Oz Minerals adds two years at Prominent Hill

Takeover target Oz Minerals has reported ore reserve increases at its Prominent Hill underground operation, in South Australia, and its West Musgrave project, in Western Australia.

In its annual mineral resource and ore reserve updates, Oz Minerals reported a near 23% increase to the Prominent Hill underground ore reserve, which now stands at 59-million tonnes at 1.4% copper equivalent, extending the mine life by two years to at least 2038.