This interesting development has been overshadowed by OZL's profit announcement.
I hold both OZL and JV partner MEP. On the HC MEP page I observed:
The language around the creation of a 'minerals hub' Is tantalising. The obvious core would be FMR's Eloise mine and processing plant, up for sale as noted earlier. I have no idea what condition the processing plant is in, on C&M since 2008 (Wiki).
SFR has already let MEP look at its Cloncurry database.
OZL's $225k 'success fee' to MEP funds MEP's share of first year exploration.
Still no word from OZL on Jericho 2020 drilling program which ought to begin April-May. Hopefully the delay is due to the parties examining and strategising this 'minerals hub' concept. Patience, holders!
Ash
OZL Price at posting:
$9.96 Sentiment: Buy Disclosure: Held
