Round Oak Minerals is a growing producer of copper, zinc, gold and silver, with well-established open cut and underground mines in Western Australia and Queensland and a major copper development project in Victoria. The company is headquartered in Brisbane, Australia, and is a wholly-owned subsidiary of diversified investment group Washington H. Soul Pattinson & Co Ltd.
The Round Oak Board has approved funding for the Definition Phase Study for the Stockman Copper-Zinc Project in Victoria. The Definition Phase Study is expected to be completed by the end of the first quarter of 2022 and is the final step prior to project construction.
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Round Oak Minerals has sold its 50% interest in the White Dam copper-gold project in South Australia to the company’s joint venture partner in the project, GBM Resources Ltd. Round Oak will receive a cash payment of $500,000 for the sale and a refund of $1.9 million in environmental bonds which will be replaced by GBM.
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Round Oak Minerals has commenced exploration drilling campaigns at its key mines and development projects. At the Jaguar zinc and copper operation in Western Australia, a 29 hole, 7,582 metre Reverse Circulation drill programme is being undertaken.
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