OZ Minerals And Minotaur Join Forces In Cloncurry

Minotaur Exploration and OZ Minerals have secured three joint venture partnerships in Cloncurry, Queensland.

According to Minotaur, the three Cloncurry JV agreements align with the company’s project generation strategy to attract top tier farm-in partners, minimising equity dilution to shareholders.

In a previous agreement, OZ Minerals acquired 70 per cent interest in the Eloise JV for $10 million.

In a new Eloise JV agreement, OZ agreed to provide $3 million over the next 24 months, with Minotaur contributing additional tenure to the new partnership.