Ozz Resources Flags Profitable Gold Mining Prospects

Ozz Resources Ltd (AU:OZZ) has released an update.

Ozz Resources Ltd has announced positive findings from a Mining Scoping Study for the Maguires Reward project, which suggests potential for profitable gold mining operations with significant mineral resources available for extraction. The study outlines the feasibility of mining several pits with the largest expected to yield positive cash flow at current gold prices. No substantial exploration was conducted during the quarter, but the company is seeking a partner to advance the project.

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