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OZ withdraws from Mt Woods

AFTER reducing exploration expenditure around its Prominent Hill mine in South Australia, OZ Minerals has withdrawn from the nearby Mt Woods joint venture with IMX Resources after spending more than $A14 million.

Kristie Batten
OZ withdraws from Mt Woods

The withdrawal of OZ comes after the company backed out of a deal to buy IMX’s 49% stake in the iron ore rights earlier this year. By withdrawing, OZ relinquishes its interest in the non-iron rights...

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