Overview of OZZ Resources' mining scoping study completion

OZZ Resources (ASX: $OZZ) has announced the completion of the Mining Scoping Study conducted by Resolve Mining Solutions for the Old Prospect North and South deposits within the Maguires Reward project area in Western Australia. The study indicates the potential for positive operating cash flow at the current gold price of approximately $3,000 per ounce.

Executive commentary on the mining scoping study

The results of the Mining Scoping Study demonstrate the potential viability of the Old Prospect deposits within the Maguires Reward project area. OZZ Resources looks forward to advancing the project through further studies and assessments to realize its full potential.

Summary of OZZ Resources' mining scoping study and outlook

The completion of the Mining Scoping Study at the Maguires Reward project by OZZ Resources indicates the potential for positive cash flow at the current gold price. The study highlights the significant mineral resources available for extraction and outlines the need for further investigations and studies to improve accuracy of the estimate. OZZ Resources aims to advance the project through geotechnical investigations, topographic surveys, waste classification, and refinement of operating costs. The company remains optimistic about the project's potential and is focused on further development to realize its full capacity.