Ann: Azure Enters Joint Venture with Oz Minerals , page-5

re: Ann: AZS: Azure Enters Joint Venture with... I have read the announcement and I can see where you both are coming from.

This is a long term investment - there are no drill samples or a JORC just around the corner, so yes Jimako, it is a bit of a Clayton's deal as there is nothing material at the moment.

For $13m, though, it would appear to be low risk with some upside. I can agree with Gotta, that it is spending for ongoing growth.

OZL has now got quite a number of irons in the fire on exploration.

1. Cambodia Gold
2. Exploration around P Hill
3. IMX joint venture
4. AZS joint venture
5. Beadell & Meteoric joint venture

If any one of these hits paydirt, then it will be big income for little expense.

HT1