Resolution Minerals Ltd. announced the completion Due Diligence and the commencement of the 2-years Initial Period with a $1.6m minimum spend. The agreement will allow RML and OZ Minerals Limited to fast-track the search for copper discoveries on Resolution's Wollogorang Project (Project), located in the McArthur Basin in the Northern Territory. OZ Minerals is a modern mining company that's focused on creating value for all its stakeholders.

As one of Australia's large copper producers, OZ Minerals owns and operates the Prominent Hill and Carrapateena mines in South Australia. Collaboratively OZ Minerals and Resolution have a strong commitment to safety. OZ Minerals Limited has advised Resolution Minerals Ltd. of successful completion of due diligence on the Farm-in and JV agreement on the Wollogorang Copper Project in the Northern Territory, Australia.

OZL can earn a 51% interest by spending $4.9 million over 5 years. RML may retain 49% interest by electing to participate from year 6. If RML elects not to participate, OZL has the option to earn a 75% interest, by sole-funding and delivering a Positive Final Investment Decision to Mine Detailed planning, technical collaboration, drill targeting and permitting is ongoing Heritage surveys and track building prior to an extensive drilling program is planned for the 2022 dry season (May-November).