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Oz Minerals looks at investing A$10m in Minotaur’s project

Copper miner Oz Minerals has inked a second agreement with explorer Minotaur Resources, this time agreeing to spend up to A$10-million over the next six years, to earn a 70% interest in the Eloise project area, in Queensland.

Oz Minerals CEO Andrew Cole said on Thursday that the Eloise tenements, owned by Minotaur, were in a very prospective area, and had similar characteristics to Cannington.