, South Australia

Ownership: 100% Black Tiger Resources Limited, OZ Minerals Earn-In
Location: Gawler Craton in South Australia.
Target: IOCG Copper – Gold
In Q1 2021, OZ Minerals entered into our first agreement generated by the Drillanthropy initiative.
The agreement, with Black Tiger Resources Pty Ltd, allows us to drill test targets on the Pandurra project, located on the northern portion of the Eyre Peninsula.

Drillanthropy connects data-driven exploration models with the funding to drill and test them.
Funding is open to any tenement holder in Australia with a copper target backed by quality data, Drillanthropy harnesses the power of the crowd and helps us to think differently about traditional exploration targets. 

Mt Woods, South Australia

Ownership: 100% OZ Minerals
Location: Prominent Hill
Target: IOCG copper-gold
OZ Minerals is drilling a number of targets on the Mt Woods Project searching for for further copper deposits to provide additional resources for the Prominent Hill mill. These targets have been generated using both data science and conventional techniques with the results being fed back into models to help refine future targeting.

Carrapateena, South Australia

Ownership: 100% OZ Minerals
Location: Carrapateena 
Target: IOCG copper-gold
Exploration is focusing on making further discoveries using both conventional and unconventional targeting methods and we are trialing passive seismic and heat flow needles to help prioritise existing targets.
These surveys, along with other geophysical techniques such as ground gravity are currently being used to refine drill targets which will be tested in 2022.

Coompana, South Australia

Ownership: 100% OZ Minerals
Location: Coompana Province
Target: Nickel, copper
Exploration is focusing on making further discoveries using both conventional and unconventional targeting methods and we are trialing passive seismic and heat flow needles to help prioritise existing targets. These surveys, along with other geophysical techniques such as ground gravity are currently being used to refine drill targets which will be tested in 2022.

Red Metal multi-site exploration alliance, Western Australia

Ownership: OZ Minerals Earning 51%
In January 2019, OZ Minerals entered an exploration alliance with Red Metal Limited to significantly increase our exploration footprint in Australia.
The Alliance gives us an option to fund a series of mutually agreed, proof-of-concept work programs on four of Red Metal’s early-stage projects.

Yarrie
Location: Paterson Province, Western Australia
Target: Copper-gold-cobalt
Large airborne EM survey completed in Q3 2021 with results being interpreted. Targeting large copper gold systems similar to the Winu Deposit recently discovered by Rio Tinto.

Gulf
Location: Northern Queensland
Target: Copper-gold
Drilling of discrete magnetic and gravity features is underway under 400m of sedimentary cover targeting large copper-gold systems similar to the earnest Henry Deposit 

Lawn Hill
Location: Northern Queensland
Target: Copper / Zinc-lead-silver
Further geophysical surveys are planned in 2022 to refine targets for drill testing 

Wollogorang

Ownership: Resolution Minerals Ltd, OZ Minerals Farm-In up to 51%
Location: McArthur Basin, Northern Territory.
Target: Copper
The Wollogorang project in the gulf country of the Northern Territory was added to our portfolio in Q3 2021. Drilling of geophysical targets generated by surface and ground surveys is planned for the first half of 2022 following the completion of heritage surveys and obtaining other statutory approvals. OZ Minerals can earn a majority equity in the project held by Resolution Minerals Ltd and is targeting sedimentary hosted copper deposits in the McArthur Basin.

Benmara

Ownership: Resolution Minerals Ltd, OZ Minerals Farm-In up to 51%
Location: Barkly Tablelands, Northern Territory.
Target: Sediment-hosted base metal deposits
The Benmara project in the Barkly Tablelands region of the Northern Territory was added to our portfolio in Q2 2022. Drilling of geophysical targets generated by surface and ground surveys is planned for the first half of 2023 following the completion of heritage surveys and obtaining other statutory approvals.

Peake and Denison

Ownership: Demetallica Ltd, OZ Minerals Farm-In up to 51%
Location: Peak and Denison inlier, Northeast South Australia
Target: Copper-Gold
The rocktypes of the Peak and Denison project in the northeast of South Australia are interpreted to be the same age and composition as those in the Mount Isa Province in Queensland .The JV is targeting IOCG deposits. Drilling of geophysical targets generated by surface and ground surveys is planned to commence in the first half of 2022.

 Paraiso – Peru

Ownership: Inversiones Mineras La Chalina S.A.C, (OZ Minerals earning up to 100%)
Location: Arequipa district of southern coastal Peru
Target: IOCG Copper-gold
In 2018, OZ Minerals entered an agreement with privately-owned Inversiones Mineras La Chalina S.A.C to progress exploration of the Paraiso project. Historical exploration on the licences has included soil sampling, geological mapping, limited geophysics and drilling of nine holes. The drilling focussed on a small (150 x 150 metre) area near historical workings, and the majority of drill holes intersected copper mineralisation. At the Esmeralda target zone, surface copper oxide mineralisation has been traced over a strike length of 400 metres. At the Casper target a 400 x 300 metre copper-in-soil anomaly has been outlined by previous explorers. Drilling of the targets are planned for the first half of 2022.

Lannavaara – Sweden

Ownership: Mineral Prospektering i Sverige AB (MPS), OZ Minerals earn-in up to 75%
Location: Norrbotten district, northern Sweden
Target: IOCG copper-gold
In 2018, OZ Minerals entered into an agreement with private explorer Mineral Prospektering i Sverige (MPS) to explore the Project. In 2019, our partnership with MPS expanded to include the Painirova Project in Svappavaara, Sweden. It expanded further in 2021 to include the Sadjem project. In mid-2021, an additional licence was added to to the JV where compelling copper-gold targets have been identified which are planned to be drill trested late in 2021 / early 2022 OZ Minerals can earn 75% of the project by spending US$10m over 66 months and has the right to purchase a further 25% equity.

Painirova – Sweden

Ownership: Mineral Prospektering i Sverige AB (MPS), OZ Minerals earn-in up to 75% 
Location: Svappavaara, Sweden.
Target: IOCG copper-gold, shear-hosted copper deposits 
In 2019, OZ Minerals expanded its partnership with Mineral Prospektering i Sverige AB by signing a new earn-in agreement on the Painirova project in northern Sweden. Painirova is located between the Mertainen iron-oxide–apatite deposit and the active Leveäniemi mine at Svappavaara in Sweden’s most prolific mining belt.
OZ Minerals made an initial commitment to acquire airborne electromagnetic (AEM) data over the tenement package; this was completed in Q3 2019. In 2020 OZ Minerals elected to proceed with the project, and will complete drilling a number of high ranked targets by end 2021.

Sadjem – Sweden

Ownership: Mineral Prospektering i Sverige AB (MPS), OZ Minerals earn-in up to 75% 
Location: South of the Nautanen and Aitik copper and gold deposits in Northern Sweden
Target: Copper-gold 
In 2021, we added a third project with our partner MPS to our pipeline in Sweden. 
The project is along strike to the south of the Nautanen and Aitik copper and gold deposits in Northern Sweden. 
The exploration program will consist of an airborne EM survey, ground verification and drilling which is all planned for 2022. 

Skellefte / Rockliden – Sweden

Ownership: Mineral Prospektering i Sverige AB (MPS), OZ Minerals earn-in up to 75% 
Location: South of the Nautanen and Aitik copper and gold deposits in Northern Sweden
Target: Copper
The Skellefte project is adjacent to the 20Mt Renstrom VMS copper, zinc, lead, silver and gold deposit in Northern Sweden.