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An announcement from Ozz Resources Ltd ( (AU:OZZ) ) is now available.
Ozz Resources has secured shareholder approval for its binding option agreement with Scorpion Minerals, clearing a key corporate hurdle for the planned transaction over the Maguires Gold Project and Old Prospect gold tenements. The vote aligns both companies on accelerating project delivery and enables Ozz to advance development activities at Old Prospect.
The company has also formally lodged a mining licence application covering the Old Prospect North and South deposits, including the Maguires Reward prospecting licence and an adjacent application area for infrastructure and expansion. This application underpins planned open pit mining, infrastructure integration and processing pathways, and is a critical condition precedent supporting Scorpion Minerals’ pathway toward production readiness at the project.
More about Ozz Resources Ltd
Ozz Resources Limited is an Australian gold exploration and development company focused on advancing its Maguires Gold Project and associated Old Prospect tenements in Western Australia. The company targets near-term development opportunities, including open pit mining, through partnerships and licensing progress to move projects toward production readiness.
Technical Sentiment Signal: Sell
For a thorough assessment of OZZ stock, go to TipRanks’ Stock Analysis page.