Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Ozz Resources Ltd ( (AU:OZZ) ) has issued an update.
Ozz Resources has granted Scorpion Minerals an exclusive option to acquire 100% of its Old Prospect tenements within Scorpion’s Pharos Gold Project in Western Australia, consolidating ownership along the highly prospective 5km Cap Lamp–to–Middle Bore trend. The Old Prospect North and South deposits host a JORC 2012-compliant resource of 312,400 tonnes at 2.15 g/t for 21,600 ounces of gold, mostly in the Indicated category, with historical drilling returning multiple high-grade intercepts, mineralisation remaining open along strike and at depth, and a follow-up drilling campaign and mining lease application planned; together with Scorpion’s broader landholding on the Dalgaranga–Big Bell shear corridor and a processing pathway via its MOU over the Kirkalocka plant, the deal enhances the development and commercialisation options for the Pharos project and underscores the district’s emerging gold potential.
More about Ozz Resources Ltd
Ozz Resources Ltd is an Australian gold exploration and development company with assets in Western Australia’s Murchison region, where it focuses on identifying and advancing high-grade gold resources within established mineralised corridors such as the Big Bell–Dalgaranga shear zone.
Technical Sentiment Signal: Sell
See more data about OZZ stock on TipRanks’ Stock Analysis page.