Ozz Resources Ltd (AU:OZZ) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
For further insights into AU:OZZ stock, check out TipRanks’ Stock Analysis page.