OZM are to the east of that circular feature (see map below). According to the ANM website, all tenements have been granted and OZM have commenced exploration works since 20 May on some of the tenements. The area holds niobium, phosphate and titanium potential as I understand it.
Another ASX listed stock (EQN) is to the west and south of the circular feature. See their map below which also highlights the major players in the area like CBMM (niobium), MOSAIC (phosphate), and BEMISA (REEs). From memory, I think ASX listed ENV has ground near BEMISA as well. Maybe someone could doublecheck.
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OZM are to the east of that circular feature (see map below)....
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