Saturday, December 14, 2024

Orexplore Technologies: Shares soar on Oz Minerals commercial agreement

Orexplore Technologies Shares soar on Oz Minerals commercial agreement

  • Mining tech firm Orexplore Technologies (OXT) signs a $2.35 million commercial agreement with Oz Minerals (OZL) for its services
  • Under the binding agreement, Orexplore will deliver about 30,000 metres of historic site-based drill core and sample scanning services for Oz Minerals
  • This work will advance orebody knowledge and resource to reserve conversion processes
  • The term of the agreement will conclude on the fulfilment of the purchase order expected to occur over a six-month period
  • Shares in Orexplore are up 71.2 per cent, trading at 12.5 cents and shares in Oz Minerals are up 2.18 per cent, trading at $17.34 as of 1:56 pm AEST

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