Resolution and OZ agreement fast-tracks McArthur Basin copper discoveries
Resolution Minerals (ASX: RML) and copper-focused mid-tier mining company OZ Minerals (ASX: OZL) have entered into a farm-in agreement and joint venture on the Wollogorang copper project in the Northern Territory. The agreement will allow both companies to fast-track the search for copper discoveries in the McArthur Basin, which hosts the world class McArthur River lead-zinc mine and is surrounded by mid-tier and major companies including BHP, Rio Tinto and Teck. Resolution Minerals managing director Duncan Chessel says this is an exciting development for the company as the agreement is recognition of the copper prospectivity of the Wollogorang project. “Copper is a fundamental ingredient to the renewable energy of the future of the planet,” he said. “The results of our…