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An announcement from Ozz Resources Ltd ( (AU:OZZ) ) is now available.
Ozz Resources Ltd has faced procedural delays in the official registration of its mining claims with the Mining Affairs Board of Zimbabwe, impacting its proposed transaction. The company is negotiating a joint venture with another ASX-listed company to develop the Maguires Reward Project, which includes plans for drilling and a pre-feasibility study. This joint venture, funded by a capital raising initiative, may lead to the withdrawal from the initial proposed transaction and a reinstatement to trading on the ASX. Additionally, Ozz Resources is conducting a strategic review of its exploration assets to capitalize on favorable market conditions for gold and base metals.
More about Ozz Resources Ltd
Ozz Resources Ltd operates in the mining industry, focusing on gold and base metals exploration. The company is engaged in developing projects such as the Maguires Reward Project and is actively seeking joint venture opportunities to enhance its exploration and development activities.
Technical Sentiment Signal: Hold
For detailed information about OZZ stock, go to TipRanks’ Stock Analysis page.