Round Oak Minerals is a growing producer of copper, zinc, gold and silver, with well-established open cut and underground mines in Western Australia and Queensland and a major copper development project in Victoria. The company is headquartered in Brisbane, Australia, and is a wholly-owned subsidiary of diversified investment group Washington H. Soul Pattinson & Co Ltd.
The Round Oak Board has approved funding for the Definition Phase Study for the Stockman Copper-Zinc Project in Victoria. The Definition Phase Study is expected to be completed by the end of 2022.
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Round Oak Minerals has sold its 50% interest in the White Dam copper-gold project in South Australia to the company’s joint venture partner in the project, GBM Resources Ltd. Round Oak will receive a cash payment of $500,000 for the sale and a refund of $1.9 million in environmental bonds which will be replaced by GBM.
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Round Oak Minerals has commenced exploration drilling campaigns at its key mines and development projects. At the Jaguar zinc and copper operation in Western Australia, a 29 hole, 7,582 metre Reverse Circulation drill programme is being undertaken.
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