JV looks for greenfield opportunities in WA and Queensland

OZ Minerals and Red Metal have formed a joint venture agreement aimed at fast tracking the search for greenfields discoveries at projects in Western Australia and Queensland.

Australian Mining is reporting the greenfields discovery alliance provides OZ Minerals with a two-year option to fund a series of mutually agreed, proof of concept work programs on six of Red Metal’s early stage projects.

In Western Australia, the companies will explore for copper-gold and copper-cobalt prospects at the Yarrie project, and for copper-gold and copper-nickel prospects at the Nullabor project.

The JV will target four opportunities in Queensland, including copper-gold at the Gulf project, zinc-lead-silver at the Three Ways project, zinc-lead-silver at the Lawn Hill project, and zinc-lead-silver at the Mount Skipper project.

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