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Ozz Resources Limited was incorporated on 27 August 2020 to acquire an interest in its 5 Western Australia based gold projects:
(a) the Mt Davis Project, where the Company has a signed farm-in agreement to earn up to 51% project interest by sole funding $650,000 expenditure in 2 years and up to 80% project interest by completing a feasibility study;
(b) the Maguires Reward Project, where the Company has a signed tenement purchase agreement to acquire 100% interest in the project;
(c) the Peterwangy Project, where the Company has a signed farm-in agreement to earn up to 51% project interest by sole funding $400,000 expenditure in 2 years and up to 76% project interest by completing a feasibility study;
(d) the Rabbit Bore Project, where the Company has a signed purchase and joint venture agreement to acquire 80% interest, form a joint venture with the vendor and sole fund until a decision to mine is made; and
(e) the Wardarbie South Project, where the Company has a signed purchase and joint venture agreement to acquire 80% interest, form a joint venture with the vendor and sole fund until a decision to mine is made.
Based on historical exploration and an evaluation of available data, the Company considers that all five Projects are prospective for gold mineralisation. The proposed work programs will see the Company become very active in exploring and developing its Projects with work to commence soon after completion of its IPO.
It is anticipated that OZZ will list on the ASX during June 2021.
www.ozzresources.com.au
(a) the Mt Davis Project, where the Company has a signed farm-in agreement to earn up to 51% project interest by sole funding $650,000 expenditure in 2 years and up to 80% project interest by completing a feasibility study;
(b) the Maguires Reward Project, where the Company has a signed tenement purchase agreement to acquire 100% interest in the project;
(c) the Peterwangy Project, where the Company has a signed farm-in agreement to earn up to 51% project interest by sole funding $400,000 expenditure in 2 years and up to 76% project interest by completing a feasibility study;
(d) the Rabbit Bore Project, where the Company has a signed purchase and joint venture agreement to acquire 80% interest, form a joint venture with the vendor and sole fund until a decision to mine is made; and
(e) the Wardarbie South Project, where the Company has a signed purchase and joint venture agreement to acquire 80% interest, form a joint venture with the vendor and sole fund until a decision to mine is made.
Based on historical exploration and an evaluation of available data, the Company considers that all five Projects are prospective for gold mineralisation. The proposed work programs will see the Company become very active in exploring and developing its Projects with work to commence soon after completion of its IPO.
It is anticipated that OZZ will list on the ASX during June 2021.
Ozz Resources (ASX: OZZ)
A Perth based and Western Australian focussed gold and base metal explorer with an aim of rapid evaluation to value-add for share-holders.
www.ozzresources.com.au
