• OZZ to acquire 100% interest in two exploration tenements in Murchison region
• Intends to raise up to $5 million via public offer for exploration
• Acquisition subject to shareholder and regulatory approvals
• Project prospective for nickel, copper, cobalt and other critical minerals

OZZ Resources Limited has entered into an agreement to acquire a 100% interest in two mineral exploration tenements in the Murchison region of Western Australia, covering approximately 44km2. The acquisition is subject to shareholder approval, regulatory approvals, a successful equity raise, and other standard conditions. OZZ intends to raise up to $5 million via a public offer to support the exploration of these properties. The Bedaburra Project, part of the acquisition, is considered prospective for nickel-cobalt laterite and primary magmatic nickel-copper sulphide mineralisation. Historical exploration and recent soil geochemistry programs indicate potential for significant mineralisation. OZZ plans to conduct a systematic exploration program over two years, including geochemistry, geophysics, and drilling activities.

OZZ intends to raise up to $5 million via a public offer.

The acquisition and subsequent exploration activities are expected to enhance OZZ's exploration portfolio and potentially uncover significant nickel, copper, and cobalt deposits.