Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Resolution Minerals and OZ Minerals have signed a multi-year joint venture (JV) and farm-in deal to speed up copper exploration activities at Northern Territory, Australia’s Wollogorang Project.


The JV will allow OZ Minerals a 51pc stake with a $4.9mn investment over five years. Resolution Minerals will continue to lead operations during the farm-in phase and will be entitled to the remaining 49pc if it shows participation interest from the sixth year. 


The Wollogorang Project spans 3,825sq km and is located in the McArthur Basin, Northern Australia. Resolution Minerals recently conducted a VTEM geophysics survey at the site that indicated an immense copper potential.

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