Asset Report

Antas gold mine

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07 September 2018

Antas gold mine

Report summary

The Antas mine is an iron-oxide-copper-gold (IOCG) style deposit located in the Carajas region of Para State in northern Brazil. The deposit was discovered by Avanco Resources in 2011, construction commenced in 2015 and was completed in under 12 months at a capital cost of $70 million, achieving commercial production of copper concentrates in July 2016. In July 2018, Oz Minerals closed a deal to takeover Avanco Resources in a A$418 million (US$320 million) deal comprised of cash and Oz Minerals shares.

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