[MEDIA] One wonderful trend we are seeing now is increasing...

One wonderful trend we are seeing now is increasing participation by senior mining companies — smart money — in financing quality juniors, Rule says.


Note: Under the Strategic Alliance agreement OZ Minerals Limited (OZ Mineral) agreed to provide Havilah $1 million per month (up to a total of $18,000,000 over 18 months from the effective date of 31 August 2022) during the Kalkaroo Option period, of which $0.5 million per month must be spent on Strategic Alliance exploration work. Where Havilah makes a discovery within the AOI (area of interest) of copper dominant mineralisation (as measured by reference to the value of copper in the mineralisation) or other associated mineralisation that OZ Minerals considers it could process in its proposed (or upgraded) Kalkaroo processing plant (AOI Discovery), OZ Minerals may notify Havilah that the AOI Discovery is a discovery of interest (DOI) and shall provide Havilah with a proposed work program in relation to the DOI, which shall be sole funded by OZ Minerals. OZ Minerals is limited to 3 DOIs at any given time.

BHP Group Limited announced on 2 May 2023 the completion of the OZ Minerals acquisition and implementation of the scheme of arrangement for BHP Lonsdale Investments Pty Limited, a wholly owned subsidiary of BHP, to acquire 100% of the shares in OZ Minerals. Accordingly, BHP is now the ultimate parent company of OZ Minerals.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.